Reported 7 days ago
FedEx shares increased on Monday as analysts predicted that a potential strike by dockworkers could enhance the demand for air freight. The International Longshoremen's Association may begin a labor stoppage, impacting operations at major U.S. ports. Analysts believe FedEx and competitors like UPS could benefit as shippers shift to air freight to avoid disruptions, while carmakers and retailers relying on ports may experience negative consequences.
Source: YAHOO