Industry News

President Donald Trump on Monday announced sweeping new 50% tariffs on roughly $20 billion worth of Canadian imports, reviving trade tensions with one of the largest U.S. trading partners and creating fresh uncertainty for cross-border supply chains. The Trump administration used an obscure trade authority—Section 338 of the Tariff Act of 1930—to target a broad range of Canadian products after U.S. officials accused Canada of discriminating against U.S. exports of automobiles, dairy products and alcoholic beverages. Administration officials said the tariffs are intended to offset what they describe as Canada’s “unreasonable and discriminatory” treatment of U.S. commerce.

Certain statements in this Annual Report on Form 10-K (this “Annual Report”), including (but not limited to) those contained in “”; “”; “”; “”; “”; the “Trends Affecting Our Business,” “Business Optimization Costs,” “Income Taxes,” “Outlook,” “Reportable Segments,” “,” and “” sections of “”; and the “Description of Business Segments and Summary of Significant Accounting Policies,” “Goodwill and Other Intangible Assets,” “Long-Term Debt and Other Financing Arrangements,” “Leases,” “Income Taxes,” “Retirement Plans,” “Business Segments and Disaggregated Revenue,” “Commitments,” and “Contingencies” notes to the consolidated financial statements in “” are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our financial condition, results of operations, cash flows, plans, objectives, future performance, and business. Such risks include, but are not limited to, additional changes in the state of the global economy and international trade policies and relations; our ability to execute our transformation initiatives, implement our business strategy, and effectively respond to changes in market dynamics and customer preferences; our strong reputation and the value of the FedEx brand; our ability to meet our labor and purchased transportation needs while controlling related costs; our ability to achieve our goal of carbon neutrality for our global operations by calendar 2040; and the effect of litigation or claims from customers, team members, suppliers, regulators, or other third parties relating to the crisis or our actions in response. As of May 31, 2026, the Federal Express global air network included a fleet of 700 aircraft that provide delivery of packages and freight to more than 220 countries and territories through a wide range of U.S. and international shipping services.

The layoffs at the company's Cayuga Road shipping center will take effect Aug. 3, according to a WARN notice filed with the state Department of Labor.

² Reported as “Net Income”. Revenue growth was driven by higher unit sales and price realization across core product lines. Management noted an accelerated shift to direct-to-consumer and digital channels, increasing the online mix and reducing third-party distribution costs.

In that same time, the Transportation sector gained 5.57%, while the S&P 500 gained 0.55%. Simultaneously, our latest consensus estimate expects the revenue to be $21.75 billion, showing a 2.5% escalation compared to the year-ago quarter. Investors should also take note of any recent adjustments to analyst estimates for United Parcel Service.

Executives should also consider how variable a particular environment is before deploying AI, and how that can impact a company's ability to produce and distribute products, Anand said. To better position a pilot for success, Anand recommended organizations figure out if the necessary data for the test is available, the return on investment can be demonstrated and employees are comfortable leveraging the AI tool. He added that organizations should consider using the "left-on test" to determine if the effort to maintain the AI tool is worth it.