MAAT INDEX

CLAIM #24794 · FDX (FDX) · 2025Q2 earnings call · Dec 19, 2024 · due May 31, 2025

For FedEx Freight from a revenue perspective and then from an international, actually, what we think we'll see in the back half is that total volume will look a lot like the first half with actually some slight softening in Asia.

Brie Carere · Chief Customer Officer

PENDING
graded after results covering May 31, 2025 are reported

In context

ter Cyber Monday, it was a very strong week, and we are from a December perspective, pleased volumes are running ahead of forecast. And as I mentioned, our peak surcharge capture from an absolute dollar amount will be up year-over-year. So we do think that December is going to be a very strong month. That being said, I do want to talk about our top line outlook for the back half of the year because we do not necessarily believe that the December performance is going to carry through in the back half. So as we're thinking about the back half top line outlook, we're looking at some improvement. I think you're going to see that improvement come in the form of domestic volumes, in particular, a ground. We think that, that will improve in the back half. We do anticipate that Q2 was the trough. For FedEx Freight from a revenue perspective and then from an international, actually, what we think we'll see in the back half is that total volume will look a lot like the first half with actually some slight softening in Asia. So we're very pleased with December. The execution is going to be great. The capture is going to be great, but we're not yet thinking that this is a signal of more to come in the back half. Operator: Next question will come from Ari Rosa with Citigroup. Ari Rosa: Congratulations on the strategic move here. Raj, I'm just curious to hear you talk a little bit about kind of how you see the separation playing out? Just if you could talk about what are the things that kind of need to be done to ensure a smooth transition? And then also, what are your thoughts on kind of the risk of customer attrition as you separate out the two businesses and just kind of ensuring that customers aren't confused by the separation or maybe see it as a risk to their operations, you guys separating out the two bus

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SEC filings for FDX · Claim quote is verbatim from the 2025Q2 earnings call.