Comment / 'Worn out' by gloomy FedEx

ID 32938787 © Kevin Carden | Dreamstime.com

It’s hard not be quite bearish on FedEx (FDX) – and, for that matter, transport and logistics for calendar Q3 24 ending in 10 days’ time – following the conference call with analysts that followed the Memphis integrator’s release of gloomy fiscal Q1 25 numbers for the three months to the end of August.

To get a sense of how bad it was – as management was fairly grilled by analysts after the US market closed about a trading update that ...