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CNBC's Jim Cramer on Friday explained why he's positive on FedEx after the company surprised Wall Street with a strong quarter , saying the company has managed to cut costs effectively and adapt to a changing global commerce landscape.

"Even in a tough environment, FedEx managed to blow away the numbers last night, and looking at how they pulled that off, I've got to tell you, I am cautiously optimistic that this one is not done and is going higher," he said.

As President Donald Trump's widespread tariff hikes upend global trade, FedEx and its peers have seen their shares fall. Cramer noted that FedEx stock hadn't fully recovered from its downturn last spring after Trump issued the first round of sweep

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