Cramer Waits for Lower Oil Prices Before Adding to FedEx Freight
Cramer is taking a wait-and-see stance on FedEx Freight, preferring to see oil prices ease and freight demand recover before adding. Fiscal 2026 revenue slipped 1.1% to $8.795B and operating income on a carve-out basis fell about 62% to $540M, even as revenue rose 4.8% on higher fuel surcharges and shipment weight. Average daily shipments declined 5.9% and fourth-quarter adjusted profit also fell.