Fedex CFO Said Freight Margins Will Be Down For The Year, And Will Be Most Pronounced In Q1 - Conf Call
Portfolio Pulse from Charles Gross
FedEx CFO announced during a conference call that freight margins will be down for the year, with the most significant decline expected in Q1.
June 20, 2023 | 10:05 pm
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FedEx's freight margins are expected to be down for the year, with the most pronounced decline in Q1, according to the company's CFO.
The announcement by FedEx's CFO about lower freight margins for the year, particularly in Q1, is likely to negatively impact the company's stock price in the short term as it indicates reduced profitability.
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RELEVANCE 100