For three decades, I have watched investors chase the latest hot stock, the newest tech darling, and the most hyped IPO. Meanwhile, a sleepy corner of the market has been quietly minting fortunes.I’m talking about corporate spin-offs, those unloved stepchildren distributed to shareholders who often sell them without a second thought.They have beaten the market for 30 years with remarkable consistency.Save 50% On Benzinga Pro This Black FridayThis Black Friday, step up to the same tools used by professionals ...

Core Insights - A new equilibrium state in supply chains is emerging, characterized by more regional patterns, which will take time to fully transition in the industrial economy [1][6] - The impact of US tariffs and the end of exemptions for low-value goods has disrupted global parcel trade, with FedEx anticipating a $1 billion loss due to trade volatility, primarily from reduced shipments from China to the US [1][6] - FedEx is adapting to these changes by shifting its capacity and redeploying aircraft to respond to new trade flows from China to Europe, Latin America, and other parts of Asia [1][6] Industry Trends - The long-term changes in global trade and supply chains are driven by technology and geopolitical risks, indicating a persistent shift in market dynamics [6] - Companies are increasingly recognizing that the costs associated with supply chain disruptions outweigh the benefits of maintaining lower inventory levels [5][6] - The ability of logistics companies to adjust capacity quickly is highlighted as a competitive advantage over manufacturing, which cannot adapt as swiftly [2][6]

联邦快递此次新开通的2条货运航班，分别连接位于广州白云国际机场的联邦快递亚太区转运中心与马 来西亚的吉隆坡国际机场和槟城国际机场。上述航班采用波音767货机执飞，均为每周五班，周一至周 五运营。凭借此次网络优化，联邦快递能够为两地提供更稳定的运力保障，并将从马来西亚巴生谷地区 寄往中国的货物截件时间延后一个小时。（编辑：李佳洹 校对：许浩存 审核：韩磊） 《中国民航报》、中国民航网 记者钱擘 报道：联邦快递近日进一步强化亚洲区域内的物流网络，增开 中国与东南亚市场间的货运航班。 ...

此外，在同场关于构建韧性供应链的讨论中，瑞士电气巨头ABB集团的董事长Peter Voser指出，贸易中 断并不是在选举周期之后发生的，而是反映了市场的根本变化，以及人们对可能产生的成本有了更深刻 的认识。他表示："全球各行业企业都更深刻地认识到，供应链中断造成的损失远高于维持产品库存的 成本。" 智通财经APP获悉，联邦快递(FDX.US)首席执行官Raj Subramaniam表示，由技术和地缘政治风险等因 素驱动的全球贸易与供应链变革可能会长期持续下去。他周四在一场经济论坛上表示："在这种新的供 应链模式中，一种新的平衡状态正在形成，其区域性特征更为显著。""工业经济的转型需要更长时间。 但一旦完成转变，就难以回到过去。" 美国总统特朗普的关税政策及针对低价值商品豁免政策的终结，已颠覆全球包裹运输业，并可能在明年 持续制约行业发展前景。作为全球最大物流企业之一的联邦快递在9月曾警告，预计今年将因贸易波动 损失10亿美元，其中大部分源于中国至美国货运量的减少——这条航线在贸易战中遭受了尤为沉重的打 击。 Raj Subramaniam重申了贸易量下滑的事实，并表示联邦快递已观察到中国至欧洲、拉丁美洲及亚洲 ...

Ariel Investments, an investment management company, released its “Ariel Global Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equities rallied in the third quarter, driven by AI enthusiasm, resilient corporate earnings, the first U.S. rate cut of the year, and targeted policy easing across key regions. Against this backdrop, the Ariel Global fund traded +4.99% higher in the quarter, compared to the +7.62% return of the MSCI ACWI Index and +6.13% return of the ...

Core Insights - The express delivery market in China continues to lead globally, with the market size expected to exceed 300 billion packages and revenue surpassing 50 trillion RMB in 2023 [1] - The 2025 Global Express Industry Conference highlighted the increasing impact of the express industry on global economic development [1] Group 1: Market Performance - In 2024, the global express package volume is projected to reach approximately 2.679 billion packages, a year-on-year increase of 17.49%, with revenue around 46.037 trillion RMB, up 14.05% [2] - China's express package volume is expected to be 1.758 billion packages in 2024, reflecting a growth of 21.5%, with revenue estimated at 14.033 trillion RMB, a 13.8% increase [2] Group 2: Industry Development Needs - The China Express Association released ten development needs for express brand enterprises, emphasizing continuous technological innovation, operational efficiency, and international collaboration [2] - Key areas of focus include enhancing sorting efficiency, improving autonomous vehicle technology, and fostering international logistics cooperation [2] Group 3: Collaborative Initiatives - The "Qinglu Consensus" was established by the China Express Association and various express companies, emphasizing the role of artificial intelligence in driving future industry development and the importance of maintaining a secure and competitive market [3] - The consensus also highlights the need for a collaborative spirit in international expansion and the reinforcement of talent as a critical resource for high-quality industry development [3] Group 4: Infrastructure Development - The "Tongda Future City," designed for express delivery personnel, was inaugurated during the conference, covering an area of 12 square kilometers and integrating residential and commercial spaces [3] - This development aims to create a "15-minute quality living circle," enhancing the living and working environment for industry professionals [3]

Core Insights - United Parcel Service (UPS) and FedEx (FDX) are dominant players in the air freight and cargo industry, with market capitalizations of $81.4 billion and $63.1 billion respectively [1][2] UPS Overview - UPS has been facing prolonged revenue weakness due to geopolitical uncertainty and high inflation affecting consumer sentiment [3] - U.S. average daily volumes have declined year-over-year in the first nine months of 2025, primarily due to a planned reduction of Amazon shipments and a strategic decrease in lower-margin e-commerce volumes [4][5] - In Q3 2025, UPS' International segment operating profit fell 12.8% to $691 million, with margins contracting from 18% to 14.8% [6] - The expiration of the De Minimis exemption on August 29 has negatively impacted international trade volumes, particularly in the China-U.S. trade lane, which saw a 27.1% decline [6][7] - UPS announced a 0.6% increase in its quarterly dividend to $1.64 per share, raising concerns about the sustainability of this dividend given its high payout ratio of 87% [8][10] - Free cash flow has been declining, with only $2.7 billion generated in the first nine months of 2025, while over $4 billion was paid in dividends [10] FedEx Overview - FedEx is also experiencing demand weakness but is implementing cost-cutting measures under the DRIVE initiative, which is expected to yield annual savings of $2.2 billion for fiscal 2025 [12][13] - FedEx raised its quarterly dividend by 5.1% to $1.45 per share and repurchased $3 billion in shares in fiscal 2025, returning a total of $4.3 billion to shareholders [14] - For fiscal 2026, FedEx anticipates revenue growth of 4-6% year-over-year, with adjusted earnings per share expected between $17.20 and $19 [15] - FedEx exited Q1 fiscal 2026 with cash and cash equivalents of $5.1 billion against a debt of $16.5 billion, resulting in a favorable debt-to-capital ratio of 43.2% [17] - FedEx issued bullish guidance for Q2 fiscal 2026, projecting adjusted EPS to exceed the previous year's value of $4.05 [18] Price Performance and Valuation - Over the past year, UPS shares have declined over 29%, while FedEx shares have performed better, declining in single digits [19] - UPS is trading at a forward sales multiple of 0.91X, while FedEx's forward sales multiple is at 0.67X, indicating that UPS shares are more expensive [23] - FedEx is expected to grow earnings at a rate of 10.1% over the next five years, compared to UPS's projected growth rate of 6.6% [25] - FedEx's lower financial leverage and favorable debt-to-capital ratio suggest a stronger financial position compared to UPS [26]

Money is flowing into more electric trucking companies as the industry still grapples with a years-long slump in freight demand and slow electric vehicle (EV) adoption. FedEx is co-leading a $160 million funding round into medium-duty electric and hybrid vehicle manufacturer Harbinger, placing an initial order for 53 of its EVs. More from Sourcing Journal At the same time, Swedish-based autonomous trucking technology company Einride is preparing to go public via a SPAC at a valuation of $1.8 billion, foll ...

FedEx’s broad organizational and network redesign the past two years increased the integrated logistics provider’s adaptability, which is paying dividends by delivering added customer value in the face of shifting trade, regulatory and structural industry changes, top executives said. Another theme that emerged from an in-person event for Wall Street analysts in New York last week is management’s focus on high-quality B2B business as the primary driver of revenue growth. As the largest customs broker in ...

Core Insights - FedEx Corporation (NYSE:FDX) is currently on Jim Cramer's radar, indicating potential interest from investors [1] - Cramer highlighted a change in tone from FedEx's CEO, Raj Subramaniam, who has become notably optimistic about the company's future [2] - Cramer expressed confidence in FedEx's performance, suggesting that Subramaniam is successfully advancing the company in line with the vision of its founder, Fred Smith [2] Company Performance - Following the earnings report, Cramer noted that Subramaniam's bullish outlook represents a significant shift since he took over as CEO [2] - Cramer remarked on FedEx's competitive position, suggesting that the company is capturing market share from UPS [3] - Despite the positive outlook for FedEx, Cramer acknowledged broader economic concerns, including a slowdown affecting other companies in the logistics sector [3] Investment Perspective - While FedEx shows potential as an investment, Cramer believes that certain AI stocks may offer better returns with lower risk [3] - The discussion around FedEx's performance is set against a backdrop of economic challenges, which may impact overall market sentiment [3]