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News / FedEx reacts slowly to weakened global trade as TNT integration takes its toll on Q1

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FedEx chief executive Fred Smith has pointed the finger of blame at the macro-economic environment after a difficult first quarter for the company.   

Revenues may only have dropped marginally to $17.05bn, but over the three months to September net income plummeted by more than 10% to $745m.  

“Our performance continues to be negatively impacted ...

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    FedEx FedEx Ground financial results TNT