Lates News

The company expects profits for this quarter to improve compared to the same period last year, easing investors' concerns about poor holiday season performance and trade policy fluctuations. FedEx's chief financial officer John Diebold told investors at an industry conference on Tuesday that adjusted earnings per share for the second fiscal quarter ending November would exceed last year's figure of $4.05. This news boosted FedEx's stock price by 5.3% as of 1:38 pm in New York. Its competitor UPS also saw an increase in their stock price. Previously, the outlook for FedEx and UPS was quite pessimistic. As the peak shipping season approaches, the parcel delivery industry has been facing dual challenges of demand uncertainty and rising costs due to President Trump's tariff policies. Additionally, following a fatal crash of a UPS cargo plane last week resulting in the grounding of its MD-11 aircraft, FedEx and UPS are expected to face business disruptions and increased costs.