FedEx’s Warnings Highlight Economic Risks and Its Own Issues

Date: Monday, September 19, 2022
Source: Bloomberg

FedEx Corp.’s profit warning this week hit a nerve with global markets already jittery over the state of the economy.

Shares of the delivery giant sank 21% Friday, wiping out $11 billion in market value, and dragging the broader market to its worst week since June, as the results fueled concern of weaker e-commerce and business-to-business activity. Yet FedEx has made itself particularly vulnerable to a demand slowdown, due to its own idiosyncrasies and recent missteps.

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