Despite ‘cliff’ concern, FedEx sticks with profit forecast

Posted: December 20, 2012 at 3:45 a.m.

FILE - In this Tuesday, Dec. 11, 2012 file photo, FedEx workers unload packages from a cargo plane at the Oakland Regional Sort Facility in Oakland, Calif. FedEx is more pessimistic about the U.S. economy than it was three months ago, but more assured of its own ability to grow earnings. The world's second-largest package delivery company lowered its economic forecast for the U.S., saying that there remains a lot of uncertainty for the company and the country. Its forecast for the current quarter, which incorporates the critical holiday season, falls short of Wall Street expectations. (AP Photo/Ben Margot, File)

FedEx Corp., operator of the world’s largest cargo airline, maintained its fullyear profit forecast amid increasing concern that U.S. economic growth may slow.

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Business, Pages 25 on 12/20/2012