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How about some rampant speculation?
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<blockquote data-quote="newgirl" data-source="post: 949849" data-attributes="member: 30504"><p>Yea, more rampant speculation. Let's see, bbsam said 28% spike in volume July 1st. Right after the new fiscal year. When do we report our numbers (earnings)? With a number that distinct, (if bbsam isn't pulling our collective legs) then it has to be a segment of our deliveries, not one shipper. Could we have struck a deal with a big shipper that starts in the new fiscal year and promised them ground shipping with time-definite service at no extra cost? I would think that the UPS guys would have heard rumors that someone was leaving, that's a lot of freight. </p><p></p><p>From Sept earnings release "<span style="color: #666666"><span style="font-family: 'Arial'">"The U.S. and global economy grew at a slower rate than we anticipated during the quarter," said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. "While FedEx Ground and FedEx Freight achieved improved operating results despite lower than expected growth,<strong> the more rapid decline in demand for FedEx Express services, particularly from Asia, outpaced our ability to reduce operating costs</strong>. We have slightly reduced our earnings forecast to reflect current business conditions and are aggressively working to adjust our cost structure to match demand levels."</span></span></p><p></p><p>Forewarned is forearmed I guess.</p></blockquote><p></p>
[QUOTE="newgirl, post: 949849, member: 30504"] Yea, more rampant speculation. Let's see, bbsam said 28% spike in volume July 1st. Right after the new fiscal year. When do we report our numbers (earnings)? With a number that distinct, (if bbsam isn't pulling our collective legs) then it has to be a segment of our deliveries, not one shipper. Could we have struck a deal with a big shipper that starts in the new fiscal year and promised them ground shipping with time-definite service at no extra cost? I would think that the UPS guys would have heard rumors that someone was leaving, that's a lot of freight. From Sept earnings release "[COLOR=#666666][FONT=Arial]"The U.S. and global economy grew at a slower rate than we anticipated during the quarter," said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. "While FedEx Ground and FedEx Freight achieved improved operating results despite lower than expected growth,[B] the more rapid decline in demand for FedEx Express services, particularly from Asia, outpaced our ability to reduce operating costs[/B]. We have slightly reduced our earnings forecast to reflect current business conditions and are aggressively working to adjust our cost structure to match demand levels."[/FONT][/COLOR] Forewarned is forearmed I guess. [/QUOTE]
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