FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role

68
3
Favorite

FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role

TheStreet2022-03-29

COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

cws012
·2022-03-29
[Like]
Reply
3
Report
CL777
·2022-03-29
$250 next
Reply
7
Report
JemLIm
·2022-03-29
Nuce
Reply
8
Report
Fold Replies
- JemLIm:
  cool
  2022-03-29
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1147906424?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-03-29 19:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1147906424","market":"us","top_or_hot":-1,"title":"FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role","media":"TheStreet","content":"<div>\n<p>COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest ...</p>\n\n<a href=\"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest ...</p>\n\n<a href=\"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDX","symbol_name":"联邦快递","start_time":0,"source_url":"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role","article_id":"1147906424","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147906424","pubTimestamp":1648553985,"sourceInfo":null,"weMediaInfo":null,"summary":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest pac","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FDX":"联邦快递","UPS":"联合包裹"},"translate_title":"联邦快递创始人兼首席执行官弗雷德·史密斯转任董事长","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDX":0.9,"UPS":0.9},"content_text":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world's biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He'll serve as executive chairman of the group when the transition is complete.Subramaniam, a long-time FedEx executive who has toiled in the group's complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx's Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.\"\"As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,\" he added. \"Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.\"We are laser focused on improving our margins,\" Subramaniam told investors on a conference call earlier this month. \"Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.\"\"Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,\" he added. \"As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9019132712,"gmtCreate":1648555654393,"gmtModify":1676534353169,"author":{"id":"3572423159713710","authorId":"3572423159713710","name":"cws012","avatar":"https://static.tigerbbs.com/a69ecc3af86b94b373ae7fdeea5e8653","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019132712","repostId":1147906424,"repostType":4,"repost":{"id":"1147906424","pubTimestamp":1648553985,"share":"https://www.laohu8.com/m/news/1147906424?lang=&edition=full","pubTime":"2022-03-29 19:39","market":"us","language":"en","title":"FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role","url":"https://stock-news.laohu8.com/highlight/detail?id=1147906424","media":"TheStreet","summary":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest pac","content":"<html><head></head><body><p>COO Raj Subramaniam will replace FedEx&#39;s iconic leader Fred Smith as head of the world&#39;s biggest package delivery group later this year.</p><p>FedEx shares jumped higher Tuesday after the world&#39;s biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.</p><p><img src=\"https://static.tigerbbs.com/304c46e7222b34f7b461dfbbca81330c\" tg-width=\"841\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p><p>Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world&#39;s biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He&#39;ll serve as executive chairman of the group when the transition is complete.</p><p>Subramaniam, a long-time FedEx executive who has toiled in the group&#39;s complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx&#39;s Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.</p><p>“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.&#34;</p><p>&#34;As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,&#34; he added. &#34;Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”</p><p>FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.</p><p>Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.</p><p>FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.</p><p>&#34;We are laser focused on improving our margins,&#34; Subramaniam told investors on a conference call earlier this month. &#34;Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.&#34;</p><p>&#34;Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,&#34; he added. &#34;As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest ...</p>\n\n<a href=\"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPS":"联合包裹","FDX":"联邦快递"},"source_url":"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147906424","content_text":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world's biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He'll serve as executive chairman of the group when the transition is complete.Subramaniam, a long-time FedEx executive who has toiled in the group's complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx's Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.\"\"As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,\" he added. \"Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.\"We are laser focused on improving our margins,\" Subramaniam told investors on a conference call earlier this month. \"Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.\"\"Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,\" he added. \"As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019138236,"gmtCreate":1648555121586,"gmtModify":1676534353120,"author":{"id":"3560241002253187","authorId":"3560241002253187","name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"$250 next","listText":"$250 next","text":"$250 next","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019138236","repostId":1147906424,"repostType":4,"repost":{"id":"1147906424","pubTimestamp":1648553985,"share":"https://www.laohu8.com/m/news/1147906424?lang=&edition=full","pubTime":"2022-03-29 19:39","market":"us","language":"en","title":"FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role","url":"https://stock-news.laohu8.com/highlight/detail?id=1147906424","media":"TheStreet","summary":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest pac","content":"<html><head></head><body><p>COO Raj Subramaniam will replace FedEx&#39;s iconic leader Fred Smith as head of the world&#39;s biggest package delivery group later this year.</p><p>FedEx shares jumped higher Tuesday after the world&#39;s biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.</p><p><img src=\"https://static.tigerbbs.com/304c46e7222b34f7b461dfbbca81330c\" tg-width=\"841\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p><p>Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world&#39;s biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He&#39;ll serve as executive chairman of the group when the transition is complete.</p><p>Subramaniam, a long-time FedEx executive who has toiled in the group&#39;s complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx&#39;s Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.</p><p>“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.&#34;</p><p>&#34;As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,&#34; he added. &#34;Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”</p><p>FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.</p><p>Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.</p><p>FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.</p><p>&#34;We are laser focused on improving our margins,&#34; Subramaniam told investors on a conference call earlier this month. &#34;Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.&#34;</p><p>&#34;Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,&#34; he added. &#34;As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest ...</p>\n\n<a href=\"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPS":"联合包裹","FDX":"联邦快递"},"source_url":"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147906424","content_text":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world's biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He'll serve as executive chairman of the group when the transition is complete.Subramaniam, a long-time FedEx executive who has toiled in the group's complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx's Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.\"\"As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,\" he added. \"Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.\"We are laser focused on improving our margins,\" Subramaniam told investors on a conference call earlier this month. \"Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.\"\"Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,\" he added. \"As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":610820222,"gmtCreate":1648554120768,"gmtModify":1676532914294,"author":{"id":"3574813808924805","authorId":"3574813808924805","name":"JemLIm","avatar":"https://static.tigerbbs.com/ee9608155c1d123b0bf9fc773916aac7","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nuce","listText":"Nuce","text":"Nuce","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/610820222","repostId":1147906424,"repostType":4,"repost":{"id":"1147906424","pubTimestamp":1648553985,"share":"https://www.laohu8.com/m/news/1147906424?lang=&edition=full","pubTime":"2022-03-29 19:39","market":"us","language":"en","title":"FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role","url":"https://stock-news.laohu8.com/highlight/detail?id=1147906424","media":"TheStreet","summary":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest pac","content":"<html><head></head><body><p>COO Raj Subramaniam will replace FedEx&#39;s iconic leader Fred Smith as head of the world&#39;s biggest package delivery group later this year.</p><p>FedEx shares jumped higher Tuesday after the world&#39;s biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.</p><p><img src=\"https://static.tigerbbs.com/304c46e7222b34f7b461dfbbca81330c\" tg-width=\"841\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p><p>Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world&#39;s biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He&#39;ll serve as executive chairman of the group when the transition is complete.</p><p>Subramaniam, a long-time FedEx executive who has toiled in the group&#39;s complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx&#39;s Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.</p><p>“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.&#34;</p><p>&#34;As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,&#34; he added. &#34;Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”</p><p>FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.</p><p>Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.</p><p>FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.</p><p>&#34;We are laser focused on improving our margins,&#34; Subramaniam told investors on a conference call earlier this month. &#34;Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.&#34;</p><p>&#34;Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,&#34; he added. &#34;As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFedEx Stock Jumps As Founder And CEO Fred Smith Moves To Chairman Role\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest ...</p>\n\n<a href=\"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPS":"联合包裹","FDX":"联邦快递"},"source_url":"https://www.thestreet.com/markets/fedex-stock-jumps-as-founder-ceo-fred-smith-moves-to-chairman-role","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147906424","content_text":"COO Raj Subramaniam will replace FedEx's iconic leader Fred Smith as head of the world's biggest package delivery group later this year.FedEx shares jumped higher Tuesday after the world's biggest package delivery group said its chief operating officer, Raj Subramaniam, would replace longtime boss and company founder Fred Smith as CEO later this year.Smith, 77, a former officer in the U.S. Marine Corps who served in Vietnam, founded FedEx in 1973, establishing a base in Memphis, Tennessee with 14 planes and less than 400 employees. He leaves the group with the world's biggest air cargo fleet, at 650 planes, and a worldwide staff of more than 600,000. He'll serve as executive chairman of the group when the transition is complete.Subramaniam, a long-time FedEx executive who has toiled in the group's complicated supply chain, will assume CEO duties on June 1. The 54-year-old Subramaniam, however, will face many of the same challenges in his new role as investors look for profit margin improvement in FedEx's Ground division, which continues to lag rival United Parcel Service amid rising labor and transport fuel costs.“Fred is a visionary leader and a legend of the business world,” Subramaniam said. “He founded one of the world’s greatest and most admired companies, and it is my honor and privilege to step into this role and build upon what he has created.\"\"As we continue to transform as a company and reimagine what’s next, we will keep our people-service-profit philosophy at our core. I am immensely proud of our 600,000 team members around the world,\" he added. \"Together we’ve set into motion ideas that have changed the world for the better, and together we will unlock new value for our people, customers, and shareholders.”FedEx shares were marked 2.05% higher in pre-market trading to indicate an opening bell price of $234.75 each.Earlier this month, FedEx reiterated its full year profit forecast, guiding investors to earnings in the region of $20.50 to $21.50 per share, following a modestly weaker-than-expected fiscal third quarter.FedEx earned $4.59 per share over the three months ending in February, thanks to a $350 million hit linked to Covid-linked pilot shortages that limited airfreight capacity, even as revenues rose 10% from last year to  $23.6 billion.\"We are laser focused on improving our margins,\" Subramaniam told investors on a conference call earlier this month. \"Staffing levels and the rapid acceleration in labor costs have stabilized and our network is operating at normal levels.\"\"Despite improvement in the labor headwind, volume levels in Q3 were softer than we had previously forecasted, in part due to omicron surge slowing customer demand,\" he added. \"As such, we expect our second half Ground margins will be lower than our previous expectations and not reach double digits.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7323161,"gmtCreate":1648554124889,"gmtModify":1663240168442,"authorId":3574813808924805,"author":{"id":3574813808924805,"authorId":3574813808924805,"name":"JemLIm","avatar":"https://static.tigerbbs.com/ee9608155c1d123b0bf9fc773916aac7","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":610820222,"type":1,"supId":0,"prevId":0,"content":"<u>cool</u>","text":"<u>cool</u>","html":"<u>cool</u>"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":68,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}