Fedex CEO: Trade narrative with China will improve

Core Insights - The CEO of FedEx, Raj Supermanium, expresses optimism regarding US-China trade relations and anticipates a potential meeting between President Trump and President Xi, which could lead to improved clarity for businesses [2][3] - FedEx is currently facing challenges due to tariffs, but Supermanium believes the trade narrative will improve and does not foresee worsening conditions [3] - The company is undergoing significant transformation, including merging two businesses and spinning off freight operations, while also focusing on innovation and capitalizing on trends like data center buildouts [6] Company Performance - FedEx's stock has underperformed over the past year, attributed to various factors including macroeconomic conditions and industrial production slowdowns [5] - The company is embedding artificial intelligence into its operations to enhance data consolidation and procurement processes, without expecting job cuts as a result [4] Industry Context - China is FedEx's second-largest market, and the company is closely monitoring the evolving trade landscape [3] - The broader industrial environment is experiencing slow production volumes, impacting FedEx's performance [6]