FedEx and UPS gear up for more tough times

Discussion in 'The Latest UPS Headlines' started by cheryl, Mar 20, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx and UPS gear up for more tough times - Yahoo

    Despite gaining new customers from the shrinking U.S. presence of DHL and lower fuel prices, the world's two largest package delivery companies are battening down the hatches as they prepare for weak global economic conditions to get even worse.

    Economists and analysts consider FedEx and larger rival UPS to be bellwethers of the global economy, since they deal with such basic indicators of company health as orders and product shipments. Both companies have been courting former customers of DHL, which pulled out of ground deliveries in the U.S. earlier this year.