Originally Posted by FDX1

Interesting read Albie...

There has been mode shift, but it has had a larger impact on the Freight Forwarder business (this is our FedEx Trade Network Services), than with our traditional Express Network. Goods typically shipped in our Trade Network are of lower value and can be moved using a combination of rail, ocean, and air freight. The higher value Express freight, has taken a hit as well but the Company has been successful at utilizing belly freight to move lower yielding (dirty freight) onto that, while maximizing the high dollar, priority goods on our express freighters.

The market for J.I.T. shipping has softened over the past decade due to global economic pressures, but remains highly profitable and the largest piece of the FedEx revenue stream. It is not accurately measured in industrial articles that compare "freight forwarding" to global shipping trends. The current data suggests a stabilizing trend in the more important, express shipping trends, as compared to freight forwarding data.