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FedEx Discussions
From The Chairman: Fuel Prices
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<blockquote data-quote="MrFedEx" data-source="post: 1509313" data-attributes="member: 12508"><p>Revenue is down? Uh...no. In fact, FedEx acknowledged in a Friday press release that they were enjoying a mild profit bump due to <strong>lower fuel prices. </strong>Where I live, gas is at 50% of what it was 2 years ago, and so is diesel. Jet-A is essentially a variation of diesel fuel, so they are saving huge money on fuel. FedEx probably has fuel options they purchased when prices were up, but now they can just buy on the open market. The fuel surcharge could never make-up a 50% drop.</p><p></p><p>Read your Wall Street Journal.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1509313, member: 12508"] Revenue is down? Uh...no. In fact, FedEx acknowledged in a Friday press release that they were enjoying a mild profit bump due to [B]lower fuel prices. [/B]Where I live, gas is at 50% of what it was 2 years ago, and so is diesel. Jet-A is essentially a variation of diesel fuel, so they are saving huge money on fuel. FedEx probably has fuel options they purchased when prices were up, but now they can just buy on the open market. The fuel surcharge could never make-up a 50% drop. Read your Wall Street Journal. [/QUOTE]
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