FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing
Published . Updated .
Covered by 7 outlets: The Mighty 790 KFGO, WTAQ, Charlotte Observer, Miami Herald, Idaho Statesman, Sun Herald and 1 more.
Who covered it: Center 1 · Not rated 6. How we rate outlets
(Corrects "operating income growth" target of "10% to 12%" to "adjusted operating margin" of "15%" to reflect CFO comment in paragraph 2) Oct 29 (Reuters) - FedEx Freight forecast earnings for the crucial holiday quarter above analysts' estimates on T...
Directly affected
- FDXF FedEx Freight Holding-7.1% 12d
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+25.1% 18d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-5.7% 9d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- KEX Kirby+5.4% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FDXFNo price data for this ticker | — | — | — | — | — | — | — |
| BWET | -4.39% | -4.27% | base | after close | after close | after close | after close |
| IYT | -1.72% | +0.71% | base | after close | after close | after close | after close |
| ZIM | +0.38% | +1.68% | base | after close | after close | after close | after close |
| MATX | +0.75% | +2.33% | base | after close | after close | after close | after close |
| DAC | -0.53% | -1.04% | base | after close | after close | after close | after close |
| KEX | -8.80% | -5.86% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing The Mighty 790 KFGO
Source: The Mighty 790 KFGO
ZIM Integrated Shipping Services (ZIM) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | -4.27% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -4.39% | final price |
| Danaos (DAC) | three days earlier | -1.04% | final price |
| Danaos (DAC) | five days earlier | -0.53% | final price |
| Ishares Tr (IYT) | three days earlier | +0.71% | final price |
| Ishares Tr (IYT) | five days earlier | -1.72% | final price |
| Kirby (KEX) | three days earlier | -5.86% | final price |
| Kirby (KEX) | five days earlier | -8.80% | final price |
| Matson (MATX) | three days earlier | +2.33% | final price |
| Matson (MATX) | five days earlier | +0.75% | final price |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | +1.68% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +0.38% | final price |
ZIM Integrated Shipping Services (ZIM) on one side of this shipping story
Companies carried with this story
- ZIM ZIM Integrated Shipping Services
In “FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- MATX Matson
In “FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing,” Matson (MATX) is linked, with no stored direction, medium confidence. Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing.” Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- IYT Ishares Tr
Ishares Tr (IYT) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing.” Reason on file: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- DAC Danaos
For “FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing,” Danaos (DAC) is linked, with no stored direction, medium confidence. Reason on file: Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- KEX Kirby
Kirby (KEX) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing.” Reason on file: Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
ZIM Integrated Shipping Services (ZIM) and the shipping link
“FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing” (29 Oct 2026) reaches ZIM Integrated Shipping Services (ZIM) through Shipping.
The link for ZIM Integrated Shipping Services (ZIM) is this: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
Matson (MATX) is here too. Its reason reads: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
Dates and price levels for ZIM Integrated Shipping Services (ZIM)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. MATX traded between 219.11 and 240.81 across 8 sessions. The latest close on file is 223.01. ZIM traded between 28.73 and 30.98 across 20 sessions. The latest close on file is 29.73.
What the saved facts support for ZIM Integrated Shipping Services (ZIM)
92 out of 100
“FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing” scores 92 out of 100. The score uses 7 sources, and 6 linked companies.