FedEx, major worldwide transporter, has lowered its forecast for the rest of the year, due particularly to Asian economies.
FedEx said the express unit had underperformed largely due to weakness in Asia and other international markets, where margin pressures caused by excess capacity in the air freight industry had more than offset increased volumes.
I think this has something to do with its competitor not with the economy for the Asian economy is showing a remarkable growth compared to Europe which is now facing a financial crisis.
ReplyDeleteThat would be nice.
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