10 Best Shipping Stocks To Invest In Now

2. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Investors: 55

FedEx Corporation (NYSE:FDX) is a global leader in the express shipping and logistics industry. The company has a vast network that spans more than 220 countries and territories, which helps deliver nearly 17 million packages each business day and connects over 3 million shippers with 225 million consumers. FedEx Corporation’s (NYSE:FDX) advanced logistics network ensures reliable and time-sensitive shipping solutions, making it an indispensable partner for industries such as e-commerce, healthcare, and retail.

FedEx Corporation (NYSE:FDX) is implementing a series of strategic initiatives to drive future growth and enhance its market position. One of the key initiatives is the DRIVE (Delivering Reliability, Innovation, and Value every day) program. DRIVE is a comprehensive business architecture that leverages data and technology to drive continuous improvement in network optimization, technology, and cost management. The DRIVE initiative is expected to deliver $4 billion in savings by the end of FY ‘25 versus the FY ‘23 baseline. FedEx Corporation (NYSE:FDX) is also implementing Network 2.0, which aims to streamline operations by consolidating facilities and optimizing routes, with a target of  $2 billion in savings by the end of fiscal year 2027.

FedEx Corporation (NYSE:FDX) is also targeting the $80 billion air freight market with its Tricolor strategy, which aims to improve density and asset utilization. The company has created a dedicated sales team for this and is investing in digital tools to enhance the customer experience and capture market share. Furthermore, FedEx Corporation (NYSE:FDX) is strategically expanding its presence in key markets to capture new growth opportunities. The company is targeting high-value segments such as healthcare and automotive, where it is leveraging its unique portfolio, including cold chain support and specialized services, to gain market share.