FedEx is shipping more packages and charging more than ever to do it. FedEx announced its fiscal revenue was up 7.9% at $65.5 billion over FY 2017, and revenue was up 9.1% at $17.3 billion for the fourth quarter. It was another record earnings report, a year-by-year trend we’re getting used to.
UPS aims to strengthen retailer relationships while Amazon has reportedly been banning shoppers for making too many returns. FedEx is betting Blockchain will create a transparent, secure, and streamlined logistics industry.
UPS released its 2017 Q4 earnings, beating Wall Street’s expectations by $.01 per share while in negotiations with the Teamsters Labor Union who wants to prevent them from using drones and driverless vehicles like recently introduced Nuro.
When FedEx announced last week its across-the-board earnings increases for the fourth quarter and another record fiscal year, one pattern emerged: revenue increased primarily due to increased package volume and higher base rates.
In its fiscal third quarter earnings report released March 21, FedEx announced record volume during its post-Thanksgiving peak. The quarter, which closed Feb. 28 and included December and January, encompassed most of that peak holiday season.
When you think of the biggest shopping day of the year, your first thought might be Black Friday. That’s understandable—over the years, it’s become synonymous with the idea of deep sales and the commencement of the holiday shopping season.