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FedEx warns of global recession, cutting forecast by half a billion dollars

63 pointsby yuan43over 2 years ago

3 comments

helpfulclippyover 2 years ago
&gt; FedEx Ground service, which is the primary way the company handles deliveries of online purchases made by US consumers, missed its sales target by $300 million.<p>After last year, there is no way I would ship anything Fedex Ground -- at least not until they&#x27;ve had a few years to correct some serious issues. Pretty much every Fedex Ground parcel I had during peak had some sort of major drama -- lost, damaged, severely delayed, misdelivered, you name it. Everyone had problems during peak in &#x27;21, but Fedex had an absolute meltdown.
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Double_a_92over 2 years ago
To be fair FedEx packages were <i>extremely</i> expensive in the last year. Like 200$ for a small international parcel. Of course the &quot;demand&quot; for such an expensive service dropped.
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namelessoracleover 2 years ago
Fedex wanted 100 dollars for 3 day shipping 1 state away for a sweater I wanted to ship last week.<p>Not sure who their market is.