FedEx Global Volumes Decline, CEO Expects A Worldwide Recession | TPTS

FedEx reduced its full-year projections and announced cost-cutting measures, citing lackluster worldwide cargo volume. Global volumes decreased as macroeconomic factors deteriorated, CEO of #FedEx Raj #Subramaniam stated. We're increasing cost-cutting measures notwithstanding this unsatisfactory result. Subramaniam claimed he predicts a "global #recession" on CNBC's Mad Money.

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