The company gave a fairly robust forecast for its fiscal 2017 year, which assumes continued moderate economic growth.
In a conference call with analysts, the company said it expects the U.S. economy to grow at a rate of 1.8 percent in 2016, below its previous forecast of 2.2 percent. FedEx said it expects consumer spending to lead U.S. economic growth of 2.4 percent in 2017.
When asked by analysts what issues in the upcoming U.S. presidential election concern the company most, Chief Executive Fred Smith said "we have a hard time putting up a list of the things that don't concern us giving the two candidates positions," especially "the anti-trade rhetoric."
"Hopefully, after the election cooler heads will prevail," he said.
Smith added that China has been "quite mercantilist in its trade policies but the way to deal with that is to negotiate with China and not to threaten them."
The Memphis-based company posted a loss for its fiscal fourth quarter ending May 31 of $70 million, or 26 cents per share, an improvement over the loss of $895 million, or $3.16 per share, it posted a year earlier.
Excluding charges, FedEx posted quarterly net income of $879 million, or $3.30 per share. Charges for pensions totaled $3.47 per share. TNT-related charges amounted to 34 cents per share. FedEx completed its acquisition of TNT in May.