Friday, September 16, 2022 10:40:26 AM
However, as poor as FedEx reported, I do not think it's quite as bad a reflection on the economy as seems. You see, FedEx sidesteps talking about the massive loss of business with Amazon it has experienced in recent times. While FedEx and UPS still transport a fair amount for Amazon, they have lost much more to Amazon's "last mile delivery" program.
Amazon is now fully pregnant into its own delivery. Just try to buy a cargo van today from any manufacturer. Forgettaboutit! List price plus a substantial premium. And months of waiting. Why? Because Amazon has sucked up every available cargo van in the country.
So there is more commerce going on than the FedEx report suggests. It is being handled by the 800 pound gorilla.
MG
Recent FDX News
- Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe… • IH Market News • 03/27/2024 12:13:10 PM
- Tech Sector Weakness May Weigh On Wall Street • IH Market News • 03/25/2024 01:26:54 PM
- U.S. Stocks Close Mixed On The Day But Sharply Higher For The Week • IH Market News • 03/22/2024 08:40:00 PM
- FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News • IH Market News • 03/22/2024 01:07:53 PM
- FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86 • Business Wire • 03/21/2024 08:08:00 PM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:15:48 PM
- FedEx EVP/CIO Robert B. Carter to Step Down June 30, 2024 • Business Wire • 03/11/2024 08:15:00 PM
- FedEx to Launch 12th Annual Small Business Grants Program • Business Wire • 02/29/2024 02:00:00 PM
- FedEx Continues Pledge to HBCUs with Announcement of Third Student Ambassador Cohort • Business Wire • 02/21/2024 01:00:00 PM
- FedEx Corp. Board Declares Quarterly Dividend • Business Wire • 02/16/2024 02:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 09:28:03 PM
- FedEx delivers the Vince Lombardi Trophy to Las Vegas ahead of Super Bowl LVIII • Business Wire • 02/08/2024 04:42:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/29/2024 08:26:29 PM
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- FedEx Announces First-Of-Its-Kind Data-Driven Commerce Platform • Business Wire • 01/14/2024 02:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 11:46:59 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:16:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 09:32:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 09:54:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 09:53:31 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 09:51:22 PM
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