FedEx slashes profit forecast over global economy concerns, rather than Amazon

December 19, 2018 Alex Lennane

FedEx has slashed its profit forecast amid fears for the global economy, but denied analysts’ claims that Amazon is becoming too strong a competitor.
The company announced that its second quarter adjusted non-GAAP results saw net income of $1.08bn on the back of revenues of $17.8bn.
But all eyes were on its warnings about the global economy – and its thoughts on Amazon.
“Internationally, economic strength seen earlier this year has given way ...

The post FedEx slashes profit forecast over global economy concerns, rather than Amazon appeared first on The Loadstar.

Previous Article
“Consolidation and polarisation” on the cards for UK haulage industry as driver shortages continue
“Consolidation and polarisation” on the cards for UK haulage industry as driver shortages continue

The UK’s haulage industry is likely to become far more concentrated in the hand of fewer operators, which h...

Next Article
UK airports’ cargo capacity questioned as odds shorten on a no-deal Brexit
UK airports’ cargo capacity questioned as odds shorten on a no-deal Brexit

UK airports are facing crunch time with the country’s pending departure from the EU set to pile on the stra...