FedEx (FDX +2.9%) says it expects "continued softness in demand for our services in 2010, as...
FedEx (FDX +2.9%) says it expects "continued softness in demand for our services in 2010, as shipping volumes are expected to remain relatively flat as the global recession persists, particularly in the first half of 2010." Also sees negative revenue impact due to stabilization of fuel prices, which hurt surcharges. (10-K)
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Comments (2)
Bad hedging perhaps?
How can you have negative revenue impact due to stabilization of fuel prices? If I am a company that has to spend money on gas when trying to deliver packages, prices coming down should help me - right?