FedEx Sees Flat Shipments in Fiscal 2010

Discussion in 'FedEx' started by rookietrucker, Jul 16, 2009.

Jul 16, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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FedEx Sees Flat Shipments in Fiscal 2010

FedEx Corp. predicted that shipping volumes will remain relatively flat in the fiscal year started last month amid continued softness in demand, Bloomberg reported.

Revenue for the year ending in May 2010 will be negatively impacted on lower prices and intense competition, the parcel carrier said Wednesday in its annual report. The FedEx Express unit will likely have flat volumes in the fiscal year, Bloomberg said.

Chief Financial Officer Alan Graf said last month that the economy was so volatile that FedEx couldnt give a full-year earnings forecast, Bloomberg said.

FedEx Sees Flat Shipments in Fiscal 2010
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rookietrucker, Jul 16, 2009

rookietrucker, Jul 16, 2009

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