Air Courier
May 11, 2008
FedEx Brakes Forecast on Fuel, Demand
“While we have dynamic fuel surcharges in place, they cannot keep pace in the short term with rapidly rising fuel prices”
With crude oil at a record closing high of $125.96 on Friday, FedEx Corp. cut its fiscal fourth-quarter earnings forecast for a second time, noting that its fuel prices have grown 7%, or $100 million, from its ... via SmartMoney
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