FedEx slashes forecast, citing weak global economy

Discussion in 'The Latest FedEx Headlines' started by cheryl, Sep 5, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx slashes forecast, citing weak global economy - Reuters

    FedEx Corp (FDX.N), the world's second-largest package delivery company, cut its profit outlook for the current quarter, saying weakness in the global economy was hurting demand for overnight international shipments more than anticipated.

    A FedEx spokesman declined to say which regions are the most affected, but added that more detail will be available when quarterly results are released on September 18.