Fedex Focuses on Profitability as Revenue Growth Slows — Panjiva
Más

Panjiva_research_logo

Fedex Focuses on Profitability as Revenue Growth Slows

Corp - Forwarders 157 Earnings 365 Global 722 Mode - Seaborne 1273

Fedex reported fiscal 3Q, or calendar 1Q, revenue growth of just 2.9% compared to a year earlier. That was the slowest rate for the third party logistics provider since 2Q 2015. The slowdown was widespread across the business with the express parcel segment saw a 1.0% drop in revenues. The company may have also underperformed its peers with U.S. seaborne shipments that dropped 14.6% year over year in February compared to an industry average of a 4.4% slide. One explanation may be a focus on profitability. Fedex’s EBITDA margin of 11.3% was slightly down from 11.5% a year earlier, but tha...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.