One of the world’s largest logistics firms, FedEx Corp. (NYSE:FDX), is working on cutting its shipment volume forecasts for this fiscal year amid expectations of lower-than-usual holiday shipping. The new volume guidance will be out on or about October 21. FedEx Ground, FedEx’s unit that takes care of e-commerce deliveries, sent a message to 6,000 independent contractors regarding a possible volume softness around the holidays, as reported by Reuters on Friday. The holiday season is usually the busiest time of the entire year. However, heading into the holidays with the fear of a recession and inflation concerns, consumers are expected to spend less.
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