FedEx reports shipping slowdown and warns recession looms

By Zach Halaschak

Published September 16, 2022 5:42pm ET

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FedEx reports shipping slowdown and warns recession looms — The FedEx logo is seen on a delivery truck Tuesday, June 21, 2011, in Springfield, Ill. FedEx said Thursday, Sept. 15, 2022, that it is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought on by drop-off in its global package delivery business. | (Seth Perlman/AP)

FedEx sent shock waves through the markets on Friday after the company withdrew its full-year guidance and warned that a global recession is brewing.

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FedEx Markets Recession Shipping