Supply Chain Research

Freight forwarder Fedex reported 10% revenue growth in its fiscal 4Q (to May 30) which was ahead of the 12% expected by analysts for the forwarder sector for the June quarter. Fedex’s improvement included a 16% rise in freight revenues which in turn was driven by an 8% increase in revenues per shipment. The latter was likely due to improved market share discipline – its U.S. seaborne imports fell 2% in the quarter vs. a 3% rise for the sector. Yet, that was not enough to offset a 0.5% point drop in its EBITDA margin on a year earlier, a fate analysts also forecast for the rest of the sec...