17h ago
FedEx executives flag resilient freight demand and double-digit revenue growth tied to AI and data centers
FedEx executives said freight demand has not shown any “demand destruction” in the latest earnings call. The company reported strong revenue growth in the most premium segments of the global economy. They also pointed to inventory rebuilding and early time-critical shipments turning into repeatable revenue streams as signs of steady customer spending. FedEx added that AI and data centers are emerging as a rapidly scaling growth engine, delivering double-digit revenue growth.