Are FedEx''s Troubles Indicative Of A Recession? Perhaps Not For UPS, DHL And Amazon FedEx Corporation (NYSE: FDX ) released its fiscal first-quarter financial results on Thursday afternoon after pre-releasing the numbers on Sept. 15. Management commentary spooked investors that a global recession may be imminent. FedEx''s profits fell well short of Wall Street''s expectations, but FedEx said Thursday that it will be raising rates on Express, Ground and Home Delivery services by 6.9% to offset slumping profits. On FedEx''s earnings call Thursday, the company said its shipping volumes dropped in the fourth quarter, a phenomenon that accelerated in the final weeks of the quarter. Related Link: How To Trade FedEx Stock After Q1 Earnings Pop Losing Share: Shareholders of FedEx competitors DHL and United Parcel Service Inc. (NYSE: UPS ) are paying particularly close attention to FedEx''s numbers. Fortunately, FedEx noted that service … Full story available on Benzinga.com