FedEx Corporation F3Q09 (Qtr End 02/28/09) Earnings Call Transcript

Mar. 19, 2009 3:23 PM ETFedEx Corporation (FDX)1 Comment
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FedEx Corporation (NYSE:FDX) F3Q09 Earnings Call March 19, 2009 8:30 AM ET

Executives

Mickey Foster – Vice President, Investor Relations

Fred Smith - Chairman, President and CEO

Alan Graf - Executive Vice President and CFO

Mike Glenn - Executive Vice President, Market Development and Corporate Communications

Chris Richards - Executive Vice President, General Counsel and Secretary

Rob Carter - Executive Vice President, FedEx Information Services and CIO

Dave Bronczek - President and CEO of FedEx Express

Dave Rebholz - President and CEO of FedEx Ground

Doug Duncan, President and CEO of FedEx Freight

Analysts

David Ross – Stifel Nicolaus

Donald Broughton – Avondale Partners

Peter Jacobs – Ragen Mackenzie

Helane Becker – Jesup & Lamont

Tom Wadewitz – JP Morgan

Art Hatfield – Morgan Keegan

John Barnes – BB&T Capital Markets

Justin Yagerman – Wachovia Capital Markets

William Greene – Morgan Stanley

Chris Ceraso – Credit Suisse

Gary Chase – Barclays Capital

Ed Wolfe – Wolfe Research

Ken Hoexter – Merrill Lynch

David Campbell – Thompson, Davis & Company

Operator

(Operator Instructions) Welcome to the FedEx Corporation Third Quarter Earnings Conference Call. Now it is my pleasure to turn the conference over to Mickey Foster, VP Investor Relations.

Mickey Foster

Welcome to the FedEx Corporation Third Quarter Earnings Conference Call. The earnings release and 25 page stat book are on our website at FedEx.com. This call is being broadcast from our website and the replay and Podcast download will be available for approximately one year.

Joining us on the call today are members of the media. During our question and answer session callers will be limited to one question and a follow up so we can accommodate all those who would like to participate.

I want to remind all listeners that FedEx Corporation desires to take advantage of the Safe

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