- FedEx Corp (NYSE:FDX) plans to slash the volume outlook for one of its divisions handling e-commerce deliveries.
- The company arrived at the decision, Reuters reported, as its customers are expected to ship fewer packages during the holiday season.
- Related: Are FedEx’s Troubles Indicative Of A Recession? Perhaps Not For UPS, DHL And Amazon
- The message was conveyed to the company’s 6,000 independent contractors that handle delivery and trucking for FedEx Ground in the U.S. and Canada through an internal memo.
- “We expect there to be downward adjustments to volume forecasts,” the report quoted Paul Melander, a FedEx Ground senior vice president.
- Also Read: FedEx Adopts $1.5B Accelerated Share Repurchase Program
- Price Action: FDX shares are trading lower by 1.22% at $153.29 on the last check Friday.
Desktop Health Receives FDA Clearance For SmileGuard Resin For Durable And Comfortable Orthodontic And Dental Appliances
Dentists and labs can use proprietary SmileGuard resin to 3D print bite splints, night guards, and mouth guards in the office in as little as one hour, allowing same-day delivery
Compared to other 3D printed
