The world’s second biggest package-shipper brought in $60 billion in revenue last year. Much like rivals UPS and Amazon, FedEx has benefited from the continued rise of e-commerce. The company boosted sales by 20% over the year prior–causing it to leap eight spots on this year’s Fortune 500 list. Regulatory winds could help too. President Trump has made no secret of his belief that the Postal Service offers parcel rates to Amazon that are too cheap. If the commander-in-chief forces price hikes, the move could open the door for FedEx to raise its prices too.
Looking for leads, investment insights, or competitive intelligence?
News about FedEx
Who says the hype around Bitcoin is over?
The facility was supposed to employ 400 workers.
In an effort to bring more people to visit Walmart stores.
Must-read business news, delivered every morning.