FedEx Sees no Fuel Price Rise Impact but Raises Surcharge Anyway

Now watching

Next video starts in : 7 Play

FedEx Sees no Fuel Price Rise Impact but Raises Surcharge Anyway

FedEx Sees no Fuel Price Rise Impact but Raises Surcharge Anyway
Replay video
Up next

What to Watch Tuesday: FOMC Meeting, Twitter Earnings, Consumer Data

Unlock your personal NFL Now stream by signing in to NFL.com

FedEx Sees no Fuel Price Rise Impact but Raises Surcharge Anyway

by TheStreet 1:44 mins

FedEx delivered a strong fiscal fourth and gave a bullish outlook for fiscal 2015. FedEx said it didn't expect and fuel impact for fiscal 2015, but then raised the fuel surcharge for ground delivery by 3%. This comes at a time when energy prices are rising due to middle east tensions escalating. FedEx earnings were also helped by an enormous share buyback. FedEx volumes increased domestically and the company has been able to offset the weakness in its Express business which is becoming less popular with customers who are looking to save money. The stock though is down year to date.

View Comments (0)