FedEx loses $2 billion, warns of headwinds in coming year
In this July 27, 2017, shows a Federal Express employee makes a delivery at an AT&T store in Hialeah, Fla. FedEx Corp. reports financial earnings on Tuesday, June 25, 2019. (AP Photo/Alan Diaz, File)/ DALLAS (AP) — FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in the world economy and the decision to drop a contract with retail giant Amazon. The delivery company reported a quarterly loss of nearly $2 billion. However, excluding an ...
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