FedEx reported weaker than expected quarterly results last week, with pension costs and currency moves acting as a drag. Earlier this year, FedEx announced plans to acquire Dutch logistics company TNT Express for €8 a share in cash in a bid to expand package deliveries in Europe.
“As with any management team, the usual excuse is, ‘Don’t worry, we’ll make it up in the second half’. But it depends on how the economy plays out....
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