Fedex Profitability Decline Bodes Ill For Forwarders’ First Quarter — Panjiva
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Fedex Profitability Decline Bodes Ill For Forwarders’ First Quarter

Corp - Forwarders 347 Earnings 759 Global 1391

Freight forwarder Fedex has delivered fiscal 3Q (to 2/28) revenues that climbed 10% on a year earlier and were 2% better than expected. That may be due to a surge in revenues in the freight segment after the fastest growth in volumes in six quarters. It is a potentially positive sign for forwarder sector revenues broadly, which analysts expect to rise by 11% for the calendar 1Q according to S&P Global Capital IQ data. Yet, the main challenge for the forwarders’ in the prior quarter was a failure to maintain profitability in the face of aggressive price competition. In that regard Fedex’s...

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