<p>联邦快递的股价在 2025 年 3 月 20 日星期四大幅下跌，因为这家物流巨头下调了年度预测，激发了对更广泛经济放缓的担忧。该公司修订后的展望现在预计收入持平或略有下降，调整后的每股收益为 18.00 美元至 18.60 美元，反映了联邦快递首席财务官约翰·迪特里希所提到的 “美国工业经济的持续疲软和不确定性”。这一下调引发了市场的震荡，投资者纷纷重新评估他们在新信息下的持仓。</p>
<p>联邦快递困境的主要原因是特朗普政府对贸易伙伴实施的广泛关税，这给企业带来了重大不确定性。这种不确定性导致公司在应对不确定的经济环境时采取谨慎的支出。例如，“美国总统唐纳德·特朗普的进口关税给企业带来了不确定性，促使他们在应对不确定的经济环境时更加谨慎地支出”（路透社，2025 年 3 月 21 日）。只要关税仍然存在，这种不确定性可能会持续，并且如果其他国家采取报复措施，可能会进一步影响联邦快递的企业对企业（B2B）运输服务。</p>
<p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a68e50ccd538002.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a68e50ccd538002.png"/></p>
<p>除了关税，联邦快递还面临工业放缓，这导致其货运和 B2B 服务的需求疲软。该公司报告称，其货运和企业对企业的需求在第三季度疲软，这清楚地表明了工业放缓。例如，“联邦快递下调了其展望，指出美国工业经济的 ‘疲软和不确定性’。这家运输巨头表示，其货运和企业对企业的需求在第三季度疲软”（商业内幕，2025 年 3 月 20 日）。预计这种放缓将持续，因为包括生产用于制造其他商品的产品的公司在内的工业部门，推动了联邦快递的显著货运量和更有利可图的交付。</p>
<p>更广泛的经济不确定性，加上工业放缓和关税，也是一个重要因素。联邦快递首席执行官拉杰·苏布拉马尼亚姆在财报电话会议中承认了这一点，他表示：“我为团队在执行我们的转型工作、加强我们的价值主张和改善客户体验方面感到自豪。展望未来，我们将继续专注于在不断变化的宏观经济环境中支持我们的客户”（商业新闻，2025 年 3 月 20 日）。这种不确定性可能会持续，影响联邦快递准确预测其收益和收入的能力。</p>
<p>在未来几个季度，这些因素可能会以几种方式演变：</p>
<p>- 关税：如果关税被取消或减少，可能会缓解一些不确定性，并提升对 B2B 运输服务的需求。相反，如果关税保持不变或升级，不确定性可能会加深，进一步影响联邦快递的表现。</p>
<p>- 工业放缓：如果工业放缓持续，可能会导致联邦快递服务的需求长期疲软。然而，如果工业经济复苏，可能会推动对联邦快递高利润 B2B 运输服务的需求增加。</p>
<p>- 经济不确定性：如果更广泛的经济不确定性持续，可能会继续影响联邦快递准确预测其收益和收入的能力。然而，如果经济稳定，可能会为联邦快递提供一个更可预测的运营环境。</p>
<p>- 结构性力量：向延迟服务提供的转变可能会继续，因为电子商务的增长超过了传统 B2B 运输需求。联邦快递需要适应这一结构性变化，以维持其盈利能力。</p>
<p>总之，联邦快递下调年度预测反映了美国工业经济中不确定性和疲软的更广泛经济趋势，这对依赖物流和供应链服务的其他行业产生了影响。这些趋势表明经济活动可能放缓，这可能会影响对物流和供应链服务的需求。投资者应密切关注这些发展，并相应调整他们的投资组合。</p>

联邦快递

<p>在 2025 年 3 月 20 日，联邦快递的股价大幅下跌，因为该公司下调了年度预测，原因是经济不确定性和美国工业部门的放缓。修订后的展望预测收入持平或略有下降，调整后的每股收益为 18.00 美元至 18.60 美元。导致这一下降的因素包括特朗普政府施加的关税以及对货运和 B2B 服务的需求疲软。持续的经济不确定性可能会继续影响联邦快递的业绩以及更广泛的物流行业</p>

<p>FedEx's shares took a nosedive on Thursday, March 20, 2025, as the logistics giant slashed its annual forecast, stoking fears of a broader economic slowdown. The company's revised outlook, which now projects flat to slightly down revenue and adjusted earnings per share of $18.00 to $18.60, reflects the &#34;continued weakness and uncertainty in the U.S. industrial economy,&#34; as cited by FedEx's Chief Financial Officer John Dietrich. This downward revision has sent shockwaves through the market, with investors scrambling to reassess their positions in light of the new information.</p>
<div class="lb-trans"><p>联邦快递的股价在 2025 年 3 月 20 日星期四大幅下跌，因为这家物流巨头下调了年度预测，激发了对更广泛经济放缓的担忧。该公司修订后的展望现在预计收入持平或略有下降，调整后的每股收益为 18.00 美元至 18.60 美元，反映了联邦快递首席财务官约翰·迪特里希所提到的 “美国工业经济的持续疲软和不确定性”。这一下调引发了市场的震荡，投资者纷纷重新评估他们在新信息下的持仓。</p>
</div><p>The primary culprit behind FedEx's woes is the Trump administration's sweeping tariffs on trading partners, which have created significant uncertainty for businesses. This uncertainty has led to cautious spending by companies as they navigate an uncertain economic landscape. For instance, &#34;U.S. President Donald Trump's import tariffs have created uncertainty for businesses, prompting them to be more cautious with their spending as they navigate an uncertain economic landscape&#34; (Reuters, March 21, 2025). This uncertainty is likely to persist as long as the tariffs remain in place and could escalate if retaliatory measures are taken by other countries, further impacting FedEx's business-to-business (B2B) shipping services.</p>
<div class="lb-trans"><p>联邦快递困境的主要原因是特朗普政府对贸易伙伴实施的广泛关税，这给企业带来了重大不确定性。这种不确定性导致公司在应对不确定的经济环境时采取谨慎的支出。例如，“美国总统唐纳德·特朗普的进口关税给企业带来了不确定性，促使他们在应对不确定的经济环境时更加谨慎地支出”（路透社，2025 年 3 月 21 日）。只要关税仍然存在，这种不确定性可能会持续，并且如果其他国家采取报复措施，可能会进一步影响联邦快递的企业对企业（B2B）运输服务。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a68e50ccd538002.png" alt="" original-src="https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a68e50ccd538002.png"/></p>
<p>In addition to tariffs, fedex is also grappling with an industrial slowdown, which has led to soft demand for its freight and B2B services. The company reported that its freight and business-to-business demand were soft in the third quarter, which is a clear indication of the industrial slowdown. For example, &#34;FedEx revised its outlook downward, citing 'weakness and uncertainty' in the US industrial economy. The shipping giant said its freight and business-to-business demand were soft in the third quarter&#34; (Business Insider, March 20, 2025). This slowdown is expected to continue, as the industrial sector, which includes firms that produce products used to make other goods, drives significant cargo volume and more profitable deliveries for FedEx.</p>
<div class="lb-trans"><p>除了关税，联邦快递还面临工业放缓，这导致其货运和 B2B 服务的需求疲软。该公司报告称，其货运和企业对企业的需求在第三季度疲软，这清楚地表明了工业放缓。例如，“联邦快递下调了其展望，指出美国工业经济的 ‘疲软和不确定性’。这家运输巨头表示，其货运和企业对企业的需求在第三季度疲软”（商业内幕，2025 年 3 月 20 日）。预计这种放缓将持续，因为包括生产用于制造其他商品的产品的公司在内的工业部门，推动了联邦快递的显著货运量和更有利可图的交付。</p>
</div><p>The broader economic uncertainty, exacerbated by the industrial slowdown and tariffs, is also a significant factor. FedEx's CEO, Raj Subramaniam, acknowledged this in the earnings call, stating, &#34;I am proud of the team for executing on our transformation efforts while strengthening our value proposition and improving the customer experience. Looking ahead, we remain focused on supporting our customers amid the shifting macroeconomic environment&#34; (Business Wire, March 20, 2025). This uncertainty is likely to persist, affecting FedEx's ability to forecast its earnings and revenue accurately.</p>
<div class="lb-trans"><p>更广泛的经济不确定性，加上工业放缓和关税，也是一个重要因素。联邦快递首席执行官拉杰·苏布拉马尼亚姆在财报电话会议中承认了这一点，他表示：“我为团队在执行我们的转型工作、加强我们的价值主张和改善客户体验方面感到自豪。展望未来，我们将继续专注于在不断变化的宏观经济环境中支持我们的客户”（商业新闻，2025 年 3 月 20 日）。这种不确定性可能会持续，影响联邦快递准确预测其收益和收入的能力。</p>
</div><p>In the coming quarters, these factors could evolve in several ways:</p>
<div class="lb-trans"><p>在未来几个季度，这些因素可能会以几种方式演变：</p>
</div><p>- Tariffs: If the tariffs are lifted or reduced, it could alleviate some of the uncertainty and boost demand for B2B shipping services. Conversely, if the tariffs remain in place or escalate, the uncertainty could deepen, further impacting FedEx's performance.</p>
<div class="lb-trans"><p>- 关税：如果关税被取消或减少，可能会缓解一些不确定性，并提升对 B2B 运输服务的需求。相反，如果关税保持不变或升级，不确定性可能会加深，进一步影响联邦快递的表现。</p>
</div><p>- Industrial Slowdown: If the industrial slowdown persists, it could lead to a prolonged period of weak demand for FedEx's services. However, if the industrial economy rebounds, it could drive increased demand for FedEx's higher-margin B2B shipping services.</p>
<div class="lb-trans"><p>- 工业放缓：如果工业放缓持续，可能会导致联邦快递服务的需求长期疲软。然而，如果工业经济复苏，可能会推动对联邦快递高利润 B2B 运输服务的需求增加。</p>
</div><p>- Economic Uncertainty: If the broader economic uncertainty persists, it could continue to impact FedEx's ability to forecast its earnings and revenue accurately. However, if the economy stabilizes, it could provide a more predictable environment for FedEx to operate in.</p>
<div class="lb-trans"><p>- 经济不确定性：如果更广泛的经济不确定性持续，可能会继续影响联邦快递准确预测其收益和收入的能力。然而，如果经济稳定，可能会为联邦快递提供一个更可预测的运营环境。</p>
</div><p>- Structural Forces: The shift towards deferred service offerings is likely to continue, as e-commerce growth outpaces traditional B2B shipping demand. FedEx will need to adapt to this structural change to maintain its profitability.</p>
<div class="lb-trans"><p>- 结构性力量：向延迟服务提供的转变可能会继续，因为电子商务的增长超过了传统 B2B 运输需求。联邦快递需要适应这一结构性变化，以维持其盈利能力。</p>
</div><p>In conclusion, FedEx's downward revision of its annual forecast reflects broader economic trends of uncertainty and weakness in the U.S. industrial economy, which has implications for other sectors reliant on logistics and supply chain services. These trends suggest a potential slowdown in economic activity, which could impact demand for logistics and supply chain services. Investors should keep a close eye on these developments and adjust their portfolios accordingly.</p>
<div class="lb-trans"><p>总之，联邦快递下调年度预测反映了美国工业经济中不确定性和疲软的更广泛经济趋势，这对依赖物流和供应链服务的其他行业产生了影响。这些趋势表明经济活动可能放缓，这可能会影响对物流和供应链服务的需求。投资者应密切关注这些发展，并相应调整他们的投资组合。</p>
</div>

由于经济不确定性使前景蒙上阴影，联邦快递股价暴跌