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Logistics provider FedEx reported FQ4’21 (to May 31) revenues which climbed by 30.0% year over year. The comparator period includes the depths of the disruptions caused by the pandemic. Adjusting for that, the total weight of shipments handled by its Freight division declined by 4.0% ... Read more →
FedEx reported FQ3’21 revenue growth of 23.0% year over year, outstripping analysts’ estimates as a result of a 37% jump in Ground deliveries linked to e-commerce during the pandemic. The Freight division grew more slowly with 5.6% revenue growth including a 3.4% rise in shipmen... Read more →
FedEx reported FQ’21 (to Nov. 30) revenues which increased by 18.7% year over year as a result of the expansion of e-commerce in the wake of the pandemic. Improved industrial supply chain activity also helped, leading CMO Brie Carere to note an improvement in the latter should continu... Read more →
FedEx, Dell and Switch have partnered to build a series of datacenters in the U.S. to provide low-latency edge computing networks. FedEx is the first customer and will provide real estate. Data from 451 Research shows 62% of firms are processing Internet of Things data at an edge location c... Read more →
FedEx reported a 13.3% year over year expansion in fiscal Q1’21 revenues as a result of the e-commerce boom driven by COVID-19. Not all business lines gained though with freight volumes down by 8.3%, marking the fifth straight decline and perhaps intensified competition in the freight... Read more →
FedEx reported fiscal Q4 revenues which fell by 2.5% year over year. That included a bifurcation between e-commerce exposed package delivery which rose by 20.2% while industrially-exposed freight fell by 17.4% due to COVID-19. Freight handling dropped by 19.2% year over year in FQ4, to May ... Read more →
As the COVID-19 pandemic appears to start to wane and industrial economies reopen, our readers’ attention is starting to turn towards the next challenges facing global supply chains. Based on the most-read Panjiva Research last month, the focus has turned to the prospects of a renewed... Read more →
Expeditors International has acquired digital freight forwarding platform Fleet Logistics. Strategically that may help it compete with FedEx, which recently announced a venture with Microsoft, as well as digital-native forwarder Flexport. Expeditors has underperformed its peers on U.S.-seab... Read more →
FedEx and Microsoft have announced a joint venture to offer data analytics solutions over the Azure system to FedEx’s freight customers. The freight forwarding sector faces disruption from technology driven competitors including both Amazon, which provides services to its market place... Read more →
Rhetoric between China and the U.S. is worsening. The Chinese government has threatened to put an “unreliable entities list” in place to target companies that “fail to comply with market rules, deviate from the spirit of the contract” and other criteria. The list may... Read more →
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