{"id":14993,"date":"2023-09-21T06:42:26","date_gmt":"2023-09-21T06:42:26","guid":{"rendered":"https:\/\/prosfunds.com\/investing\/fedex-cites-upside-from-ups-labor-negotiations-and-yellows-bankruptcy\/"},"modified":"2023-09-21T06:42:27","modified_gmt":"2023-09-21T06:42:27","slug":"fedex-cites-upside-from-ups-labor-negotiations-and-yellows-bankruptcy","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=14993","title":{"rendered":"FedEx cites ‘upside’ from UPS labor negotiations and Yellow’s bankruptcy"},"content":{"rendered":"
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Shares of FedEx Corp. rallied after hours on Wednesday after the package deliverer raised its full-year profit outlook, as efforts to cut billions in costs \u2014 and disruptions at some of its main rivals \u2014 helped quarterly results despite continued weaker shipping demand that weighed on sales. <\/p>\n

Executives, during FedEx\u2019s FDX earnings call, said the company had gained \u201cupside\u201d from sometimes-tense negotiations between archrival United Parcel Service Inc. and the Teamsters union earlier this year and the bankruptcy filing of trucking…\n <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of FedEx Corp. rallied after hours on Wednesday after the package deliverer raised its full-year profit outlook, as efforts to cut billions in costs \u2014 and disruptions at some of its main rivals \u2014 helped quarterly results despite continued weaker shipping demand that weighed on sales. Executives, during FedEx\u2019s FDX earnings call, said the […]<\/p>\n","protected":false},"author":1,"featured_media":14994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-14993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nFedEx cites 'upside' from UPS labor negotiations and Yellow's bankruptcy | Prosfunds<\/title>\n<meta name=\"description\" content=\"Shares of FedEx Corp. rallied after hours on Wednesday after the package deliverer raised its full-year profit outlook, as efforts to cut billions in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=14993\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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