European delivery rivals slump after FedEx profit warning

Shares of European delivery firms skidded Friday morning after a profit warning from FedEx
FDX,
-21.64%.
Royal Mail
RMG,
-8.08%
shares skidded 10% in London, while DHL owner Deutsche Post
DPW,
-6.75%
stock slid 7% in Frankfurt. FedEx blamed “macroeconomic weakness” in Asia and “service challenges” in Europe for a $500 million revenue shortfall in these regions.