Thursday, March 22, 2012

What are some current events in your industry? What is the impact of these events on the industry

Fedex recently reported that its United States express business dropped 4 percent. It also reported that "earnings for its fiscal third quarter more than doubled, helped by higher prices and strong holiday shipping." The company is reducing its work force due to wrong economic growth predictions.
The stock of Fedex, however, has risen more than expected. This is fairly big because this means Fedex is making more money and with UPS trying to make a blockbuster deal over in Europe, could almost throw things off with the deal. Maybe with all this new money Fedex is making, it could try to make a deal over in Europe.

http://online.wsj.com/article/SB10001424052702304636404577297191613373980.html?mod=WSJ_Transportation_leftHeadlines
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1 comment:

  1. Kadeem R. CollinsMarch 27, 2012 at 10:42 AM

    With UPS focusing on Europe, and Fedex rising in the ranks within the U.S., do you think UPS will ultimately surpass Fedex globally?

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