Ahead of the Bell: Cheaper fuel could help UPS 3Q

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 10, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Ahead of the Bell: Cheaper fuel could help UPS 3Q - CNN Money

    A JPMorgan analyst on Wednesday suggested that United Parcel Service Inc., the world's largest shipping carrier, might beat Wall Street's earnings expectations in the third quarter following a slide in fuel prices.

    Analyst Thomas Wadewitz noted the company will likely benefit from the decline in fuel prices much like its chief competitor FedEx Corp., which raised its quarterly forecast late Tuesday.