FedEx Corporation (FDX) Return on Assets

In a previous article, I discussed the three big trends that have changed the nature of end-market demand for FedEx Corporation and United Parcel Service since the last recession: booming e-commerce demand, increasing protectionism that's slowing the growth of world trade, and customer preferences for cheaper, less time-sensitive deliveries. All three trends are affecting both companies, and both have had to make significant operational changes in response. The question is whether these changes have fundamentally affected profitability. I previously discussed UPS in this regard, and now it's time to take a closer look at FedEx.


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