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FedEx Submit Your DAC Report On This Trucking Company.

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^ Top   #1   05.12.2008

Cybergal Truck Forum Supporter   Last Seen: 04.16.2009 06.42 AM Member Since: Oct 2008 Posts: 13,844 My Trucking Photos: 27 Thanks: 2,066 Thanked: 2,556 Times My Truckers Blog : 16

FedEx outlook seen ominous for truckers FedEx outlook seen ominous for truckers 5/12/08 Quote: CHICAGO (Reuters) - FedEx Corp's Friday reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small U.S. trucking companies that have been hammered by both. "Trucking companies are getting squeezed at both ends -- by fuel costs and the fact that high gasoline costs are hurting consumers," said Lee Klaskow, an analyst at Longbow Research. "In recent downturns the (U.S.) consumer has shouldered the burden and eased the blow for trucking companies, but this time they may not be able to because of the price of fuel. "Smaller trucking companies in particular face extremely stiff headwinds." The U.S. trucking sector has been hit by weak demand since the third quarter of 2006, caused by lackluster retail and auto sales, the housing sector meltdown and faltering U.S. economic activity. Excess truck supply has pushed prices down, as competition for business is fierce. http://www.reuters.com/article/reute...28824520080512

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^ Top   #2   05.12.2008

BigDiesel MIA (Banned or Retired)   Last Seen: 06.10.2008 08.06 PM Member Since: Mar 2007 Location: Somewhere.... Trucker? 11 Years Posts: 151 My Trucking Photos: 0 Thanks: 5 Thanked: 3 Times

Of course FedEx, UPS are going to be doom and gloomers and spin to their advantage...... They want all the freight !!!

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