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Logistics and parcel delivery drive global commerce, keeping goods moving amid rising e-commerce and shifting consumer habits. Wall Street has been treading on thin ice, rattled by a cooling industrial economy and lingering macroeconomic uncertainties. Business-to-business services are under pressure, corporate spending remains cautious, and analysts are slashing forecasts across sectors tied to economic output. In such an environment, even the biggest names aren’t immune – and FedEx (FDX) is no exception.
The shipping titan just cut its outlook for the third consecutive quarter, citing weak demand and revenue stagnation. Investors took notice, sending FedEx stock to a new 52-week low, wiping out nearly one-fourth of its value in the year to date.
