FedEx falling down
despite price hikes
Losing market share. Cost
cuts, not customer centric
FedEx new ceo Raj Subramaniam opaquely reported on disappointing & inflated Q2'23 results. Huge price hikes boosted sales, but disguised serious market share losses to UPS & Amazon. The 'market cap gap' between same sized UPS widened to $112Bn. The future is bleak for arrogant, cost cutting 'new boss, same as the old boss'; who blamed the (strong) economy, not incompetent execution.
