0840 ET - The less-than-truckload shipping industry has still not rebounded, which is weighing on FedEx's freight segment, say JPMorgan analysts, who downgrade FedEx to neutral. "We are increasingly concerned the full year EPS guide is at risk given it already embeds a rebound in Freight fundamentals," the analysts say. Additionally, the high cost of FedEx's freight spin-off as well as the division's recent operational underperformance will also likely weigh on the LTL multiple post-spin, according to the analysts. FedEx is also suffering from shippers pushing back on higher rates and competitors adding more capacity, the analysts say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

0840 ET - The less-than-truckload shipping industry has still not rebounded, which is weighing on FedEx's freight segment, say JPMorgan analysts, who downgrade FedEx to neutral. "We are increasingly concerned the full year EPS guide is at risk given it already embeds a rebound in Freight fundamentals," the analysts say. Additionally, the high cost of FedEx's freight spin-off as well as the division's recent operational underperformance will also likely weigh on the LTL multiple post-spin, according to the analysts. FedEx is also suffering from shippers pushing back on higher rates and competitors adding more capacity, the analysts say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

October 08, 2025 08:40 ET (12:40 GMT)

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