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It's Probably Nothing

By Kate on September 24, 2012 9:28 AM | 7 Comments

FedEx on Tuesday cut its outlook for global growth and industrial production while slashing the forecast for company earnings. And CEO Fred Smith suggested trade has slowed to levels seen during the last two significant economic downturns.

h/t Don

7 Comments

Fred | September 24, 2012 9:57 AM | Reply

Mama agrees . . .

http://maxedoutmama.blogspot.ca/

ct | September 24, 2012 10:26 AM | Reply

FedEx keeps making statements like that and the phone calls for parcel pickups at the White House will stop! Cannot see why they aren't on the Obama bandwagon like so many others. The worse is overdon't you know?

To most Demo's the issue is all about priming the pump to jump start demand. Well $16 trillion later it stii needs more priming. Meanwhile back at the ranch the demographic gurus lean back and simply say that priming will have no long term effect. The dye is cast, the numbers do not add up, demand will not return.

In my area we have always had a steady traffic of relocating retirees to our valley. Today there are a hugh number of For Sale signs with nothing showing. My conclusion is that people still want to live here but cannot sell their houses in the large metro areas.

Justthinkin | September 24, 2012 10:36 AM | Reply

So just what is a "significant economic" downturn?

TJ | September 24, 2012 11:28 AM | Reply

Inside scoop: FedEx is not the only company seeing this trend.

ES | September 24, 2012 1:03 PM | Reply

FedEx may have to merge with UPS, and name the new company FedUP.

mark | September 24, 2012 3:44 PM | Reply

I wish there was a couple more jobs reports, than the two that are coming, before the election. I suspect that if we saw January and February's today, Obama would be toast beyond what the media could spin.

Eli | September 24, 2012 4:15 PM | Reply

Private couriers are the ones you watch for how the economy is going. If Fedex and UPS are both showing earnings lower than expected it means that they're both seeing a serious drop in shipping. DHL is in the same boat along with CANPAR. In for a bumpy ride take 3.

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Eli: Private couriers are the ones you watch for how the read more
mark: I wish there was a couple more jobs reports, than read more
ES: FedEx may have to merge with UPS, and name the read more
TJ: Inside scoop: FedEx is not the only company seeing this read more
Justthinkin: So just what is a "significant economic" downturn? read more
ct: FedEx keeps making statements like that and the phone calls read more
Fred: Mama agrees . . . http://maxedoutmama.blogspot.ca/ read more

It's Probably Nothing

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7 Comments