Earnings narrative analysis: FedEx KEYFOCUS: At the top end of our range, we assume revenue is up a low-single-digit percentage, driven by a modest improvement in industrial production leading to higher flow through from B2B demand. ... ; But we are assuming that the industrial production and the manufacturing continues to be similar to what we saw in the first half for the second half ... ;
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From our analysis, we found the following most relevant:
Excluding Amazon volume, the US domestic parcel market is expected to be 72 million packages a day in calendar year '22.