SA: Saudi Arabia sovereign fund cuts FedEx stake, increases position in Prologis in Q3
SEEKING ALPHA reports: Saudi Arabia’s sovereign wealth fund in Q3 cut its stake in FedEx (NYSE:FDX), ...
© Jerome Cid
SEEKING ALPHA reports:
FedEx (FDX +1.3%) and UPS (UPS +0.1%) are warning some of their largest shippers that most of their capacity for the holiday season is already reserved.
“There will be days within the holiday season where the industry will be over capacity,” stated FedEx Chief Marketing Officer Brie Carere in a recent interview.
To read the full post, sourced from The Wall Street Journal, please click here.
You may also want to read this: “U.S. Postal Service, Chewy, UPS, others hiring thousands of seasonal employees“.
And this: “FedEx Express strengthens presence in Mexico with $12m logistics center“.
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