'There is a lot of whistling past the graveyard about the US consumer and the United States economy versus what's going on globally.'
The shipping giant expects it to grow 2.3% this year — down from the 2.5% it projected in June.
CEO Fred Smith chalked up the"vast majority" of that drop to the macroeconomic backdrop. He also warned the US may be ignoring overseas challenges."There is a lot of whistling past the graveyard about the US consumer and the United States economy versus what's going on globally," Smith said on the call.
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