Top 5 Logistics Companies in USA

2. FedEx Corporation (NYSE:FDX)

Market Cap as of October 31: $41.70 Billion

Number of Hedge Fund Holders: 63

FedEx Corporation (NYSE:FDX) is among the largest and most popular logistics companies in the world. The company has a head count of over 547,000 employees and operates in more than 220 countries and territories across the globe. The company has a fleet of over 487 aircraft and more than 86,000 vehicles. As of October 31, FedEx Corporation (NYSE:FDX) is worth $41.70 billion on the open market and is ranked high among the top logistics companies in USA.

Some of the key competitive advantages of FedEx Corporation (NYSE:FDX) include its strong global brand, its large-scale operations, its efficient transportation network, and its customer-focused business model. These advantages allow the company to provide a high level of service to its customers and to maintain a strong market position. The company also has a strong cash position and has free cash flows of $2.87 billion. On October 24, Jefferies analyst Stephanie Moore took coverage of FedEx Corporation (NYSE:FDX) with a Hold rating and a $170 price target.

As of June 30, Southeastern Asset Management is the most prominent shareholder in FedEx Corporation (NYSE:FDX) and has disclosed a stake of $310.7 million in the company.

Here is what Longleaf Partners had to say about FedEx Corporation (NYSE:FDX) in its third-quarter 2022 investor letter:

“FedEx Corporation (NYSE:FDX) – Global logistics company FedEx was another top detractor in the quarter after a large earnings miss, driven by its overseas express business. The decline in Asia was primarily macro driven, while the European miss was a combination of macro and service quality issues related to the TNT integration. Management is cutting costs and taking steps to address the service issues. To the positive, the US Ground and Freight businesses reported solid earnings growth. These domestic businesses alone are generating almost $15 per share in free cash flow power and are worth $240, significantly more than FedEx’s share price today. In early October, the company announced an acceleration of its previously announced share repurchase program, a strong vote of confidence from management.”