FedEx Ground Unexpectedly Stands Out Ahead Of The Holiday Season

Published on 21 Sep 2023 on Benzinga via Yahoo Finance

FedEx Ground Unexpectedly Stands Out Ahead Of The Holiday Season

On Wednesday, FedEx Corporation (NYSE: FDX) delivered a positive earnings surprise as it poached customers from its rival United Parcel Service Inc (NYSE: UPS) and took advantage of the demise of the Yellow Corporation (OTC: YELLQ) who ceased its operations in July despite being a dominant player on the less-than-truckload transportation front. Upon announcing results, FedEx shares rose 5.7% to $264.60 in extended trading.

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