Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply

FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.

By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,

The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.