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FedEx Falls as Rising Costs Cool Wall Street’s High Hopes Bloomberg 12/18/2020 Thomas Black (Bloomberg) FedEx Corp. failed to keep up with Wall Street’s soaring expectations as a jump in costs at the Ground unit crimped profit margins and spurred doubts about the extent of a bonanza from record package deliveries. The Ground unit, which carries most of the company’s U.S. e-commerce business, had margins of 7.5% in the fiscal second quarter, down from 11.8% in the previous quarter, FedEx said Thursday. The division’s higher spending on wages and purchased transportation dragged down FedEx’s overall margins from the previous three-month period, even as profit surged from last year.

New yorkUnited statesMike lenzHenry maierBloomberg fedex corpUnited parcel service incWall streetFedex groundBloomberg ground downWhile wall streetபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்மைக் லென்ஸ்ஹென்றி மேயையர்ப்ளூம்பெர்க் ஃபெடெக்ஸ் கார்ப்ஒன்றுபட்டது பார்சல் சேவை இன்க்