FedEx chief executive Fred Smith has pointed the finger of blame at the macro-economic environment after a difficult first quarter for the company.   
Revenues may only have dropped marginally to $17.05bn, but over the three months to September net income plummeted by more than 10% to $745m.  
“Our performance continues to be negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty,” said Mr Smith.  
“Despite this, we are positioning to leverage future growth as …

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Source: The Loadstar