fedex It saw its package volume increase during the quarter ended May 31, in both its U.S. domestic business and international export business, as it helped customers navigate a dynamic macro environment.
These gains were only partially offset by the impact of changes in global trade policy, the company said on Tuesday (June 23). Earnings release.
Pre-carreFedEx’s executive vice president and chief customer officer said Tuesday Earnings call The company’s strength in ground commerce and home delivery led to a 3% year-over-year increase in U.S. domestic volume and the company’s ability to flex its network to support changing trade patterns led to 5% year-over-year growth in international export package volume.
“By focusing on premium, high-value business-to-consumer verticals, we have grown volume and revenue every quarter of fiscal 2026,” Carrere said.
FedEx indicated in its earnings release that it had ended the distribution Fedex shipping To a new publicly traded company on June 1. The company said on Thursday View earnings This move positions both companies on the path to success as “focused industry leaders.”
The company announced in December 2024 that its board of directors had decided to pursue a full purchase Separation FedEx Freight through capital markets to allow for more customized operational execution. FedEx Freight announced on June 1 that it had completed the spin-off and would begin trading on the New York Stock Exchange that day.
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During Tuesday’s earnings call, FedEx’s president and CEO said Raj Subramaniam “We completed the FedEx Freight split on June 1, positioning both companies for success as separate, focused leaders in the industry,” he said.
FedEx provided an update on duty refunds during the call, with Carere saying the company expects to start passing refunds to customers in August.
It was reported in April that FedEx was among the companies seeking to acquire it Tariff refund By submitting claims to US Customs and Border Patrol (CBP). If CBP issues refunds to FedEx, the company will deliver those refunds to shippers and consumers, the company said at the time.
The refund process began after the Supreme Court decision announced that Definitions Imposed under the International Emergency Economic Powers Act (IEEPA) were illegal.
During Tuesday’s earnings call, Carrier said: “We have continued to help our clients navigate a very dynamic and complex environment. Implementing global trade policy changes, geopolitical unrest in the Middle East, and the IEEPA refund process. In April, we began submitting claims to CBP on behalf of our clients, and starting in August, we will pass those refunds on to our clients.”
