FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.
942 SOUTH SHADY GROVE ROAD MEMPHIS, TN -38120, USA Phone: 9018187500 Fax: 901-818-7500 Web: http://www.fedex.com Email: r@fedex.com
Industry:TRANS-AIR FRGHT Sector: Transportation Fiscal Year End:May Last Reported Quarter:02/29/12 Next EPS Date:06/19/12
Capital Structure Solvency and Cash Flow
FedEx ended 1Q12 with cash and cash equivalents of $1.9 billion compared with $1.7 billion in 1Q11. Long-term debt reduced to $1.37 billion in 1Q12 from $1.67 billion in 4Q11.
Capital Expenditure
The Company spent $1 billion in 1Q12, up 9.6% year over year.
Management expects capital expenditure to be $4.2 billion for FY12. About 60% of the investments are allocated toward growth projects, including the expansion of FedEx Express' Asian and European networks, FedEx Ground's network, and replacement of vehicles and equipment at FedEx Freight.
Last edited Thu Oct 20, 2011 02:18 AM by SreelaBose (Zacks Investment Research)
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Governance Social Responsibility and Employee Relations
Last edited Tue Apr 19, 2011 06:43 AM by SudiptaMukherjee (Zacks Investment Research)
Acquisitions Divestitures and Joint Ventures
Last edited Tue Jul 05, 2011 08:18 AM by SudiptaMukherjee (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
Highly Competitive Markets: Global transportation and logistics are highly competitive areas, subject to price competition and margin pressure.
Rising Capex: The rising capex due to further expansion of FDX’s global network, acquisitions, and fleet upgrading will temper the short-term performance.
Domestic Express Market: Growth potential is constrained in FDX's largest segment, Domestic Express, due to the increasing reliability of time-definite Ground alternatives. Further, rising fuel surcharges will make the Domestic Express offering less price competitive.
FedEx Ground Operations: FedEx Ground relies on owner-operators to conduct its operations, and the status of these owner-operators as independent contractors, rather than employees, is being challenged.
Last edited Thu Oct 20, 2011 02:23 AM by SreelaBose (Zacks Investment Research)
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