1855 ET - FedEx kept its outlook narrowly focused on the current quarter and didn't share revenue or earnings guidance for the full year, as it has in the past. Management said that was primarily due to uncertainty about the trade environment. "We just simply cannot predict how that's going to play out," Chief Customer Officer Brie Carere said during a Tuesday earnings call. CEO Raj Subramaniam said FedEx can adjust its network based on changing demand more quickly than other sectors like manufacturing. The company expects the trade environment is likely to change over the next 30 to 60 days. "The patterns are changing as we speak," Subramaniam said.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

1904 ET - FedEx didn't share much about its full-year outlook, but it does expect pressure on trade across the Pacific Ocean to be a headwind through 2026. The de minimis trade exemption, which allowed items under $800 to ship tariff-free and ended in early May, was a significant asset for Chinese companies selling cheap goods to Americans. FedEx executives said during a Tuesday earnings call it expects the vast majority of its trade headwind in the coming fiscal year will be from a decline in China-to-U.S. shipping, which dropped off significantly this spring. Most of the expected decline will be from the absence of de minimis trade, management said. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

June 24, 2025 19:04 ET (23:04 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.