StocksFedEx Raises Annual Guidance Despite Rising Fuel Costs and Geopolitical Risks
FedEx raised its sales and profit expectations for the current year despite rising fuel prices and geopolitical risks. FedEx shares rose following this positive report. Meanwhile, United Airlines announced it would cut more unprofitable flights due to high fuel prices stemming from the Iran war, with expectations that prices will remain above $100 until the end of 2027. Additionally, dry van spot rates have seen a significant increase, reaching their highest levels since 2022.
2258 articles8 stories
FDXIYT+1