FedEx and UPS Still Wait

Discussion in 'The Latest UPS Headlines' started by cheryl, May 15, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    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.