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FedEx warns of deteriorating economy and withdraws forecast;  shares fall 16%

FedEx warns of deteriorating economy and withdraws forecast; shares fall 16%

FedEx employees sort packages in Manhattan, New York, U.S., May 9, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a slowdown in global demand accelerated in late August and was set to …

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Biden, unions and railroad leaders fight for deal as shutdown looms

Biden, unions and railroad leaders fight for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads including Union Pacific (UNP.N), Berkshire …

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