Whopping $50bn FedEx Freight? Or?
Running the numbers
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, ...
Crew member dies as Maersk Frankfurt catches fire on maiden voyage
Maersk Frankfurt owner declares General Average, as fire-fighting continues
More danger to box ships as Houthis expand Red Sea attack arena
Bangladesh 'jam-packed' with cargo as curfew and internet restrictions continue
K+N eyes more cost-cutting after first-half profit and market share declines
'Last chance' for US importers to stock up before possible east coast port strike
New FMC regulation rules out carrier 'lame excuses' for rolling cargo
Maersk Frankfurt heads for open water as container fire subsides
Comment on this article