FedEx slumps 15% amid weak demand for pricey priority deliveries
- Posted on September 20, 2024
- By Business News Today
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FedEx slumps 15% amid weak demand for pricey priority deliveries
Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries.
