FedEx Freight Braces for Continued Volume and Margin Pressures Through August

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Written By Jennifer Joslyn

📦 FedEx Freight Braces for Continued Volume and Margin Pressures Through August.

FedEx Freight is anticipating continued challenges in volume levels and profit margins in the next quarter, despite implementing cost-cutting measures. The largest impact on profit margins is expected in the first quarter, ending on August 31, which will have an impact on the less-than-truckload (LTL) segment for the remainder of the fiscal year. While volume declines are expected to moderate in FedEx's Express and Ground operating companies, the LTL unit is facing a different situation. In the quarter ending on May 31, FedEx Freight experienced an 18% year-over-year decrease in both revenue and average daily shipments.

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Jennifer Joslyn
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