Transportation
FedEx Sees $1 Billion Hit as Tariffs Upend Parcel Business
A FedEx worker unloads packages from a delivery truck in New York.
Photographer: Bing Guan/BloombergFedEx Corp. expects a $1 billion hit from trade volatility this year, underscoring the impact of President Donald Trump’s tariffs and the loss of a key exemption for low-value goods.
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