FedEx just reported a bad outlook for 2024, with declining revenue and freight volumes. A signal that the US Economy is not as as strong as people think heading into the new year.

In particular: FedEx lowered their revenue outlook for 2024 and also reported a near 30% decline in shipping freight volumes from the levels during the pandemic. The reason FedEx is struggling is due to an ongoing Freight Recession in America, that is due to an oversupply of trucks and not enough goods to ship.

This Freight Recession has led to companies such as Yellow Corporation, one of America's largest trucking companies, to declare bankruptcy.

One has to wonder: if the issues for FedEx and the trucking industry continue, will we the recession spread in 2024?
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