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FedEx Cuts Sales Forecast on Weak Demand, Shares Drop Sharply

FedEx Cuts Sales Forecast on Weak Demand, Shares Drop Sharply
A FedEx plane prepares to leave at Miami International Airport, on Feb. 12, 2025. Joe Raedle/Getty Images
Panos Mourdoukoutas
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News Analysis
FedEx expects lower sales and earnings for the remainder of fiscal year 2025 due to weak demand for business-to-business services, reduced weight per shipment, and fewer shipments. Its shares dropped sharply on Wall Street during morning trading on March 21.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”