Under the Radar: FedEx on air cargo demand post-pandemic; FedEx’s Q4 earnings and guidance; On IATA’s data showing global air cargo down 6.6% yoy in April; Whether demand is shifting to maritime shipping players; Removing 29 aircraft from fleet; Adding small feeder aircrafts to enhance flexibility

Your Way Home with Hongbin Jeong · Jul 3, 2023 · 20m

Today we’re going to talk about one of the world’s largest express transportation companies. Our guest for today is from FedEx, a company that was founded by Frederick W Smith as the Federal Express Corporation in 1971. And here’s a fun fact about the company’s name.The word “federal” suggested an interest in nationwide economic activity in the US and was meant to resonate with the US Federal Reserve Bank, which is a potential customer for the logistics player. But back to FedEx’s business, the firm recently reported fourth quarter earnings of US$4.94 per share, better than the analyst…