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The Latest FedEx Headlines
FedEx Rises as It Says Quarterly Profit Beat Forecast
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<blockquote data-quote="cheryl" data-source="post: 598189" data-attributes="member: 1"><p><strong>FedEx Rises as It Says Quarterly Profit Beat Forecast- Bloomberg</strong></p><p></p><p>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. </p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 598189, member: 1"] [B]FedEx Rises as It Says Quarterly Profit Beat Forecast- Bloomberg[/B] 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. [/QUOTE]
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