FedEx and UPS Still Wait - Wall Street Journal
FedEx Corp. and United Parcel Service Inc. early this year forecast that the economic downwind soon would change course, generating a recovery in the delivery business.
Instead, the shipping companies have found themselves at the center of a storm that threatens to worsen. The retail-spending slump and the housing-market collapse -- two of the strongest drivers of shipments of manufactured goods and materials -- have drained the companies' core business. Rising oil prices are eroding their revenues and show no signs of ebbing.
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