Freight forwarder Fedex reported a 22.7% drop in EBITDA in fiscal Q3 to February 29. That included a 5.3% year over year slide in freight volumes to the worst quarterly result since FQ3 2017. The firm has cited coronavirus-related disruptions as a driver of lower volumes. Uncertainty about the disease’s spread has led the firm to cut its earnings guidance. FedEx is also “attacking costs throughout the company” to “mitigate these near-term headwinds”. So far the impact of coronavirus has been seen in China-outbound volumes. U.S. seaborne imports from China linked to the firm dropped 23.9%...