FedEx gives positive outlook; freight unit to rebound

Discussion in 'General Trucking Discussion' started by Maria, Mar 18, 2011.

  1. Maria

    Maria Diet Coke Staff Member

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    FedEx Corp. says slow-but-steady economic growth should produce strong earnings for the current quarter, although fuel prices and Mideast turmoil remain big uncertainties.

    The world's second-largest package delivery company was upbeat about the fourth quarter and year ending in May, saying revenue should continue to improve and its freight unit should return to profitability after 6 money-losing quarters.

    FedEx issued the outlook on Thursday as it reported that third-quarter earnings fell 3 percent. Rising fuel prices and harsh winter weather offset a double-digit rise in revenue.

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  3. boone315

    boone315 SPACE TRUCKING

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    I just read somewhere that FedEx lost a couple hundred million $$ last quarter. Positive outlook?
     
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