Why FedEx Stock Delivered for Investors in March
FDXFedEx(FDX) The Motley Fool·2024-04-05 23:32

The company showed it is making the best of a bad macro situation. FedEx (FDX -0.95%) reported a solid quarter despite a difficult operating environment, and its shares were in the fast lane as a result. Shares of FedEx climbed 16.4% in March, according to data provided by S&P Global Market Intelligence, on signs that the company's streamlining plan is on track. Cost cutting saves the day It is a tough time to be a shipping company. A combination of higher costs and slowing demand due to concerns about the ...