FedEx cuts sales forecast by half a billion dollars, warning of a slowing economy

Fedex Cuts Sales Forecast By Half A Billion Dollars, Warning Of A Slowing Economy

FedEx shares plunged 21% in premarket trading on September 16 after it warned that a slowing economy will cause it to fall $500 million short of its revenue target. A FedEx truck is pictured here making deliveries on December 6 in New York City.