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This is a discussion on Discuss: FedEx Rises as It Says Quarterly Profit Beat Forecast within the The Latest FedEx Headlines forums, part of the The Competition category; FedEx Rises as It Says Quarterly Profit Beat Forecast- Bloomberg FedEx Corp. rose to an 11-month high in New York ...
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Old 09-11-2009, 09:03 AM   #1
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Default Discuss: FedEx Rises as It Says Quarterly Profit Beat Forecast
FedEx Rises as It Says Quarterly Profit Beat Forecast- 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.

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.
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