Starting this thread so we can to elaborate on FedEx’s lack there of guidance for 2023 and impacts.
With all else standing true, I can’t help but think FedEx itself is partly to blame for their inability to compete with Amazon’s shipping logistics and their own shortcomings (as one example). FedEx has always been known to give decent benefits but UPS has also grabbed a lot of young lads to build up their long term fleets. I had noticed the local FedEx drivers changed of hand a few times this year and I’ve actually seen them less in the roads. Are companies avoiding them altogether and could their lack of forward guidance be more about their internal logistics and inabilities to scale in a profitable manner? Are drivers internally leaving? Just feels all too easy for the company to blame the economy, albeit in a supply chain cluster, without also thinking that FedEx ignored some writings on the wall and failed to prepare accordingly.
We shall see, but curious if anyone else had been thinking on similar lines to me or if I’m just “too out there” on this.