The parcel empires strike back as smaller players take stock
Over the past couple of years small parcel carriers have gained ground, as behemoths FedEx, ...
Oh, dear.
How wrong was I when I wrote ’$188 FedEx’ (FDX) two months ago?
Very wrong.
Its five stages of grief on my personal agenda turned out instead to be endless steps up to glory, boosted by a very ambitious cost-cutting exercise that is paying off quickly for shareholders.
Some you win, some you lose. I’ll move on from that state of mind but clearly, I underestimated the effectiveness of its restructuring. And the speed it gathered in just half a (calendar) year.
Luckily, ...
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