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In fact, UPS is already suffering from this impact, as its higher-yield U.S. next-day air volumes are declining much more than its lower-yield ground revenue in 2024. U.S. Domestic Package Revenue ...
Transportation stocks in particular were taking it on the chin this morning: United Parcel Service (NYSE: UPS) stock is down 3.5% as I write this, Forward Air Corporation (NASDAQ: FWRD) is off 6.3 ...
FedEx lowered its full-year fiscal 2025 forecast, and now expects flat revenue compared to a prior forecast of a low single-digit increase. ... FedEx has a forward price-to-earnings ratio of just ...
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The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.
FedEx Ground, a subsidiary of the FedEx Corporation, is an American ground package delivery company headquartered in Moon Township, Pennsylvania, a suburb of Pittsburgh. The company began as Roadway Package System ( RPS ), founded in 1985 by transportation company Roadway Services Inc. , later renamed Caliber System.