UBS slashes FedEx earnings estimates, citing tight labor market, rising wages

Published Fri, Sep 17 20216:55 AM EDTUpdated Fri, Sep 17 20219:27 AM EDT

A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC.

Drew Angerer | Getty Images News

The difficulty and rising expense of hiring new workers could show up in FedEx's bottom line, according to UBS.

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