FedEx Falls After Cutting Profit Forecast

FedEx reported a disappointing quarter with reduced outlooks, citing weak global economic conditions, increased costs, and the loss of Amazon as a customer. The company faces challenges in stabilizing its business, especially in comparison to UPS, which has managed to maintain its margins. FedEx is focusing on fixing its European acquisition, TNT Express, and improving efficiency in home deliveries. The breakup with Amazon has forced FedEx to seek new customers like Walmart and Target, while adapting to a more competitive pricing environment.

What challenges did FedEx face after the cyber attack in 2017?

In what ways has FedEx attempted to adapt to the competitive landscape?