FedEx: Still Packing Up Profit

Discussion in 'The Latest FedEx Headlines' started by cheryl, Nov 19, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx: Still Packing Up Profit - Smart Money

    Although the global economy remains shaky, FedEx has upside for the long haul. It has a growing footprint in big overseas markets like China, enough operating leverage to boost earnings when volumes ramp up, and solid growth at its very profitable FedEx Ground unit. In fact, FedEx and its main rival, United Parcel Service, "are likely to become a global duopoly, and both companies have nearly insurmountable barriers to entry," says Keith Schoonmaker, a senior stock analyst at Morningstar.