Fred Smith comments on CNBC
05-12-2006, 09:32 AM
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Fred Smith comments on CNBC
I watched our illustrious leader earlier this week, and here's what he had to say.
He says the economy is in a boom. He said 3 or 4 times how optimistic he is about the U.S. and World economies, despite the spike in oil prices. Speaking of oil, he said that FedEx is adjusting its fuel surcharges month to month. It stands right now at 13.5 percent on overnight packages.
The only negative sentiments he raised were that there are now hints of inflation, and that oil could still go higher. On that, however, he said "but markets work." Meaning more costly oil drives demand down, and a push towards alternative energies.
He says the economy is in a boom. He said 3 or 4 times how optimistic he is about the U.S. and World economies, despite the spike in oil prices. Speaking of oil, he said that FedEx is adjusting its fuel surcharges month to month. It stands right now at 13.5 percent on overnight packages.
The only negative sentiments he raised were that there are now hints of inflation, and that oil could still go higher. On that, however, he said "but markets work." Meaning more costly oil drives demand down, and a push towards alternative energies.
05-12-2006, 05:32 PM
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Did you find the comments he made about the 'open skies' legislation intersting also? The way I interpreted it was that FedEx would eventually be able to use non-US pilots at some point down the road. Maybe I am just being paranoid, but in a round about way I thought that that was what he was implying.
05-14-2006, 09:47 AM
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Originally Posted by Geronimo4497
Did you find the comments he made about the 'open skies' legislation intersting also? The way I interpreted it was that FedEx would eventually be able to use non-US pilots at some point down the road. Maybe I am just being paranoid, but in a round about way I thought that that was what he was implying.
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