Things Must Be Picking Up?
09-08-2009, 06:02 AM
#21
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Joined APC: Jan 2008
Position: MD-11 Captain
Posts: 21
"Large coffee, please" 
Hey Sean, looked like your Hokies could have used some caffiene on Saturday night!
I know this is off topic, but I couldn't resist...I seem to remember some bragging a few months ago.
Go Gators!
WWTTD
Hey Sean, looked like your Hokies could have used some caffiene on Saturday night!
I know this is off topic, but I couldn't resist...I seem to remember some bragging a few months ago.
Go Gators!
WWTTD
09-08-2009, 06:19 AM
#22
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Joined APC: Jul 2006
Position: The Right One
Posts: 588
Originally Posted by vagabond
The original business model includes free WiFi, but I probably won't offer it until later. Can't really afford a router right now and more importantly, I don't want people using my WiFi to spam others or surf porn while sitting outside in the parking lot.
Anyway, sorry for contributing to the extreme thread drift in my own thread no less.
Anyway, sorry for contributing to the extreme thread drift in my own thread no less.
I travel all over the world like most of us, and during a layover, I will go blocks out of my way on foot to go to a a place with free WiFi to use while I enjoy that overpriced regular coffee and 2 1/2 day old muffin. Not to mention a place to use that skype application on the iPhone.
Anecdotally (sp) we have seen a slight uptick in bid-ness lately.
Fly safe out there.
SD
09-08-2009, 06:40 AM
#23
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Joined APC: Aug 2006
Posts: 1,433
09-09-2009, 02:41 PM
#25
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Thread Starter
Joined APC: May 2006
Position: C-172
Posts: 8,024
Just a quick update: thanks in advance to FedEx for shipping out the new parts I need for my busted coffee brewer, ice tea brewer and a new fan cycling switch for my ice machine. The cost was $10 more than if I chose Ground, but they will get here in 3 days time. After all the money I've spent, what's a little more. And what kind of a coffee shop has a non-functioning coffee brewer anyway??
Next stop is for a router to get my free WiFi going. So what if someone will use it to spam or surf porn? I'll just join them, I guess! And SabreDriver - will you walk to my shop from SEA? If you do, I promise you 5 free lattes! You are Da Man.
Things are picking up. Perhaps not in the passenger side, but certainly businesses are doing something positive. I also remain hopeful in the American consumer's capacity to bring us out of this slump.
Next stop is for a router to get my free WiFi going. So what if someone will use it to spam or surf porn? I'll just join them, I guess! And SabreDriver - will you walk to my shop from SEA? If you do, I promise you 5 free lattes! You are Da Man.
Things are picking up. Perhaps not in the passenger side, but certainly businesses are doing something positive. I also remain hopeful in the American consumer's capacity to bring us out of this slump.
09-09-2009, 02:55 PM
#26
Gets Weekends Off
Joined APC: Mar 2006
Posts: 3,333
Originally Posted by vagabond
... Next stop is for a router to get my free WiFi going. So what if someone will use it to spam or surf porn? I'll just join them, I guess! ...
IF someone does surf porn there - which I doubt as most people like privacy when they do that - or so I've heard
- he/she will still be spending money on coffee, tea, donuts, etc. which is good for your bidnez.Good luck!
09-09-2009, 03:35 PM
#27
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Joined APC: Aug 2006
Posts: 3,931
Originally Posted by vagabond
Just a quick update: thanks in advance to FedEx for shipping out the new parts I need for my busted coffee brewer, ice tea brewer and a new fan cycling switch for my ice machine. The cost was $10 more than if I chose Ground, but they will get here in 3 days time.
I'll be coming by if I can get to SEA.
09-09-2009, 05:50 PM
#28
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Joined APC: Jul 2006
Position: 767 Cap
Posts: 1,306
Originally Posted by vagabond
Next stop is for a router to get my free WiFi going. So what if someone will use it to spam or surf porn? I'll just join them, I guess!
09-11-2009, 09:36 AM
#29
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Joined APC: Mar 2006
Posts: 3,333
More signs of a recovery...
FedEx Rises as It Says Quarterly Profit Beat Forecast (Update4)
By Mary Schlangenstein
Sept. 11 (Bloomberg) -- FedEx Corp. rose to an 11-month high in New York trading after the second-largest U.S. package- shipping company said first-quarter profit topped its forecast.
Earnings for the quarter ended Aug. 31 will be 58 cents a share, the Memphis, Tennessee-based company said today in posting preliminary results. FedEx had forecast 30 cents to 45 cents, and the average of 15 analyst estimates compiled by Bloomberg was for 45 cents.
FedEx’s announcement suggests shipping demand is starting to pick up, particularly for higher-priced international service. FedEx and larger rival United Parcel Service Inc. are considered proxies for the U.S. economy because they handle almost 80 percent of domestic package shipments.
“Today’s news shows continued progress in the global economic recovery we have been looking for,” Jim Corridore, a Standard & Poor’s equity analyst in New York, said in a note. Corridore, who recommends buying FedEx shares, raised his full- year earnings estimate to $3.26 a share from $2.63.
Helane Becker, a Jesup & Lamont Securities analyst in New York, said international growth will be in the Asia-Pacific region and the Indian subcontinent, rather than between Asia and the U.S. or Asia and Europe.
“Growth will be outside the U.S.,” said Becker, who recommends buying the shares. “FedEx participates in worldwide growth.”
FedEx rose $4.35, or 6 percent, to $77.01 at 12:57 p.m. in New York Stock Exchange composite trading, after increasing as much as 7.8 percent. It was the biggest intraday gain since July 16 and pushed the shares to the highest since Oct 7.
‘Cost Controls’
The earnings topped the forecast “thanks to better-than- expected FedEx International Priority volume, strict cost controls and solid execution of our strategy,” Chief Financial Officer Alan Graf said in a statement.
The first-quarter profit is a 53 percent decline from a year earlier, FedEx said. The company will report final results for the period on Sept. 17.
Second-quarter earnings will fall to 65 cents to 95 cents a share from $1.58 a year earlier, when the company benefited from rapidly declining fuel prices and a lag in the reduction of fuel surcharges that had been in place, FedEx said. The average of 15 analyst estimates was 71 cents.
‘Continued Modest Recovery’
The second-quarter forecast “reflects the current outlook for fuel prices and a continued modest recovery in the global economy,” FedEx said in the statement. Graf said that “despite some encouraging signs in the global economy, it is difficult to predict the timing and pace of any economic recovery.”
FedEx’s 20 percent share-price gain this year is outpacing those of the Standard & Poor’s 500 Index and UPS, the biggest package-delivery company. The S&P has climbed 16 percent, while Atlanta-based UPS has gained 5.1 percent.
That signals investor optimism that FedEx’s results are climbing past a “wall of worry,” Gary Chase, an analyst at New York-based Barclays Capital, wrote in a Sept. 8 note to clients. He estimated first-quarter profit of 53 cents a share.
FedEx also said today that the U.S. Internal Revenue Service plans to assess $14 million in taxes and penalties, plus interest, on the company to cover 2002 federal employment and withholding taxes for independent contractors working for the FedEx Home Delivery division. FedEx said in a U.S. regulatory filing that it will contest the findings.
“We believe that we have strong defenses to the proposed assessment and will vigorously defend our position, as we continue to believe that all of FedEx Ground’s independent contractors, including those providing the FedEx Home Delivery service, are independent contractors,” the company said.
An IRS audit team proposed no similar assessments for other FedEx Ground contractors. FedEx contract drivers in several states have sued the company, claiming they deserve benefits because FedEx treats them as full-time workers by mandating hours, pricing and the clothing they wear.
To contact the reporter on this story: Mary Schlangenstein in Dallas at [email protected]
Last Updated: September 11, 2009 12:58 EDT
By Mary Schlangenstein
Sept. 11 (Bloomberg) -- FedEx Corp. rose to an 11-month high in New York trading after the second-largest U.S. package- shipping company said first-quarter profit topped its forecast.
Earnings for the quarter ended Aug. 31 will be 58 cents a share, the Memphis, Tennessee-based company said today in posting preliminary results. FedEx had forecast 30 cents to 45 cents, and the average of 15 analyst estimates compiled by Bloomberg was for 45 cents.
FedEx’s announcement suggests shipping demand is starting to pick up, particularly for higher-priced international service. FedEx and larger rival United Parcel Service Inc. are considered proxies for the U.S. economy because they handle almost 80 percent of domestic package shipments.
“Today’s news shows continued progress in the global economic recovery we have been looking for,” Jim Corridore, a Standard & Poor’s equity analyst in New York, said in a note. Corridore, who recommends buying FedEx shares, raised his full- year earnings estimate to $3.26 a share from $2.63.
Helane Becker, a Jesup & Lamont Securities analyst in New York, said international growth will be in the Asia-Pacific region and the Indian subcontinent, rather than between Asia and the U.S. or Asia and Europe.
“Growth will be outside the U.S.,” said Becker, who recommends buying the shares. “FedEx participates in worldwide growth.”
FedEx rose $4.35, or 6 percent, to $77.01 at 12:57 p.m. in New York Stock Exchange composite trading, after increasing as much as 7.8 percent. It was the biggest intraday gain since July 16 and pushed the shares to the highest since Oct 7.
‘Cost Controls’
The earnings topped the forecast “thanks to better-than- expected FedEx International Priority volume, strict cost controls and solid execution of our strategy,” Chief Financial Officer Alan Graf said in a statement.
The first-quarter profit is a 53 percent decline from a year earlier, FedEx said. The company will report final results for the period on Sept. 17.
Second-quarter earnings will fall to 65 cents to 95 cents a share from $1.58 a year earlier, when the company benefited from rapidly declining fuel prices and a lag in the reduction of fuel surcharges that had been in place, FedEx said. The average of 15 analyst estimates was 71 cents.
‘Continued Modest Recovery’
The second-quarter forecast “reflects the current outlook for fuel prices and a continued modest recovery in the global economy,” FedEx said in the statement. Graf said that “despite some encouraging signs in the global economy, it is difficult to predict the timing and pace of any economic recovery.”
FedEx’s 20 percent share-price gain this year is outpacing those of the Standard & Poor’s 500 Index and UPS, the biggest package-delivery company. The S&P has climbed 16 percent, while Atlanta-based UPS has gained 5.1 percent.
That signals investor optimism that FedEx’s results are climbing past a “wall of worry,” Gary Chase, an analyst at New York-based Barclays Capital, wrote in a Sept. 8 note to clients. He estimated first-quarter profit of 53 cents a share.
FedEx also said today that the U.S. Internal Revenue Service plans to assess $14 million in taxes and penalties, plus interest, on the company to cover 2002 federal employment and withholding taxes for independent contractors working for the FedEx Home Delivery division. FedEx said in a U.S. regulatory filing that it will contest the findings.
“We believe that we have strong defenses to the proposed assessment and will vigorously defend our position, as we continue to believe that all of FedEx Ground’s independent contractors, including those providing the FedEx Home Delivery service, are independent contractors,” the company said.
An IRS audit team proposed no similar assessments for other FedEx Ground contractors. FedEx contract drivers in several states have sued the company, claiming they deserve benefits because FedEx treats them as full-time workers by mandating hours, pricing and the clothing they wear.
To contact the reporter on this story: Mary Schlangenstein in Dallas at [email protected]
Last Updated: September 11, 2009 12:58 EDT
09-11-2009, 01:04 PM
#30
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Joined APC: Mar 2006
Posts: 3,333
FedEx: We'll deliver better profits
Shares jump after delivery company announces improved outlook for next two quarters on recovery signs and stabilizing fuel prices.
September 11, 2009: 10:15 AM ET
NEW YORK (Reuters) -- FedEx Corp. said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4% to their best level in nearly a year.
FedEx (FDX, Fortune 500) said it now expected to report first-quarter earnings of 58 cents per share and second-quarter earnings of 65 cents to 95 cents per share.
That compares with analyst expectations of 43 cents for the first quarter and 70 cents for the second.
The improved outlook "reflects the current outlook for fuel prices and a continued modest recovery in the global economy," the company said in a statement. Its earlier forecast had called for fiscal first-quarter earnings of 30 cents to 45 cents per share.
"This company is very well positioned to benefit from any, even a very modest, economic recovery," said Edward Jones analyst Daniel Ortwerth. "You're talking about planes that are out there flying around and not very full. You put more packages on them and the margins improve."
The news could also bode well for FedEx's main U.S. rival, United Parcel Service (UPS, Fortune 500), he noted.
"This will benefit FedEx more than UPS because they've been the trend-setter in international delivery," Ortwerth said.
FedEx shares were up $3.83 to $76.49 in early trading, while UPS rose $1.70 to $58, both on on the New York Stock Exchange.
Shares of Deutsche Post, parent of DHL, rose 3.8% in German trading.
The rally put FedEx shares at their best level since October 2008.
FedEx stock has more than doubled since lows in early March, outperforming UPS, the S&P 500 index (SPX) and the Dow Jones transports index.
FedEx is set to report full results on Sept. 17.
Shares jump after delivery company announces improved outlook for next two quarters on recovery signs and stabilizing fuel prices.
September 11, 2009: 10:15 AM ET
NEW YORK (Reuters) -- FedEx Corp. said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4% to their best level in nearly a year.
FedEx (FDX, Fortune 500) said it now expected to report first-quarter earnings of 58 cents per share and second-quarter earnings of 65 cents to 95 cents per share.
That compares with analyst expectations of 43 cents for the first quarter and 70 cents for the second.
The improved outlook "reflects the current outlook for fuel prices and a continued modest recovery in the global economy," the company said in a statement. Its earlier forecast had called for fiscal first-quarter earnings of 30 cents to 45 cents per share.
"This company is very well positioned to benefit from any, even a very modest, economic recovery," said Edward Jones analyst Daniel Ortwerth. "You're talking about planes that are out there flying around and not very full. You put more packages on them and the margins improve."
The news could also bode well for FedEx's main U.S. rival, United Parcel Service (UPS, Fortune 500), he noted.
"This will benefit FedEx more than UPS because they've been the trend-setter in international delivery," Ortwerth said.
FedEx shares were up $3.83 to $76.49 in early trading, while UPS rose $1.70 to $58, both on on the New York Stock Exchange.
Shares of Deutsche Post, parent of DHL, rose 3.8% in German trading.
The rally put FedEx shares at their best level since October 2008.
FedEx stock has more than doubled since lows in early March, outperforming UPS, the S&P 500 index (SPX) and the Dow Jones transports index.
FedEx is set to report full results on Sept. 17.
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