FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price ...

CEO Raj Subramaniam said industrial demand was softer than expected. Shipments between manufacturers and other companies in that segment are the most profitable for FedEx, which is often seen as a ...

The report highlighted ongoing challenges in the parcel market, including customers opting for cheaper shipping options and a general decline in demand. FedEx's Freight segment has been under ...

Shares of FedEx Corp. tumbled after hours on Thursday after the package-delivery giant tempered its full fiscal-year outlook, citing “weaker-than-expected” shipping demand as businesses ...

FedEx said on Thursday its profits were pressured due to waning demand for lucrative priority shipments between businesses, leading at least eight brokerages to cut their price targets on Friday.

While the latter pinned the blame on a flood of volume from China-linked e-commerce players that Reuters identified as Temu and Shein, FedEx pointed to a drop in priority shipments between businesses.

The pressure on profitability shows that "FedEx is still a way off rightsizing its cost base after expanding rapidly to meet extra demand during ... is a disappointing print and shares are likely ...

FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in rivals United Parcel Service and DHL, which are also grappling with sluggish ...