MAAT INDEX

CLAIM #24607 · FDX (FDX) · 2024Q2 earnings call · Dec 19, 2023 · due May 31, 2024

Moving forward, we do anticipate that fuel overall will be a headwind for the year.

Brie Carere · Chief Customer Officer

PENDING
graded after results covering May 31, 2024 are reported

In context

with the second one first. We are seeing, yes, a very disciplined freight market and I will say, I think we're leading in disciplined freight. If you look at the volume that we took during the summer, we really like what we got. We actually were quite surprised that we found some really high-yielding customers and those customers have been very vocal about the great service that FedEx Freight is delivering, and so market is rational, we're delivering a great service. Lance and the team have just done an outstanding job. And so, we continue to be very optimistic about the margin profile in the future of FedEx Freight. I have to admit I forgot the first half of the question. Brie Carere: Thank you. So, yes, fuel was a headwind, obviously, at the top-line and the bottom-line in the quarter. Moving forward, we do anticipate that fuel overall will be a headwind for the year. Operator: The next question will come from Jordan Alliger with Goldman Sachs. Please go ahead. Jordan Alliger: Yes, hi. I just had a question more on the macro. Is it your expectation that there is not going to be any macro improvement for the balance of this fiscal year or maybe even for all of calendar 2024? I mean, there has been a lot of destocking, online sales weren't too bad, and some would say, consumer spend might be pretty good next year. So, just sort of curious, your thoughts or color on the macro expectations that you've thought through in terms of your numbers. Thanks. Raj Subramaniam: Yes. Thank you, Jordan. I think on the macro, we have been pretty consistent over the last few quarters about some of the -- two or three things. One is that the industrial production around t

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SEC filings for FDX · Claim quote is verbatim from the 2024Q2 earnings call.