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FedEx shares drop 5% on dour outlook
Bangkok Post
|June 26, 2025
FedEx on Tuesday signalled caution for the year ahead and forecast current-quarter profit short of market expectations amid volatile global demand, sending shares of the delivery giant down more than 5% after hours.
FedEx and rival United Parcel Service are considered economic bellwethers because they work with virtually every type of company around the world and spot business trends early.
US President Donald Trump's whiplash tariffs on China and pending deals with many other trading partners have forced many executives to put business plans and forecasts on hold until they have more certainty on product costs.
"The global demand environment remains volatile," FedEx CEO Raj Subramaniam said on an earnings webcast.
FedEx declined to issue full-year earnings and revenue forecasts, citing uncertainty over US trade policies, particularly with regard to China — the world's largest exporter.
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