FedEx, UPS Signal Export-Led U.S. Growth Momentum

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 27, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx, UPS Signal Export-Led U.S. Growth Momentum - Bloomberg

    FedEx Corp. and United Parcel Service Inc., two bellwethers of the U.S. economy, are signaling durability of a global recovery powered by growth overseas rather than demand at home.

    Both freight companies raised profit forecasts in recent days on the strength of cross-border shipments, especially from Asia, reflecting confidence in trade flows even as the European debt crisis threatens to weaken global demand.

    FedEx and UPS are also benefiting from a reduction in airfreight capacity over the last three years as carriers parked planes and passenger airlines including Delta Air Lines Inc., the world’s largest carrier, got rid of dedicated freighters.