Wednesday , February 19 2020
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Tag Archives: FedEx

What FedEx Just Said About Europe and China

“Asia volume weakness, which we experienced during peak season, deepened post Chinese New Year.” When FedEx, a corporate barometer for the global goods-based economy, reported earnings this evening, it missed lowered earnings and revenue expectations, and it cut its guidance for the rest of the year, below already lowered expectations, and its shares tanked 5.7% in afterhours trading. The US holiday-shipping season had been fairly decent for FedEx, largely due to the continued shift of...

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