FedEx Forecast Misses Profit Estimates on Weak Demand

The video discusses a significant 10% cut in global sales, highlighting FedEx's challenges amid a weakening global outlook. It covers the impact of reduced freight costs on retailers and companies like FedEx, and examines the decline in the corrugated box industry. The video also touches on the post-pandemic e-commerce trends affecting FedEx.

What has been the impact of cost-cutting plans on FedEx according to the text?

What does the text suggest about the recovery in Asia?