FedEx shares surge as investors cheer resilient demand, higher profit forecast
By Rashika Singh
Published on March 20, 2026.
Shares in FedEx rose as investors cheer increased demand and a higher profit forecast following strong performance from the U.S.-Israeli war on Iran, which has increased air freight rates and forced re-routing of flights. The company's CEO, Raj Subramaniam, warned that rising oil prices and Middle East tensions could influence shipping costs in the coming weeks. The Express segment saw a significant increase in adjusted operating income and helped offset softness in freight. The planned June 1 spin-off of FedEx Freight is seen as a crucial milestone as the company shifts its focus on higher-grade delivery businesses. The firm expects adjusted profit for its fiscal year ending May 31 to be between $19.30 and $20.10 per share.
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