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The Latest UPS Headlines
FedEx, UPS Signal Export-Led U.S. Growth Momentum
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<blockquote data-quote="cheryl" data-source="post: 755600" data-attributes="member: 1"><p><strong><u><a href="http://www.bloomberg.com/news/2010-07-27/fedex-joins-ups-to-signal-export-led-growth-in-u-s-economy-gains-momentum.html" target="_blank">FedEx, UPS Signal Export-Led U.S. Growth Momentum - Bloomberg</a></u></strong></p><p> </p><p>FedEx Corp. and United Parcel Service Inc., two bellwethers of the U.S. economy, are signaling durability of a global recovery powered by growth overseas rather than demand at home. </p><p> </p><p>Both freight companies raised profit forecasts in recent days on the strength of cross-border shipments, especially from Asia, reflecting confidence in trade flows even as the European debt crisis threatens to weaken global demand. </p><p> </p><p>FedEx and UPS are also benefiting from a reduction in airfreight capacity over the last three years as carriers parked planes and passenger airlines including Delta Air Lines Inc., the world’s largest carrier, got rid of dedicated freighters.</p></blockquote><p></p>
[QUOTE="cheryl, post: 755600, member: 1"] [B][U][URL="http://www.bloomberg.com/news/2010-07-27/fedex-joins-ups-to-signal-export-led-growth-in-u-s-economy-gains-momentum.html"]FedEx, UPS Signal Export-Led U.S. Growth Momentum - Bloomberg[/URL][/U][/B] FedEx Corp. and United Parcel Service Inc., two bellwethers of the U.S. economy, are signaling durability of a global recovery powered by growth overseas rather than demand at home. Both freight companies raised profit forecasts in recent days on the strength of cross-border shipments, especially from Asia, reflecting confidence in trade flows even as the European debt crisis threatens to weaken global demand. FedEx and UPS are also benefiting from a reduction in airfreight capacity over the last three years as carriers parked planes and passenger airlines including Delta Air Lines Inc., the world’s largest carrier, got rid of dedicated freighters. [/QUOTE]
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FedEx, UPS Signal Export-Led U.S. Growth Momentum
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