FedEx issues dire Warning: "Shipments have Collapsed"
FedEx just reported a bad outlook for 2024, with declining revenue and freight volumes. A signal that the US Economy is not as as strong as people think heading into the new year.
In particular: FedEx lowered their revenue outlook for 2024 and also reported a near 30% decline in shipping freight volumes from the levels during the pandemic. The reason FedEx is struggling is due to an ongoing Freight Recession in America, that is due to an oversupply of trucks and not enough goods to ship.
This Freight Recession has led to companies such as Yellow Corporation, one of America's largest trucking companies, to declare bankruptcy.
One has to wonder: if the issues for FedEx and the trucking industry continue, will we the recession spread in 2024?
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Видео FedEx issues dire Warning: "Shipments have Collapsed" канала Reventure Consulting
In particular: FedEx lowered their revenue outlook for 2024 and also reported a near 30% decline in shipping freight volumes from the levels during the pandemic. The reason FedEx is struggling is due to an ongoing Freight Recession in America, that is due to an oversupply of trucks and not enough goods to ship.
This Freight Recession has led to companies such as Yellow Corporation, one of America's largest trucking companies, to declare bankruptcy.
One has to wonder: if the issues for FedEx and the trucking industry continue, will we the recession spread in 2024?
---
REVENTURE APP: https://www.reventure.app
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео FedEx issues dire Warning: "Shipments have Collapsed" канала Reventure Consulting
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