FedEx Corporation

Sacks support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E161 · 2024-01-13 ▶ 6:17

it's having to go around the Horn of Africa, it's adding two or three weeks to the trip ... It's Europe and China who are impacted the most.

Chamath support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E161 · 2024-01-13 ▶ 5:32

This is really an issue for Europe. It's not an issue for the United States because there are alternative routes. ... what we're really debating is what is the risk of inflation and a backup of goods and shipping rates into Europe?

Friedberg support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E161 · 2024-01-13 ▶ 5:21

I'm assuming shipping prices are going to go up, freight prices are going to go up.

Friedberg support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E158 · 2023-12-23 ▶ 33:55

the fact that the insurance companies won't insure the ship anymore means that now that ship can't travel and that's tens of millions of dollars of commerce that gets shut down off of a few thousand dollar investment. ... there are many other groups like this that may get emboldened and you start to see more activity in other regions as well

Chamath support ×2 ▲ on 🌍 Red Sea blockade spikes freight rates and re-ignites goods inflation E158 · 2023-12-23 ▶ 19:55

the really significant impacts are downstream to Europe consumer prices. So I think like European inflation has more chance of upticking again than America does

About 30% of all ocean container traffic flows through the Suez and through the Red Sea. ... So you're talking about a 20, 25% cut in shipping capacity on the 30% of all containers.

Jason oppose ×1 ▼ on 📈 FedEx's warning is competitive, not macro - Amazon is eating the parcel business E96 · 2022-09-17 ▶ 1:09:12

Well, they could be losing market share while still growing because e-commerce is growing so violently in the world.

Chamath support ×2 ▼ on 📈 FedEx's warning is competitive, not macro - Amazon is eating the parcel business E96 · 2022-09-17 ▶ 1:08:32

And to blame a recession is sort of a little bit of hiding the cheese. It's probably fair to say that their lunches get eaten by Amazon. So I could understand why FedEx is under a lot of pressure because of that.

Friedberg support ×3 ▼ on 📈 FedEx's warning is competitive, not macro - Amazon is eating the parcel business E96 · 2022-09-17 ▶ 1:07:14

And I would guess that all three continue to work against them. It's not like they have a lot of diversification in the business and other ways to expand out into. So you've got a key vertically integrated player, namely Amazon, that is investing heavily to replace whatever they use you for.

And you asked a little bit, air freight, what's going to happen there. Well, remember, 50% of all the world's air freight flies in the belly of passenger planes. There's way less people traveling to and from Asia than there were. ... we've actually got 10 passenger planes that we've leased, and we'll keep doing more, that are not flying any passengers. We're just filling them with freight.