fdx good news
11-18-2008, 07:48 PM
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fdx good news
Good news at the bottom
Sector Snap: Shares of shippers fall
Shares of shippers UPS and FedEx fall on UPS holiday uncertainty, FedEx hub delay
November 17, 2008: 02:20 PM EST
NEW YORK (Associated Press) - Shares of UPS Inc. and FedEx Corp. fell Monday as UPS said it won't project how many packages it expects to deliver on its peak holiday shipping day, and as FedEx delayed the opening of its new Asia-Pacific hub in China.
Each year since its 1999 IPO, UPS has projected how many packages it will deliver on its peak shipping day _ a barometer of sorts for the strength of the holiday retail and shipping season. But amid this year's market uncertainty, the company declined to provide a forecast or project how many seasonal employees it will hire this year.
Atlanta-based UPS cited the nation's 2.8 percent drop in October retail sales and other early indicators for its reluctance to make predictions. Last year, UPS delivered more than 22 million packages on its peak shipping day, Dec. 19, and hired about 60,000 seasonal employees.
Meanwhile, FedEx said its hub in Guangzhou, China won't open until the first half of 2009, instead of by the end of this year as originally planned. The hub in southern China will be the company's largest outside the U.S.
But better news may be on the horizon. With competitor DHL exiting the U.S. domestic shipping market on Jan. 30, Stifel Nicolaus analyst David Ross expects FedEx and UPS to garner enough business to more than make up for lower volumes related to the weak U.S. economy.
In a note to clients, Ross raised his earnings estimates on both companies: to $5.60 from $5.15 per share for FedEx's fiscal year ending in May 2009, and to $3.62 per share from $3.57 for UPS' year ending in December.Analysts surveyed by Thomson Reuters have estimated FedEx's full-year profit at $5.13 per share, and UPS' profit at $3.57 per share, on average.
UPS shares fell 44 cents to $52.70 in afternoon trading, while FedEx shares were down 57 cents to $63.80.
Sector Snap: Shares of shippers fall
Shares of shippers UPS and FedEx fall on UPS holiday uncertainty, FedEx hub delay
November 17, 2008: 02:20 PM EST
NEW YORK (Associated Press) - Shares of UPS Inc. and FedEx Corp. fell Monday as UPS said it won't project how many packages it expects to deliver on its peak holiday shipping day, and as FedEx delayed the opening of its new Asia-Pacific hub in China.
Each year since its 1999 IPO, UPS has projected how many packages it will deliver on its peak shipping day _ a barometer of sorts for the strength of the holiday retail and shipping season. But amid this year's market uncertainty, the company declined to provide a forecast or project how many seasonal employees it will hire this year.
Atlanta-based UPS cited the nation's 2.8 percent drop in October retail sales and other early indicators for its reluctance to make predictions. Last year, UPS delivered more than 22 million packages on its peak shipping day, Dec. 19, and hired about 60,000 seasonal employees.
Meanwhile, FedEx said its hub in Guangzhou, China won't open until the first half of 2009, instead of by the end of this year as originally planned. The hub in southern China will be the company's largest outside the U.S.
But better news may be on the horizon. With competitor DHL exiting the U.S. domestic shipping market on Jan. 30, Stifel Nicolaus analyst David Ross expects FedEx and UPS to garner enough business to more than make up for lower volumes related to the weak U.S. economy.
In a note to clients, Ross raised his earnings estimates on both companies: to $5.60 from $5.15 per share for FedEx's fiscal year ending in May 2009, and to $3.62 per share from $3.57 for UPS' year ending in December.Analysts surveyed by Thomson Reuters have estimated FedEx's full-year profit at $5.13 per share, and UPS' profit at $3.57 per share, on average.
UPS shares fell 44 cents to $52.70 in afternoon trading, while FedEx shares were down 57 cents to $63.80.
11-25-2008, 02:07 PM
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FDX CAN sort facility
11-25-2008, 02:21 PM
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Originally Posted by MaydayMark
11-25-2008, 03:44 PM
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Originally Posted by iarapilot
Sure glad we got a killer LOA for the HKG FDA. DW and BC really saved us with the ironclad scope language. Otherwise, China Southern would be flying all of FedEx's Asia freight!
11-25-2008, 05:08 PM
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Originally Posted by av8rmike
It wasn't 'ironclad', it was 'memorialized'. Whatever the heck that means... BTW, are you using sarcasm? I didn't think that was allowed on these boards!
11-26-2008, 12:00 AM
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Re: fdx good news?
After reading the highlighted portion - maybe a better title for your thread would've been "fdx & ups good news"? 
Disclaimer - in no way am I 'gloating' in DHL's demise and I hope for the very best for all DHL (ABX & Astar) employees. I'm merely responding to the slightly biased
summary of the article...
Disclaimer - in no way am I 'gloating' in DHL's demise and I hope for the very best for all DHL (ABX & Astar) employees. I'm merely responding to the slightly biased
summary of the article...
Originally Posted by viperdriver
Good news at the bottom
... But better news may be on the horizon. With competitor DHL exiting the U.S. domestic shipping market on Jan. 30, Stifel Nicolaus analyst David Ross expects FedEx and UPS to garner enough business to more than make up for lower volumes related to the weak U.S. economy.
In a note to clients, Ross raised his earnings estimates on both companies: to $5.60 from $5.15 per share for FedEx's fiscal year ending in May 2009, and to $3.62 per share from $3.57 for UPS' year ending in December ...
... But better news may be on the horizon. With competitor DHL exiting the U.S. domestic shipping market on Jan. 30, Stifel Nicolaus analyst David Ross expects FedEx and UPS to garner enough business to more than make up for lower volumes related to the weak U.S. economy.
In a note to clients, Ross raised his earnings estimates on both companies: to $5.60 from $5.15 per share for FedEx's fiscal year ending in May 2009, and to $3.62 per share from $3.57 for UPS' year ending in December ...
Last edited by ⌐ AV8OR WANNABE; 11-26-2008 at 12:05 AM.
11-26-2008, 12:23 AM
#8
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Originally Posted by av8rmike
It wasn't 'ironclad', it was 'memorialized'. Whatever the heck that means... BTW, are you using sarcasm? I didn't think that was allowed on these boards!
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