The shipping giant warned of a $500 million revenue shortfall ahead of its quarterly financial results next week, hitting its stock price hard.
除了空運當然我們也有專業部門”168美国靠谱的运车公司”想了解點這裡喔!
FedEx said in a statement on Thursday that it expected to report that its profit shrank in the latest quarter, a decrease the shipping giant attributed to a broader slowdown of the global economy, sending the company’s stock price sharply lower.
In a preliminary financial statement for the quarter, which ended Aug. 31, FedEx said the profit it generated, $1.19 billion, was down 15 percent compared with the same period last year. The company also withdrew its earnings forecast for the year, a sign of further volatility in the shipping industry.
Factors affecting FedEx’s business included “macroeconomic weakness in Asia and service challenges in Europe,” the company said in the statement. Among the potential risks to future business, FedEx cited the war in Ukraine and the continuing effects of the coronavirus pandemic.
“We are swiftly addressing these headwinds, but given the speed at which conditions shifted, first-quarter results are below our expectations,” Raj Subramaniam, FedEx’s chief executive, said in a statement. The company did not immediately respond to requests for comment.
To counteract the slowdown, FedEx said it would cut back on flights, reduce its Sunday operations at some locations, freeze hiring and close more than 90 locations. FedEx also said it would eliminate five corporate offices, part of a broader review of its real estate holdings.
As an economic bellwether, FedEx’s troubles are a gloomy sign for the U.S. economy, which has sent mixed signals to analysts trying to diagnose its health. Inflation remains high, and job growth has slowed, but demand for workers continues to be strong amid increased consumer spending in sectors including travel and restaurants. Supply chains have been particularly sluggish, as the shipping industry grapples with ripple effects from the pandemic.
FedEx said it expected business conditions to worsen for its next quarter. As a result, the company said it would cut its capital spending for this year by about $500 million from its earlier projections.
FedEx’s stock price fell 22 percent in trading on Friday. The company’s rivals in the shipping industry were also dragged down, with UPS falling nearly 5 percent. Shares in Deutsche Post in Frankfurt and Royal Mail in London also tumbled.
FedEx Corp. announced late Thursday a 6.9% general rate increase (GRI) for 2023, the largest year-over-year increase in its history.
The increase will apply to all FedEx (NYSE: FDX) services except for its less-than-truckload service, FedEx Freight. Increases there will range between 6.9% and 7.9%, depending on the customer’s transportation rate scale, the company said.
Typically, FedEx raises its annual tariff rates between 4.9% and 5.9%. Analysts were expecting a 2023 GRI increase of 6% or more to offset the impact of cost inflation.
On one level, GRIs, which apply to noncontract shipments, are symbolic because virtually all parcel deliveries move under contract. However, the level of contract rate increases, and the discounts granted from those increases, are pegged to actions that parcel carriers take with their GRIs. As a result, GRIs are a key barometer on what rates and discounts that shippers can expect in their contracts.
Along with the GRI increase, FedEx said it plans to save between $2.2 billion and $2.7 billion during the current 2023 fiscal year through cost reductions at its FedEx Express air and international unit and its FedEx Ground U.S. delivery unit. The company said it would reduce the number of FedEx Express flights and temporarily park an undetermined number of aircraft. Those moves will save between $1.5 billion and $1.7 billion, the company said.
FedEx said it will save $300 million to $500 million at its FedEx Ground unit by closing certain sortation operations and suspending some Sunday delivery operations. It did not shutter virtually all of its costly Sunday delivery network as some have advised.
In addition, FedEx plans to cut $4 billion of costs by fiscal 2025, which starts June 1, 2024. The company said it will stick with its plan, announced in late June, to realign its network and end the siloed operations among its three business units.
The company also officially published its fiscal first-quarter results, which were a de facto formality in light of its pre-announcement last Thursday of a 69% year-over-year decline in operating income at FedEx Express.
FedEx blamed the massive drop at the unit on sudden weakness in trans-Pacific air volumes that hit in the final weeks of the quarter. Cost measures lagged the declines in volume, and operating expenses remained high relative to demand, the company said.
The stunning pre-announcement caught everyone by surprise and sent FedEx shares down more than $40 a share during last Friday’s trading.
聯邦快遞股價在美股16日早盤崩跌逾23%，聯邦快遞前日撤回6月發布的全年財測，指出因為全球經濟大幅惡化，國際貨運需求可能比預期弱，將採取行動縮減成本費用。海運空運股票通常被視為全球經濟風向指標，因此可能衝擊投資人信心，加劇美股賣壓。
聯邦快遞暴跌21.44%，創下史上最大單日跌幅。這家國際貨運公司之前撤回全年財測，表示將實施削減成本的舉措，調降空運及海運費用，以應對全球經濟「明顯惡化」的疲軟全球快遞量，聯邦快遞點名亞洲特別是中國經濟疲軟是其負面前景的主要原因之一。航運競爭對手UPS和XPO Logistics分別下跌4.52%和4.67%，亞馬遜下跌2.18%。
13日發布的通膨報告超出預期，引發人們對聯準會(Fed)將被迫引發經濟衰退以冷卻物價的擔憂。讓道指下跌逾1200點。
eToro美國投資分析師考克斯說，「現在人們對全球經濟如何影響美國經濟感到非常緊張，而美國經濟還在面對自己的一系列非常嚴重的問題。我認為這種動態是人們已經意識到的。」
三大股指5周來第4周下跌，反彈看來越來越像熊市反彈。道指本周下跌4.1%。史指下跌4.8%，那指下跌5.5%，為6月以來最糟糕單周。
本周喜憂參半的經濟數據、炙手可熱的通膨數據和聯邦快遞的警告，讓「滯脹」的可怕景象重新回到人們眼前。這個術語通常指的是1970年代，當時美國經濟在大部分時間裡都承受低成長和持續高通膨的困擾。
然而，高盛仍然認為「軟著陸」是可能的。策略師赫西(Chris Hussey)寫道，即使今年年初GDP為負值，經濟還未停滯不前，「在聯邦快遞示警全球快遞量下降的同一個8月，美國新增淨非農就業崗位31.5萬個，失業率僅上升20個基點，仍處於超低的3.7%。重要的是，工資通膨仍然很高，但較7月的確有所放緩。美國勞動市場並沒有表現出很多『滯脹』跡象。」
高盛利率策略師則預計美國10年期國債殖利率將在2023年底達到4%的峰值，2年期國債殖利率將在第2季達到4.3%。
16日，指標10年期國債殖利率下跌至3.44%。2年期國債殖利率報3.85%，早盤曾升至3.9%以上。
高盛策略師之前預計今年10年期殖利率為3.3%，但由於對Fed升息的預期較高，將這項預測更改為3.75%。
策略師在報告中表示，他們預計曲線的前端將引領殖利率走高，而所謂的曲線「扁平化」也已到極點。當2年期國債殖利率高於10年期國債殖利率時，殖利率曲線倒掛。
聯邦快遞對其業務的警告可能只是未來幾個月公司和華爾街分析師調降獲利預期的眾多跡象之一。
隨著今年夏天對經濟衰退的擔憂開始升溫，許多投資組合經理人和策略師預測，2023年的預期獲利成長將被證明過高。
即使預期獲利數字最近幾個月緩慢下滑，但仍顯示出比經濟衰退可能支持的成長更多，代表可能會進行一些大幅削減。
紐約梅隆銀行投資管理公司資深投資策略師喬利(Jake Jolly)表示，「獲利調整往往會落後。市場會在下修之前就做出反應。因此，某些疲軟，如果繼續下去，就會真的開始消化那些即將下修的情況。」
本周市場全線掙扎，但並非所有股票都受到同等打擊。
在史指中，Adobe和聯邦快遞分別下跌25%和23%左右。Nucor、Eastman Chemical和國際紙業躋身本周表現最差的前5名，每家均下跌約16%，遠遠超過該指數3.8%的當周跌幅。
波音和道氏化學本周下跌近9%，成為道指中跌幅最大的公司，為道指本周跌幅4.7%的2倍。Home Depot、霍尼韋爾和微軟緊隨其後，本周下跌約8%。
全球景氣榮枯指標業者聯邦快遞（FedEx）與國泰航空（Cathay Pacific）相繼示警空運快遞及貨運生意減緩，指向消費者需求可能比預期弱，使年底假期購物季展望蒙陰影，更可能是全球經濟前景不妙的信號。聯邦快遞15日撤回6月發布的全年財測，當時該公司以利潤率和營運效率提升為由，樂觀看待前景；但之後察覺包裹運量隨網購降溫而下滑，全球需求更從8月底開始加速減緩，看來9至11月的年度第2季情況會惡化。該公司表示，將採取行動縮減成本，包括凍結招聘、關閉90個辦公室據點、部分貨機停飛。聯邦快遞預定22日公布6至8月季報。
聯邦快遞股價在美股16日早盤暴跌23%，跌幅創40年來最深，市值蒸發逾110億美元，美股大盤也受拖累，紐約三大指數開低走低，早盤跌約1%。
6月才接任聯邦快遞執行長的蘇布拉瑪尼亞（Raj Subramaniam）表示，上季末期間由於總體經濟趨勢大幅惡化，不論是國際或美國，全球的運量均下滑。他接受CNBC訪問時更說，他相信全球經濟即將步入衰退。
SJ諮詢公司總裁金德爾說：「民眾減少購物，花更多錢搭機旅遊和享受其他體驗…年底前貨運量要補回來會很困難。」他認為，在即將來臨的貨運尖鋒期，平均每日包裹運量不可能超越去年的水準。
摩根大通分析師團隊在報告中寫道：「缺乏中國解封掀起的『貨運浪潮』，對貨運需求將是利空訊號。而聯邦快遞作為亞太地區空運的領導者，顯然首當其衝。」摩根大通因此調降聯邦快遞股票投資評等，從「加碼」降為「中立」，且展望為負向。
耶誕假期通常對空運和海運業者是生意繁忙的季節，忙著把新上市的智慧手機、玩具和衣飾從亞洲工廠運往歐美市場。然而，諸如好市多、梅西百貨等西方零售商卻發現，貨架上滯銷品氾濫成災，可見他們上半年錯估了需求，日後對補貨的評估會轉趨謹慎。
近來需求下滑警訊頻傳。香港國泰航空稍早也警告，今年貨運旺季尖鋒期運量可能比去年弱，因為受通膨和中國大陸「清零」防疫政策衝擊。法國達飛海運集團也表示，消費者支出疲軟，導致海運需求和費率降低，海運及空運費用大幅下降，造成各大貨運公司面臨虧損境界，更多有關國際運費計算方式及海運空運價格怎麼算請參閱這篇文章。