Volatile environment: A man crosses the street in front of a FedEx truck in San Francisco, California. The Memphis-based company says it expectes the Trump tariff policies to continue pressuring the China-to-US trade air transit. — Bloomberg
LOS ANGELES: FedEx has signalled caution for the year ahead and forecast current quarter profit short of market expectations amid volatile global demand, sending shares of the delivery giant down more than 5% after hours.
FedEx and rival United Parcel Service (UPS) are considered economic bellwethers because they work with virtually every type of company around the world and spot business trends early.
