FedEx will close one of its facilities in Omaha in September as part of a multi-year consolidation.

The layoffs will impact 81 employees at the company's facility on Herrmann Drive in Garland and 50 employees at the FedEx facility on Capital Avenue in Plano.

FedEx expects a $170 million financial hit this quarter due to President Trump’s trade war, after a change in tariff rules crushed demand for packages shipped to the U.S. from China.

FedEx Earnings: Residential Package Volumes Still Healthy, but We Expect a Near-Term Slowdown The firm expects fiscal first-quarter consolidated revenue to come in flat to up 2% year over year.

FedEx shares plunged 2.4% Wednesday after the shipping giant revealed a disappointing profit forecast as President Trump’s tariffs weigh on global transit.

FedEx cites China tariffs and end of de minimis rule as key drivers of a $170 million hit, prompting it to cut its annual forecast for the year.

Fred Smith, FedEx’s billionaire founder and CEO, dies at 80 Overseeing a fleet of planes from his headquarters in Memphis, he transformed package delivery by promising overnight shipments.

FedEx shares fell in extended trading Tuesday as the shipping giant suspended its full-year forecast.

FedEx reported fourth-quarter revenue of $22.2 billion, beating analyst estimates of $21.84 billion, according to Benzinga Pro.

Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80.