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Discuss: Let’s retire the FedEx barometer cliche

This is a discussion on Discuss: Let’s retire the FedEx barometer cliche within the The Latest UPS Headlines forums, part of the Brown Cafe UPS Forum category; Let’s retire the FedEx barometer cliche - Fortune FedEx Corp is having a tough morning, having announced a 6% drop ...
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Old 03-21-2008, 09:56 AM   #1
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Default Discuss: Let’s retire the FedEx barometer cliche
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.
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