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The Latest FedEx Headlines
FedEx Seen Caught in Shipping Shift as Cheap Trumps Quick
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<blockquote data-quote="cheryl" data-source="post: 1027972" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2012-09-19/fedex-seen-caught-in-shipping-shift-as-cheap-trumps-quick.html" target="_blank"><strong>FedEx Seen Caught in Shipping Shift as Cheap Trumps Quick - Bloomberg</strong></a></p><p></p><p>The operator of the world’s largest cargo airline may be seeing a more permanent change in its market, as customers turn to cheaper, slower ground deliveries and even ocean shipping. It’s an evolution that threatens to touch United Parcel Service Inc. (UPS) and Deutsche Post AG (DPW)’s DHL Worldwide Express, too.</p><p></p><p>“There has been a secular shift from ‘got to get it there overnight’ to more deferred products,” said Jeff Kauffman, a Sterne Agee & Leach Inc. analyst in New York. “Not because they can’t afford it, but because they are finding out the deferred choices are just as time specific.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 1027972, member: 1"] [URL="http://www.bloomberg.com/news/2012-09-19/fedex-seen-caught-in-shipping-shift-as-cheap-trumps-quick.html"][B]FedEx Seen Caught in Shipping Shift as Cheap Trumps Quick - Bloomberg[/B][/URL] The operator of the world’s largest cargo airline may be seeing a more permanent change in its market, as customers turn to cheaper, slower ground deliveries and even ocean shipping. It’s an evolution that threatens to touch United Parcel Service Inc. (UPS) and Deutsche Post AG (DPW)’s DHL Worldwide Express, too. “There has been a secular shift from ‘got to get it there overnight’ to more deferred products,” said Jeff Kauffman, a Sterne Agee & Leach Inc. analyst in New York. “Not because they can’t afford it, but because they are finding out the deferred choices are just as time specific.” [/QUOTE]
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