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We're - 1 Raj Subramanian - 1 Morgan Stanley - 1 Brie Carere - 1 Carere - 1 hasn't - 1 Jason Furman - 1 Mike Lenz - 1
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Search resuls for: "Raj Subramanian"


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☆ Everyone wants to know when consumer demand is going to come back for real. Here's what FedEx execs are watching.
  + stars: | 2023-06-23 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +5 min
FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.
Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans
☆ FedEx is slashing more Sunday deliveries, bolstering critics who say the strategy was a costly mistake
  + stars: | 2023-01-10 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +3 min
The company will end Sunday service in more zip codes to add to the savings, per an internal memo. Sunday service has been a pain point for both FedEx Ground and its 6,000 delivery contractors. A FedEx spokesperson told Insider via email that it will continue Sunday deliveries for "more than 50% of the U.S. population, primarily in densely populated areas with proven customer demand." Sunday service has been a point of tension for FedEx and the 6,000 delivery contractors that make doorstep deliveries for FedEx Ground, since many say demand for the service doesn't justify its cost. Multiple FedEx delivery contractors told Insider previous cuts to Sunday service made a noticeable positive difference in the health of their businesses.
☆ 2 looming problems are threatening to hammer FedEx — and that's not even counting the recession
  + stars: | 2022-12-23 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +4 min
FedEx CEO Raj Subramanian said the company is facing less demand due to an "e-commerce reset." "I think the main macro issue in the United States is really the e-commerce reset," FedEx CEO Raj Subramanian said on the call. Market share worriesThe question e-commerce-related businesses have been asking all year is how much of the pandemic growth will stick. Companies from Shopify to Paypal have taken the conservative view: that e-commerce growth will revert to where it was headed in 2019. He told Insider that UPS is growing faster with small and medium businesses, and is more profitable than FedEx.
☆ FedEx is frantically cutting billions in costs as its pandemic success evaporates
  + stars: | 2022-12-21 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +5 min
This time last year, the company said it had reached a turning point and would achieve a level of profitability not seen since the first rush of pandemic e-commerce packages. FedEx's Ground business, which makes everyday e-commerce deliveries in the US, struggled to a lesser degree. FedEx's operational missteps, combined with ballooning fuel and labor costs, created unrest among Ground delivery contractors and boosted costs across the company. Spencer Patton tried to unite FedEx contractors. A few big-time FedEx contractors have a new plan to boost struggling delivery outfits.
☆ A former top TD Ameritrade technical analyst says stocks have yet to bottom as shares of several major firms remain 'disconnected' from reality — and warns the market could fall another 22%
  + stars: | 2022-09-17 | by ( William Edwards | ) www.businessinsider.com   time to read: +6 min
The S&P 500 is down 19% in 2022. Since January 3, the S&P 500 is down more than 19%. All except for Apple have underperformed the S&P 500, though they are more on par with the performance of the tech-heavy Nasdaq 100, which is down 28.1% this year. It currently sits at 27.54, and tends to rise when the S&P 500 falls. Markets InsiderWhen all is said and done, Bierman said he thinks the S&P 500 will bottom out somewhere between 3,000-3,300.
☆ UPS and Fedex are in for reckoning as the e-commerce boom cools and new competitors fight for a shrinking number of packages
  + stars: | 2022-05-26 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +9 min
The pandemic-driven e-commerce boom buoyed results for UPS and FedEx the past two years. E-commerce sales in the first quarter were up nearly 7% from the first quarter of 2021, according to the US Census Bureau. The other is that the slowdown may loosen the two companies' grip on the pricing power they've held for the past two years. On the downward slope of the pandemic e-commerce boom, UPS and FedEx are going to be left with a smaller slice of a smaller pie. So far, both carriers are holding fast to their pricing power in the customary first-quarter contract negotiations, according to Roberson.
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