FedEx: The Company Was Not Significantly Affected by the Disruptions in the Red Sea

American parcel delivery company FedEx announced that its air freight operations have not experienced major changes due to the disruptions in the Red Sea, which have added approximately two weeks to shipping transit times. CEO Raj Subramaniam stated on Sunday, "Maritime shipping accounts for 90 percent of global trade, so any slight change will have an impact, but we have not yet seen a significant effect," adding that air freight rates remain stable.