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—and it jumped up 25 spots on this year’s Global 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.
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"Most of the issues that we are dealing with today are induced by bad political choices," FedEx's CEO said.
Smith said U.S. trade tariffs, China’s “mercantilism,” and Brexit are all contributing to the slowdown.
Each of the vehicles will save thousands of gallons of fuel annually.
FedEx plans to raise shipping prices by 4.9% in January.