Thomas Black

Thomas Black is a financial journalist at Bloomberg covering the airline and delivery industries. His articles focus on topics such as FedEx's potential freight deal, Boeing's planemaker problems, and the impact of technology on various industries. He also reports on corporate strategies, leadership changes, and industry trends. With a keen eye for detail and a knack for uncovering contradictions and conflicts of interest, Thomas provides insightful analysis that helps readers navigate the complex world of business.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

No current examples available.

Conflicts of Interest

100%

Examples:

No current examples available.

Contradictions

95%

Examples:

  • Cost cuts amounting to $2.2 billion were announced.
  • >FedEx announced 'assessment' of its freight unit
  • Investors reacted positively to the news, driving up FedEx shares by up to 15%
  • Share buybacks totaling $2.5 billion were planned for the same period.
  • The company reported a midpoint earnings-per-share outlook of $21 for the fiscal year ending May 31, 2025.

Deceptions

100%

Examples:

No current examples available.

Recent Articles

FedEx Evaluating Potential Spin-off of Freight Unit Amidst Strong Earnings and Industry Shifts

FedEx Evaluating Potential Spin-off of Freight Unit Amidst Strong Earnings and Industry Shifts

Broke On: Tuesday, 25 June 2024 FedEx, a leading delivery and logistics company, is considering significant changes to its business structure, including the potential sale or spin-off of its profitable Freight unit worth $50 billion. The move comes after FedEx reported strong earnings for Q4 2023 and amidst ongoing cost-cutting measures aiming to save $4 billion by 2025. Competitors UPS and Old Dominion Freight Line have also made sector moves, with UPS selling its trucking business and freight brokerage business, while Old Dominion had a market cap of $38.7 billion as of Wednesday.