FedEx says customer concerns increased, volume softened after tariff declaration

Says in a challenging demand environment. Says encouraged by sequential improvement of FedEx (FDX) Freight. Says uniquely positioned to be a valuable partner to customers as they navigate shifting demand trends, evaluate the impact of tariffs on their businesses and adjust their supply chains. Says global demand environment remains volatile. Says expects to achieve $1B of transformation related savings in FY26. Says following the April 2 tariff announcement, customer concerns increased and as a result, volume softened. Says in early May, upon tariff implementation, China to U.S. volumes deteriorated sharply and remained weak throughout the rest of the quarter. Says international export revenue was flat, reflecting the tariff related impact on Transpacific trade lane. Comments taken from Q4 earnings conference call.