FedEx profit falls 18% on higher costs

Delivery: Barrels of oil on wheels. Pfftttt.....

Our business is in the shitter but in other news:

FedEx said it would buy MultiPack, a Mexican domestic express-delivery firm.

lmao

double down. F'kn A brother.:D

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Whatever happened to: All this extra business down the tubes absorbed by the leaders.

DHL has lost nearly $10 billion in the U.S. in the five years since it purchased Airborne Express in an attempt to challenge FedEx (FDX) and United Parcel Service (UPS).
 
Quote from ASusilovic:
----FedEx Corp. reported an 18% drop in second-quarter profit and missed its revenue target Thursday....
----the holiday season is going better than it expected.....
More...
The "bar" was set too "high". :eek: :(
 
there daily fuel cost was like doubled

fuel cost is more than labor cost for delivery of .

high oil prices good for oil specualtors and oil companeis but it bad for consumers an business...now fedex and delivery guys don't make profit they don't hire employees.

that is what you get unintended consequence of QE


Quote from ASusilovic:

NEW YORK (MarketWatch) — FedEx Corp. reported an 18% drop in second-quarter profit and missed its revenue target Thursday, but the Memphis package-delivery giant noted that the holiday season is going better than it expected. ....


It also faced higher fuel costs.

http://www.marketwatch.com/story/fedex-profit-falls-18-on-higher-costs-2010-12-16

Ooppps. Again higher costs. Ay, ay, ay.
More...
 
Quote from ASusilovic:

NEW YORK (MarketWatch) — FedEx Corp. reported an 18% drop in second-quarter profit and missed its revenue target Thursday, but the Memphis package-delivery giant noted that the holiday season is going better than it expected. ....


It also faced higher fuel costs.

http://www.marketwatch.com/story/fedex-profit-falls-18-on-higher-costs-2010-12-16

Ooppps. Again higher costs. Ay, ay, ay.
More...

It fell 18% on CHARGES not increased costs. Christ...permashort much?
 
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