MEMPHIS, Tenn. — FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. More: continued here
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Read More »FedEx Lowers Profit Outlook on Higher Fuel Costs, Lower Demand (Bloomberg.com)
May 10 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, said fourth-quarter profit will miss its forecast after surging fuel prices raised costs by at least $100 million more than estimated. More: continued here
Read More »FedEx Lowers Profit Outlook, Cites Higher Fuel Costs (Update2) (Bloomberg.com)
May 9 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, said fourth-quarter earnings will be below its earlier forecast after surging fuel prices raised costs by at least $100 million more than estimated. More: continued here
Read More »FedEx cuts profit forecast due to fuel prices (USA Today)
Package delivery company FedEx slashed its quarterly earnings forecast on Friday, blaming surging fuel prices. More: continued here
Read More »Citing Fuel Costs, FedEx Cuts Its Outlook (New York Times)
Fedex said its fuel costs have risen by more than 7 percent since it issued its guidance in March. It added that weak economic conditions have resulted in lower demand. More: continued here
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