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FedEx Demand ‘Deteriorated Sharply’ on China Route Amid Trump’s Trade War
UNITED STATES, JUN 25 – FedEx suspended its full-year forecast and cut quarterly earnings guidance due to volatile global demand and U.S.-China tariffs impacting its most profitable trade route, CEO said.
- FedEx announced on June 24 that its adjusted earnings for the fiscal first quarter will range from $3.40 to $4 a share, below analyst estimates.
- This forecast indicates a significant drop in US-China shipments during May and highlights continued uncertainty due to unpredictable trade actions from the Trump administration.
- FedEx continues a cost-cutting effort, achieving $2.2 billion in savings last year and expecting an additional $1 billion this year amid volatile global demand.
- Brie Carere, FedEx's chief customer officer, emphasized the uncertainty surrounding the effects of trade developments on the company’s future performance.
- FedEx's subdued outlook and declining shares indicate ongoing challenges from tariffs and soft demand that may pressure profits in the near term.
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FedEx Lowers Revenue Outlook as Volume From China ‘Deteriorated Sharply’ - The Thinking Conservative
In the fiscal fourth quarter, Fedex adjusted its network to match shifting demand, cutting Asia-to-America lane capacity by more than 35% in May. The post FedEx Lowers Revenue Outlook as Volume From China ‘Deteriorated Sharply’ appeared first on The Thinking Conservative.
FedEx shares slide as trade turbulence hits demand
FedEx shares dropped nearly 6% in premarket trading today after the logistics giant sounded caution for the full year ahead and forecast current-quarter earnings below market expectations, as it battles volatile global demand due to pressures from US tariffs.
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right3Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 27%
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