European delivery rivals slump after FedEx profit warning


Shares of European delivery firms skidded Friday morning after a profit warning from FedEx FDX, -0.07%. Royal Mail RMG, -11.00% shares skidded 10% in London, while DHL owner Deutsche Post DPW, -5.94% stock slid 7% in Frankfurt. FedEx blamed “macroeconomic weakness” in Asia and “service challenges” in Europe for a $500 million revenue shortfall in these regions.

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