Brooke Sutherland, Columnist

For FedEx, It Can Always Get Worse

The struggling parcel-delivery company says it hit bottom. Believe it when you see it.

December 18, 2019 at 9:45 AM EST

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

FedEx’s “just trust us” defense falls flat.
Photographer: Michael Nagle/Bloomberg

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It can always get worse for FedEx Corp.

Back in June, I wrote that the parcel-delivery company had managed to fall out of a basement window when it issued fiscal 2020 guidance that fell well short of already depressed expectations. Two guidance cuts later, it seems we’ve sunk below the foundation and are in the dirt with the worms.

Before it’s here, it’s on the Bloomberg Terminal

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