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.
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.