FedEx Warns of Pain Ahead With Tariffs Weighing on Demand

FedEx Corp. warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump’s trade war continues to have on its business.

The company’s shares fell 5.6% as of 9:33 a.m. in New York on Wednesday after FedEx reported quarterly results, extending their slide for the year. The shipping giant’s stock was down 18% in 2025 through Tuesday’s close, while the S&P 500 index rose modestly over that span.