On Tuesday after the close, the largest global courier delivery service, Federated Express (FedEx) ([[FDX]]), warned of weaker-than-expected earnings and revenue for the second time in six months. In response, the shares have fallen 37% since January 2018 and 5% today alone.
This is not a FedEx-only story - management explained that the global economy is slowing all over. Last month, A.P. Moller-Maersk A/S, the world's biggest shipping line that carries nearly one-fifth of global shipping containers, also lowered its 2019 profit forecast on a dimming outlook for world demand.
My partner Cory Venable's