High fuel costs pinch FedEx outlook, stock falls

Discussion in 'The Latest FedEx Headlines' started by cheryl, Nov 16, 2007.

  1. cheryl

    cheryl I started this. Staff Member

    High fuel costs pinch FedEx outlook, stock falls - Reuters

    Package delivery company FedEx Corp cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker demand for less-than-truckload shipments.

    FedEx shares fell as much as 5 percent, touching their lowest level since early 2006.