Let’s retire the FedEx barometer cliche

Discussion in 'The Latest FedEx Headlines' started by cheryl, Mar 21, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Let’s retire the FedEx barometer cliche - Fortune

    FedEx Corp is having a tough morning, having announced a 6% drop in third-quarter earnings and - perhaps more ominously - also disclosed that neither the fourth quarter nor next year look particularly rosy. That kind of talk gets a lot of jaws flapping, on the premise that shipping companies possess on-the-ground data about how businesses are really doing. I’ve heard that spin from FedEx officials before and quite reliably, Erin Burnett and Bertha Coombs started jabbering about the “FedEx barometer” some time before market opening on Thursday.