What FedEx issuing an economic warning means for Memphis
FedEx employs approximately 30,000 people across the city of Memphis. Some economists are saying that as demand declines, shipping reductions should be expected.
Source: localmemphis.com
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Samantha Bomkamp from the AP reports that “FedEx Corp. on Wednesday warned it expects “extremely difficult” conditions in the next two quarters, after the nation’s second largest package shipper posted a bigger fiscal fourth-quarter loss due to hefty one-time charges and lower revenue.”
Source: etfdailynews.com