FedEx shares rebound amid e-commerce boom, airlift shortage
FedEx shares have soared since June as the company takes advantage of captive markets created by the COVID-19 pandemic. The surge in e-commerce has increased volume and improved FedEx’s bargaining power with shippers in the U.S. domestic market. (Daily Memphian file)
FedEx shares have shot up over $200 in recent trading after languishing below $150 a share earlier this summer. Supply and demand is driving the growth.
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FedEx air cargo capacity shortage e-commerce UPS U.S. Postal Service postal reform Cowen Stephens Brie Carere Richard W. Smith Henry Maier COVID-19Wayne Risher
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
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