ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

FedEx loses $2bn amid warnings of further Chinese uncertainty

Company reports huge quarterly drop as Asia slowdown slams international business

PALO ALTO, U.S. -- Parcel delivery company FedEx reported on Tuesday a net loss of $1.97 billion for the March-May quarter, as the U.S. company's international business slumped, most notably in the Asia-Pacific region amid trade tensions that continue to weigh on the Chinese economy.

China has been key to FedEx's regional growth but the U.S.-China trade spat is making markets nervous about the company's prospects.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more