FedEx Corporation (NYSE:FDX) Baird Global Industrial Conference November 12, 2024 Industry/Company * **Industry**: Transportation and logistics * **Company**: FedEx Corporation (NYSE:FDX) Core Points and Arguments 1. **DRIVE Program**: FedEx's DRIVE program aims to achieve $2.2 billion in savings by fiscal year 2025, following $1.8 billion in savings in fiscal year 2024. The program focuses on cost-cutting initiatives and operational improvements across the company. 2. **Network 2.0**: This initiative involves optimizing the company's network by improving facilities, personnel, and technology. It is expected to be completed by the end of fiscal year 2027. 3. **Peak Season Preparedness**: FedEx is well-prepared for the peak season, with adequate staffing and capacity to meet customer demand. 4. **Tariffs and Taxes**: FedEx supports free trade and is prepared to adapt to any changes in tariffs or taxes. The company has a strong presence in 220 countries and can adapt to changes in demand. 5. **Pricing Strategy**: FedEx has implemented peak pricing surcharges and is encouraged by its ability to pass along costs to customers. The pricing environment remains rational and competitive. 6. **Postal Service Contract Expiration**: FedEx is prepared for the expiration of its Postal Service contract, which will result in a loss of revenue. The company has taken immediate action to mitigate the impact and is working to adapt its network to the change. 7. **Product Mix Shift**: FedEx has seen a shift in product mix towards deferred services, which has put pressure on earnings and margins. The company is focused on improving yields and managing costs. 8. **European Operations**: FedEx is working to improve profitability in Europe through service improvements and operational efficiencies. The company has implemented new leadership and is focused on improving service quality. 9. **Tricolor Program**: This program involves redesigning the company's network to optimize asset utilization and improve efficiency. It includes three networks: purple (Express), white (e-commerce deferred), and orange (priority freight). 10. **Freight Business**: FedEx is conducting a strategic review of its freight business and expects to announce the outcome by the end of the year. 11. **Capital Allocation**: FedEx is focused on investing capital in areas with the highest return on invested capital (ROIC), such as network modernization and hub modernization. The company has reduced capital expenditures and is committed to returning capital to shareholders through share repurchases and dividends. Other Important Points * FedEx has implemented a One FedEx structure, bringing together its Ground and Express companies to create more opportunities for collaboration and efficiency. * The company has a strong focus on talent development and cross-functional collaboration. * FedEx is committed to improving its environmental sustainability and has set ambitious goals for reducing emissions and waste.

In the latest market close, FedEx (FDX) reached $271.18, with a -1.16% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 0.33%.The package delivery company's shares have seen an increase of 5.18% over the last month, surpassing the Transportation sector's loss of 1.78% and the S&P 500's gain of 0.41%.Market participants will be closely following the financial results of FedEx in its upcom ...

FedEx (FDX) closed the latest trading day at $275.04, indicating a -0.15% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.16%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.78%.The the stock of package delivery company has risen by 0.65% in the past month, leading the Transportation sector's loss of 2.01% and undershooting the S&P 500's gain of 1.67%.Analysts and investors alike will be keeping a close eye ...

Roughly a month ago, FedEx Corporation (NYSE: FDX ) released its earnings report for the first quarter of 2025, and, well, it didn't exactly light up the scoreboard—earnings per share fell $1.17 short of expectations, and revenue missed forecasts by a rather hefty $335.85 million. This The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing ...

Oil prices are on the lower end of the curve in today’s cycle. Still, plenty of tailwinds are set up to potentially bring a new rally for the commodity. Demand has been lackluster lately, and supply isn’t moving the way markets want it to move in order to bring a new rally or oil. But there’s a reason why America’s favorite investor has been buying heavily into oil lately.Over the next quarter or two, the new business cycle could help investors looking into the energy sector make a profit. However, there ar ...

Scanning barcode on delivery parcel.gettyI know it goes without saying that we’ve all loved watching our dividend stocks skyrocket this year. But October—as always, it seems—has amped-up the volatility.The end of the year looks choppy, with a widening war in the Middle East and a contentious (to say the least!) election on tap here at home.That makes now the time to sell any flawed dividends you may hold “on the rip.” We’ll break down one of these losers below. It’s the kind of stock that’s gone nowhere for ...

While the stock market often rewards those who follow the crowd, there's a breed of investor who thrives on going against the grain. These are the contrarians, investors who seek opportunity in the assets others are discarding, believing that market pessimism has created a gap between price and value. This strategy requires an eye for undervalued fundamentals, unwavering patience, and the emotional fortitude to withstand the short-term volatility that often accompanies contrarian plays. Get stock market new ...

FedEx Corporation (FDX) shares are one of the cheaper stocks in the broader Zacks Transportation - Air Freight and Cargo industry with a Value Score of A. FDX stock is trading at a discount with a forward 12-month P/E of 12.7X compared with the industry’s 14.3X. Image Source: Zacks Investment ResearchFDX is cheaper than its rival, United Parcel Service (UPS) , and another industry player, Air Transport Services Group (ATSG) . FDX’s cheap valuation is attractive for investors. However, is it worth buying at ...

Memphis, Tennessee, Oct. 07, 2024 (GLOBE NEWSWIRE) -- The National Civil Rights Museum’s Freedom Award Student Forum is a celebration for and by young trailblazers. Presented by FedEx, this year’s hybrid event is open to school groups nationally as an opportunity for students to be inspired by the purpose-driven lives of Freedom Award honorees. The Student Forum is held October 17, 2024, at the FedEx Forum, 10:30 a.m. Central. The  Freedom Award Student Forum will feature its distinguished Freedom Award hon ...

The best traders understand that certain price levels in the financial markets are more important than others. They also know how to identify them. These are called support levels and resistance levels.An important dynamic of the markets is how price levels that had been support can convert into resistance, and how price levels that had been resistance can convert into support. The chart of FedEx Corporation FDX shows clear examples of this. This is why it is our Stock of the Day.As you can see, the $289 le ...