Guidance on tariffs – FedEx top brass on hand to help
Love the cat but there’s a lot to unpack
By Alex Lennane
Logistics stocks faced a battering after FedEx withdrew its forecast, following an “earnings miss of epic proportions”.
A trading update released yesterday showed Q1 results were well below expectations, with FedEx Express seeing a revenue shortfall of $500m and FedEx Ground missing revenue forecasts by $300m.
The integrator said its Express division had been affected by macroeconomic weakness in Asia and service challenges in Europe.
FedEx, which has an annual shareholders’ meeting next week, said it had taken “immediate and decisive action to ...
Comment on this article