{"id":79374,"date":"2024-06-27T00:00:00","date_gmt":"2024-06-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/27\/fedex-share-price-surges-amid-positive-2025-forecasts-maersk-debuts-its-first-low-ghg-emissions-warehouse\/"},"modified":"2024-06-27T00:00:00","modified_gmt":"2024-06-27T00:00:00","slug":"fedex-share-price-surges-amid-positive-2025-forecasts-maersk-debuts-its-first-low-ghg-emissions-warehouse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/06\/27\/fedex-share-price-surges-amid-positive-2025-forecasts-maersk-debuts-its-first-low-ghg-emissions-warehouse\/","title":{"rendered":"FedEx share price surges amid positive 2025 forecasts + Maersk debuts its first low GHG emissions warehouse"},"content":{"rendered":"

<\/strong>FedEx\u2019s plans are going well: <\/strong>FedEx share prices increased by 14% after the company forecast 2025 profits exceeding market expectations and said it plans to buy back USD 2.5 bn of its stock over the next year, Bloomberg<\/a> reports. The courier adjusted its earnings for the 2025 fiscal year to between USD 20 and USD 22 a share, beating market analysts\u2019 expectations of a USD 20.85 average, according to data compiled by the news outlet. FedEx is currently in the process of reorganizing and cutting costs by consolidating the Express, Ground and Services units in a major shift from the two-network system the company has run for decades. It expects a USD 2.2 bn permanent cost reduction this year, and is considering a potential divestiture of its freight business as it assesses the unit\u2019s performance in its portfolio.<\/p>\n

\n

Maersk debuts its first low GHG emissions warehouse in Denmark:<\/strong> Maersk has launched its first low GHG emissions warehouse in Taulov Dry Port in Denmark on Monday as part of the company\u2019s efforts to achieve net-zero CO2 emissions by 2040, according to a press release<\/a>. The warehouse \u2014 which is a joint venture between Maersk and Taulov Dry \u2014 is built according to BREEAM Excellent standards and is equipped with solar panels and electrified equipment. Battery-driven trucks will be used for operations and hydrogen stations are planned to be built 150 meters from the site.<\/p>\n

I<\/strong>ndustry executives believe US tariffs on Chinese imports would push up inflation <\/strong>and hurt the US freight sector<\/strong>, The Financial Times<\/a> reports. New tariffs on Chinese goods entering the country, including a 100% levy on EVs, were announced by President Biden last month, and presidential candidate Donald Trump is promising a 60% tax on Chinese products and 10% for the rest of the world. The Cass freight shipment index, which measures shipments within North America, dropped to a near four-year low in May. \u201cWe\u2019re in what we in the industry call a \u2018freight recession\u2019,\u201d said Integrated Logistics president Dave Broering.<\/p>\n

What they said:<\/strong> \u201cAny time you reduce what\u2019s coming into the country and what we ultimately ship it will have a negative impact on the business,\u201d said Peninsula Truck Lines president Tim Vander Pol. This was echoed by American Trucking Associations chief economist and senior VP Bob Costello, who said the tariffs would essentially be a \u201ctax on consumers, which certainly hurts the industry.\u201d<\/p>\n

Looming strikes at US ports are adding to the industry\u2019s concerns<\/strong>, with players urging President Biden to facilitate the resumption of talks between port operators and East and Gulf coast dockworkers, Bloomberg<\/a> reports. With Red Sea disruptions already placing a huge strain on global maritime trade, \u201cthe last thing the supply chain, companies and employees \u2014 all of which rely on the movement of goods, both imports and exports, through our East Coast and Gulf Coast ports \u2014 need is a strike or other disruptions because of an ongoing labor negotiation,\u201d over 150 groups wrote in a letter to President Biden this week. Talks between the two parties broke down earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stories on our radar this morning from around the 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