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FedEx leadership change and earnings overview
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In this episode of “On Air with Air Cargo World,” Editor Caryn Livingston speaks with Cathy Morrow Roberson, founder of Logistics Trends & Insights and Air Cargo World columnist, about the most recent earnings results from FedEx, UPS and other logistics companies, as well as this week’s announcement of the departure of Fred Smith as FedEx’s CEO.
High airfreight rates once again supported revenues for express and airfreight during the most recent quarter, but headwinds are emerging with the Ukraine-Russia war and another spike in fuel prices. Meanwhile, the cyberattack that affected freight forwarder Expeditors in February is another warning to logistics providers of the threat, and the need to prioritize cybersecurity and plan for those attacks that can’t be prevented.
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