FedEx Corp. shares fell more than 5% in aftermarket trading Thursday after the integrated parcel giant reduced its full-year guidance for the third consecutive quarter because of intensifying macroeconomic headwinds and uncertainty in the U.S. industrial economy, which are crimping higher margin B2B shipping services.
FedEx (NYSE: FDX) said it expects revenue to be flat to slightly down year over year from the previous outlook of flat revenue. The estimated range of earnings per share, excluding...
https://www.freightwaves.com/news/fedex-says-economic-uncertainty-slowing-parcel-and-freight-demand