Warning Signs for U.S. Economy as FedEx Reports Persistent Freight Weakness

25.03.21

In a troubling indicator for the overall U.S. economy, FedEx has reduced its profit outlook for the third straight quarter. CEO Raj Subramaniam highlighted that weakening demand is hurting their higher-margin business-to-business shipments, with the freight division suffering the most from fewer shipments and lighter loads. This persistent industrial slowdown…

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