FedEx Fouls Up - Motley Fool
Don't say you weren't warned.
For some time now, I've been pretty critical of FedEx's (NYSE: FDX) plans to "enhance the customer experience, gain market share, reduce expenses, [and] improve profits." (Great ideas in theory, but in practice, management seems to think it can accomplish these tasks through the expedient of raising prices.) I've also received my share of flak from angry shareholders who think that management knows what it's doing -- despite strong evidence to the contrary. Yesterday, I think FedEx proved me right.
Don't say you weren't warned.
For some time now, I've been pretty critical of FedEx's (NYSE: FDX) plans to "enhance the customer experience, gain market share, reduce expenses, [and] improve profits." (Great ideas in theory, but in practice, management seems to think it can accomplish these tasks through the expedient of raising prices.) I've also received my share of flak from angry shareholders who think that management knows what it's doing -- despite strong evidence to the contrary. Yesterday, I think FedEx proved me right.