Tag Archives: Transport

A warning from FedEx

FedEx plummeted more than 20% on Friday, and it was the worst day ever for the stock, based on data going back to 1978, according to Dow Jones Market Data. I repeat the worst day for the stock since 1978!

The real reason for the drop is the demand for freight which dropped significantly. It isn`t funny to be a CEO when you know that your company has lost $11 billion in market value, but that`s a fact.

The company will take some essential steps to fix some of the problems. They will cut some costs. Cut worker’s hours. Park some aircraft, and close more than 90 FedEx Office locations.

CEO Raj Subramaniam isn`t optimistic about the economy and claims we will see a recession very soon. But he is not alone in saying so. The chief executive officer of McDonald`s Corp. said earlier this week he expects a minor US recession in 2023 and a more significant one in Europe.

Earnings from FedEx were worse than expected. Earnings came in at $3,44 a share, which is well short of the $5,10 average estimate of analysts. Revenue of $23,2 billion ended in August missed expectations. FedEx is trading at $161,02 on Friday.

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Amazon revealed its new drone while online shopping is increasing

We can see a clear picture here. The busiest day of the year, Black Friday is declining while online retailers see sales are jumping. Black Friday sales fall nearly 11% from last year. How is it gonna be today; on Cyber Monday?

Some shops starts the sale the day before Black Friday and that can be a reason, but if you look at Thanksgiving, it also dropped this year by nearly 11%. Other retailers are offering bargains long before Thanksgiving and that can be another reason to the decline.

The biggest reason I think, is the increased online shopping which jumped 14,3% on Friday from last year. Many people doesn`t want to participate in the wild shopping crowds and prefer rather to shop online than in stores.

It`s Cyber Monday today and the term was created by marketing companies to persuade people to shop online. I wrote about both Black Friday and Cyber Monday in 2013, but nobody knew what it was. Now, many knows what Black Friday is but still today no one know what Cyber Monday is.

It`s probably to early for people in Europe. Cyber Monday made its debut on November 28, 2005, and quickly became one of the biggest online shopping days of the year. The trend is driving serious online discounts and promotions on Cyber Monday.

Thanksgiving, Black Friday and Cyber Monday means busy days for Amazon that revealed the latest prototype of drones.

 

 

Amazon are planning to deliver packages in under 30 minutes. The new drones weigh 55 pounds and can deliver packages weighing up to 5 pounds. Amazon has many prototypes, and they are ready to launch the service once the company has the ┬źregulatory support.┬╗

Google revealed that it wants to launch a drone service in 2017, while Walmart said they are now starting drone testing.

What about FedEx, UPS and DHL?

 

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. UA-63539824-1.

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