Fedex's Comment on Competitors and Industry Peers
The transportation and business services markets are both highly competitive
and sensitive to price and service, especially in periods of little or no macro-economic
growth. Some of our competitors have more financial resources than we do, or
they are controlled or subsidized by foreign governments, which enables them
to raise capital more easily. We also compete with regional transportation providers
that operate smaller and less capital-intensive transportation networks. In
addition, high volume package shippers are developing in-house ground delivery
capabilities, which would in turn reduce our revenues and market share. We believe
we compete effectively with these companies — for example, by providing
more reliable service at compensatory prices. However, an irrational pricing
environment can limit our ability not only to maintain or increase our prices
(including our fuel surcharges in response to rising fuel costs), but also to
maintain or grow our market share. While we believe we compete effectively through
our current service offerings, if our current competitors or potential future
competitors offer a broader range of services or more effectively bundle their
services or our current customers become competitors, it could impede our ability
to maintain or grow our market share.
Competitors within the U.S. include other package delivery concerns, principally
United Parcel Service, Inc. (“UPS”), passenger airlines offering
express package services, regional delivery concerns, air freight forwarders
and the USPS. FedEx Express’s principal international competitors are
DHL, UPS, TNT Express, foreign postal authorities, freight forwarders, passenger
airlines and all-cargo airlines. Many of FedEx Express’s international
competitors are government-owned, -controlled or -subsidized carriers, which
may have greater resources, lower costs, less profit sensitivity and more favorable
operating conditions than FedEx Express.
FedEx Ground is headquartered in Pittsburgh, Pennsylvania, and its primary
competitors are UPS, the USPS and regional delivery carriers.
FedEx Freight’s primary competitors are YRC Worldwide Inc. (which includes
YRC Regional Transportation and YRC Freight), Con-way Freight (a subsidiary
of Con-way Inc.), UPS Freight, Old Dominion Freight Line, Inc. and ABF Freight
(a subsidiary of ArcBest Corporation).
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
News about Fedex Corporation Contracts |
FedEx Announces First-Of-Its-Kind Data-Driven Commerce PlatformIn a groundbreaking move, FedEx Corp. (NYSE: FDX) has unveiled fdx, the first data-driven commerce platform that aims to streamline the entire customer journey. Through the integration of advanced technology and innovative solutions, FedEx is paving the way for companies to enhance demand, conversion rates, fulfillment optimization, and return processes. With this unparalleled platform, FedEx stands out as the sole logistics company offering end-to-end e-commerce solutions, catering to businesses of all sizes.FedEx recognizes the need to adapt to the evolving digital landscape, and the company's transformation into a digitally-led business has pl...
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Who are Fedex Corporation's Competitors?
C h Robinson Worldwide Inc Share Performance
-12.75%
This Quarter
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C h Robinson Worldwide Inc
Profile
C.H. Robinson Worldwide Inc is a logistics company that operates as a third-party logistics (3PL) provider. They offer a wide range of transportation and logistics services to help companies optimize their supply chain management.
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Forward Air Corporation Share Performance
-53.15%
This Year
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Forward Air Corporation
Profile
Forward Air Corporation operates as a transportation and logistics company that provides expedited less-than-truckload (LTL) services, including final mile, truckload, intermodal drayage, and pool distribution. They specialize in time-definite services primarily to the North American air cargo and freight forwarding industries.
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United Parcel Service Inc Share Performance
+0.58%
30 Days
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United Parcel Service Inc
Profile
United Parcel Service Inc (UPS) operates as a global logistics company, utilizing a hub and spoke distribution model to provide package delivery, freight forwarding, and specialized transportation services. It offers a wide range of solutions to efficiently transport goods, manage supply chains, and provide technology-driven logistics solutions to businesses worldwide.
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Expeditors International Of Washington Inc Share Performance
-4.34%
This Year
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Expeditors International Of Washington Inc
Profile
Expeditors International of Washington Inc is a global logistics company that provides supply chain solutions to businesses. They act as intermediaries between manufacturers, exporters, and importers, offering services such as transportation, customs brokerage, and warehousing to ensure efficient and smooth movement of goods worldwide.
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Air T Inc Share Performance
+3.91%
Over The Past 5 Days
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Air T Inc
Profile
Air T Inc is a diversified holding company that primarily operates in two segments: the overnight air cargo segment, through its subsidiary Air T Worldwide, and the ground equipment sales and service segment, through its subsidiary Global Ground Support. It focuses on providing air transportation services and selling/maintaining ground support equipment, catering to various industries including airlines, ground handling companies, and airports.
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Air Transport Services Group Inc Share Performance
-20.04%
This Year
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Air Transport Services Group Inc
Profile
Air Transport Services Group Inc (ATSG) operates as a leading provider of air cargo transportation and related services. The company's business model focuses on leasing aircraft and providing aircraft maintenance, repair, and overhaul (MRO) services to a diverse range of customers worldwide. ATSG collaborates with various major airlines and cargo carriers, offering flexible, cost-effective solutions for their cargo transportation needs.
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Pitney Bowes Inc Share Performance
+12.18%
30 Days
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Pitney Bowes Inc
Profile
Pitney Bowes Inc's business model centers around providing a range of services and solutions related to shipping, mailing, and ecommerce. They offer technology platforms, software, and logistic services to help businesses manage their mailing and shipping needs efficiently.
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Ryder System Inc Share Performance
+1.96%
This Quarter
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Ryder System Inc
Profile
Ryder System Inc is a transportation and supply chain management company that offers a wide range of logistics services, including fleet management, dedicated transportation, and supply chain solutions. Their business model revolves around providing customized and integrated solutions to help companies optimize their transportation and distribution networks.
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