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FDX / FedEx readjusts air network again amid sharp volume declines

FedEx readjusts air network again amid sharp volume declines
FedEx will reduce flight hours by more than 10% and park more aircraft this quarter because of continued low demand for parcel and freight shipping, executives said Thursday. An 8% cut in aircraft utilization, sidelining nine cargo jets and downsizing to smaller aircraft on certain routes helped the integrated express logistics provider generate $1.2 billion in year-over-year savings during the 2023 fiscal third quarter. Read More
Posted: Mar 16 2023, 22:11
Author Name: FreightWaves
Views: 090347

FDX News  

FedEx (FDX) Increases Yet Falls Behind Market: What Investors Need to Know

By Zacks Investment Research
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FedEx (FDX) Increases Yet Falls Behind Market: What Investors Need to Know

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5 Top Dividend Growth Stocks to Buy Amid Market Volatility

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FedEx pilots union picks interim leader after rejecting tentative deal

By Reuters
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FedEx pilots union picks interim leader after rejecting tentative deal

The FedEx Master Executive Council, the governing body of the delivery firm's unit in the Air Line Pilots Association (ALPA), said on Monday it had el more_horizontal

FedEx (FDX) Ascends While Market Falls: Some Facts to Note

By Zacks Investment Research
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FedEx (FDX) Ascends While Market Falls: Some Facts to Note

In the latest trading session, FedEx (FDX) closed at $228.84, marking a +0.4% move from the previous day. more_horizontal

Here is What to Know Beyond Why FedEx Corporation (FDX) is a Trending Stock

By Zacks Investment Research
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Here is What to Know Beyond Why FedEx Corporation (FDX) is a Trending Stock

Zacks.com users have recently been watching FedEx (FDX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. more_horizontal

FedEx vs. UPS: What's the Better Buy?

By Zacks Investment Research
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FedEx vs. UPS: What's the Better Buy?

Earnings season has taken center stage this week, with a wide variety of companies delivering quarterly results. So far, the period has been positive, more_horizontal

Why Is FedEx (FDX) Down 7.1% Since Last Earnings Report?

By Zacks Investment Research
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Why Is FedEx (FDX) Down 7.1% Since Last Earnings Report?

FedEx (FDX) reported earnings 30 days ago. What's next for the stock? more_horizontal

Why FedEx (FDX) is a Top Value Stock for the Long-Term

By Zacks Investment Research
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Why FedEx (FDX) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. more_horizontal


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