Slumping along with Europe and Asia

摘要

FedEx says a weak global economy is dragging down revenue. The world's largest cargo airline cut its profit forecasts for the most recent quarter by about 8 percent due to lagging revenue from express shipments. FedEx is considered an economic bellwether because it moves goods ranging from financial documents to Pharmaceuticals. The slowdown will likely add urgency to the company's cost-cutting efforts, including a voluntary buyout program, for some employees and the grounding of older, less-efficient cargo planes.