Friday, September 23, 2011

Fed Ex as "bellweather"

FedEx is considered a good indicator of how the economy is doing. It use
to be just the U.S. economy, but because they have become so big in the
global market, it appears they are also a good indicator for the entire
global economy.

This just reported.

"The U.S. and global economy grew at a slower rate than we anticipated during the quarter," said Chief Financial Officer Alan B. Graf. "While FedEx Ground and FedEx Freight achieved improved operating results despite lower than expected growth, the more rapid decline in demand for FedEx Express services, particularly from Asia, outpaced our ability to reduce operating costs."

Click here for rest of story from Journal of Commerce

No comments: