It's Wednesday, July 1st. Welcome to Market Foolery. I'm Chris Hill joining me today, the one and only, Abby Malen. Good to see you.

Thanks for

the having to have to talk about we've got airlines we've got alcohol

but we're gonna start with FedEx and for the first time in a while we've got some good news out of FedEx

fourth quarter profits and revenue came in higher than expected.

Stock up somewhere in the neighborhood of 12-15% so far today

and maybe this shouldn't be a surprise given the rise in boxes of stuff

being delivered to everyone's home. Yeah I mean I think this is a fun one to

follow today just given this is the first time we've seen

positive news from FedEx in a really long time. I will sort of temper that news with the

fact that it wasn't necessarily a knock it out of the park quarter for them.

It was more of expectations were very, very low and they exceeded that.

So like you said, they did have peak level e-commerce volumes in the US, which I think is a pretty interesting

metric to look at, but generally they spoke a lot about how commercial volumes were down significantly

due to business closures across the globe.

Well, and one other thing that, you know, FedEx continues to deal with, and this is worth remembering for all businesses, including the one we're going to talk about in a few

minutes.

Just the idea that acquisitions are hard.

It's exciting usually when a business acquires another business, but that doesn't mean it's not challenging

to incorporate an entire new business into your business.

And in the case of FedEx, TNT Express, based in Europe, you know, that integration, I think it's fair

to say that's not going as smoothly or as inexpensively as FedEx and its shareholders we're probably hoping for.

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