FedEx reported FQ3’21 revenue growth of 23.0% year over year, outstripping analysts’ estimates as a result of a 37% jump in Ground deliveries linked to e-commerce during the pandemic. The Freight division grew more slowly with 5.6% revenue growth including a 3.4% rise in shipments. The firm also had to contend with the winter storms in Texas which cut operating profits by over a quarter. While global trade is recovering, the firm’s CMO, Brie Carere, has noted “Europe outbound is expecting a partial recovery by the end of 2021 and a full recovery sometime in 202...