Freight forwarder FedEx reported revenue growth of just 2.9% year over year in the fiscal quarter to May 31, alongside declining profitability which saw its EBITDA margin decline compared to a year earlier for the ninth straight quarter. The firm faces two risks going forward from the U.S.-China trade war. From a fundamental perspective CEO Fred Smith has flagged that “global trade disputes and low global growth rates create significant uncertainty for the Express business”. The firm is also trapped in the middle of U.S. export sanctions against Chinese technology purchase...