CNN —
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
The company, sometimes seen as a bellwether for the US and global economies by investors, focused most of its concerns on industrial customers who ship goods to other businesses, not on consumers who make up the overwhelming majority of US economic activity. In fact CEO Rajesh Subramaniam said the company is seeing e-commerce shipments “start to grow again.”
But the industrial customers
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