FedEx fiscal first quarter earnings reflect difficult market conditions

Quarterly revenue—at $22 billion—increased 6% annually, and operating income—at $1.23 billion—fell 17.4% annually, with adjusted net income—at $905 million—falling 23.9%. Diluted earnings per share—at $3.44—was down 21.3% and short of Wall Street estimates of $5.48.

source https://www.supplychain247.com/article/fedex_fiscal_first_quarter_earnings_reflect_difficult_market_conditions

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How Modern Logistics Companies Turn COVID Chaos into Long-Term Business Efficiency

COVID persists and supply chain operations are not expected to break from the current mode of remote workforce operations, however, smart operators are creating new opportunities by adopting forward-looking TMS solutions. source https://www.supplychain247.comhttps://www.supplychain247.com/article/logistics_companies_turn_covid_chaos_into_long_term_business_efficiency

The Rebound Podcast: Hasta la vista, 2021

For the last episode of the year, hosts Abe Eshkenazi and Bob Trebilcock discuss the trends that shaped the last year in supply chain. It was better than you think. source https://www.supplychain247.com/article/the_rebound_podcast_hasta_la_vista_2021

FTR’s Shippers Conditions Index falls to a new record low reading

The February SCI came in at -17.9, down from January’s -10.1, topping March 2021 as the “toughest month to date for shippers,” noted FTR. But that comes with the caveat that February’s record is not likely to be lasting, with March expected to record an even lower reading, it said, stating that some rate relief will not nearly offset a surge in diesel prices. source https://www.supplychain247.com/article/ftrs_shippers_conditions_index_falls_to_a_new_record_low_reading

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