FedEx Corp. cut its outlook for the second consecutive quarter after it reported a decline in revenue in its express unit and lower profit in its ground business from the higher cost of operating six days a week. The global delivery giant said softening macroeconomic conditions and weaker global trade trends continue to harm its international shipping business. Shippers also are sending lighter packages using slower, cheaper options in the express business, where the average price charged per package fell 2%.

Source: Wall Street Journal March 19, 2019 21:29 UTC