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Fed Alarms at SVB Began More Than Year Ago
Bloomberg Businessweek
FedEx Is Not as Strong as UPS in the SMB Segment
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In September, FedEx issued a profit warning due to declining packaging volumes around the world. What changed since then? Absolutely nothing, actually. Look, they are still getting packaged volumes across the board and seeing declines in their express unit and their ground unit. It's the inflationary cost at the end of the day that's kind of skewing the results when it comes to just how much profit and activity FedEx is seeing.
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