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FedEx redeploys air fleet after US ends parcel tariff exemption

The 150milliontariffimpactduringthequarterwas150 million tariff impact during the quarter was 20 million less than Chief Financial Officer John Dietrich suggested at an investor conference in August. Carere attributed most of the 1billionfiscalyearheadwindtothecontinuedreductioninrevenueoutofChina.Sheaddedthatthebanonglobaldeminimiswilldentthebottomlineby1 billion fiscal-year headwind to the continued reduction in revenue out of China. She added that the ban on global de minimis will dent the bottom line by 100 million with another $300 million in incremental expense for additional customs clearance expenses.FedEx’s fiscal first quarter, which ended Aug. 31, was impac ...