Thomas Black is a Bloomberg Opinion columnist writing about the industrial and transportation sectors. He was previously a Bloomberg News reporter covering logistics, manufacturing and private ...
FedEx’s FDX top line fell 3% year over year in its fiscal second quarter, driven by ongoing declines in package volume and yield at Express, as well as a soft demand backdrop for Freight’s ...
Demand and price were strong in most segments, but particularly in Ground, which increased average volume 5% and expanded yield 4%. Robust revenue makes margin compression all the more unexpected.
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