FedEx raises rural delivery fees amid intensifying parcel competition
Analysts say ZIP‑code reclassifications reflect the carrier’s effort to boost margins as UPS, Amazon and others battle for volume.
There are 7 article(s) tagged Cathy Roberson:
Analysts say ZIP‑code reclassifications reflect the carrier’s effort to boost margins as UPS, Amazon and others battle for volume.
After Amazon announced its expansion of its logistics services, experts said the market might have overreacted. FedEx, UPS, DHL and the other Memphis logistics companies bet on resilience.
FedEx’s decision to sue the federal government for tariff refunds in an attempt to recoup hundreds of millions of dollars is no surprise, some former employees and experts said.
Analysts say FedEx Freight, worth $30 billion, should be traded against its peers, not locked up inside.
It signs on to carry undisclosed volume of residential delivery, in multi-year contract.
After Memphis-based FedEx shocked investors and said global trends had weakened profit and revenue, the company’s primary competitor still managed to beat financial analysts’ expectations. But how?
News from FedEx has left some wondering what the company’s cost-cutting measures could mean in Memphis. FedEx, the city’s largest employer, has around 30,000 employees here. Related story: FedEx closing offices, deferring hiring, reducing flights after weak quarter
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