FedEx Freight Forecasts Stronger Holiday Earnings
FedEx Freight projected holiday quarter earnings above estimates following strong quarterly profit and revenue. The company cited improving shipping volumes and better pricing as key growth drivers.
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FEDEX CORP freight forecast holiday-quarter earnings above estimates on Thursday, driven by improving volumes and pricing gains. The logistics firm reported September-quarter revenue rose 8% to $2.44 billion, topping the $2.37 billion consensus. Shippers faced rising costs across the United States, where freight rates hit their highest level since 2021.
