FedEx cuts full-year revenue forecast as it struggles to replace USPS contract loss

Reuters
21 Mar
FedEx cuts full-year revenue forecast as it struggles to replace USPS contract loss

March 20 (Reuters) - FedEx Corp FDX.N lowered its full-year revenue forecast on Thursday, as the parcel delivery firm seeks new business after its contract with its largest customer, the United States Postal Service, ended last year.

The company expects its full-year revenue to be flat to slightly down year over year, compared to the prior forecast of approximately flat.

(Reporting by Lisa Baertlein in Los Angeles and Abhinav Parmar in Bengaluru; Editing by Alan Barona)

((lisa.baertlein@thomsonreuters.com))

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