FedEx says economy stalling, cuts outlook

FedEx Corp. said Tuesday, Sept. 18, 2012, that

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FedEx Corp. said Tuesday, Sept. 18, 2012, that the global economy is worsening and it's cutting its forecast for the fiscal year ending next May. The company's express division is being most affected as business slows down globally. This truck is in San Francisco. (Credit: Getty Images, 2008)

FedEx Corp., considered an economic bellwether, says the global economy is stalling, and it's going to get worse next year.

The conditions are shrinking earnings at the world's second-largest package delivery company. Factories are making fewer items for FedEx to ship, and customers are opting for cheaper delivery options to save money.

FedEx Tuesday cut its outlook for global growth...

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