Wednesday, March 20, 2013 11:50 am
News Summary: FedEx profit falls
By The Associated Press
SLOW ROAD: The company trimmed its forecast for earnings in the fourth quarter and the fiscal year, both of which end in May.
CHANGE IN THE AIR: FedEx is being hit by a shift in international air freight from expensive priority shipping to slower and cheaper services. It's taking steps to adapt, including diverting some packages into lower-cost delivery networks.