FedEx earnings: How the UPS labor fight may boost results

📆 18/09/2023 04:54 p. m.
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FedEx (FDX) is set to report its fiscal first quarter earnings after the market close on Wednesday. Citi Research Global Head of Transportation Chris Wetherbee says he expects the shipping giant to report 'decent' results given its 'challenged' fiscal 2023. FedEx’s Express segment “needs the most help” according to Wetherbee, but their ground and freight have been 'steady performers.' FedEx will benefit this quarter, Wetherbee says, due to “a degree of market share” moving from UPS (UPS) during its negotiations with the Teamsters and Yellow's (YELLQ) bankruptcy.

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Reisman had served as chief executive until last year, when Ruis took over, and retired from the Indigo board last month. As part of her return to the company, Reisman was also reappointed to the board. The retailer also announced that Craig Loudon, Indigo's chief financial of -- Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake, raising year-end targets for the S&P 500 Index.

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