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0.000905349794238639 0.00106995884773659 -0.000438957475994426 -0.00123456790123454 -0.00529492455418383 -0.00790123456790122 -0.0114128943758573 -0.00882030178326468
Stock impact report

FedEx Freight reports hits to volume, revenue [Yahoo! Finance]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Yahoo! Finance
Dive Brief: FedEx's Freight segment faced shipment and revenue declines during its last fiscal quarter amid LTL market demand challenges, the company reported Thursday. Average daily shipments declined by roughly 6% year over year, pressuring revenue for the quarterly period ending Feb. 28, according to a securities filing . Revenue declined 5% to nearly $2 billion YoY. Nevertheless, the segment achieved sequential increases in both revenue per shipment and contractual price increases as it prioritizes revenue quality amid LTL market challenges, EVP and Chief Customer Officer Brie Carere said on an earnings call Dive Insight: FedEx Freight, which is set to become a standalone company June 1, cited setbacks in macroeconomic conditions for the YoY decreases in shipments and revenue. Such conditions included "continued weak industrial production, global trade policy uncertainty, and excess capacity in the LTL industry," according to the filing. Other LTL carriers recently re Show less Read more
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