Friday, March 21, 2008

Sign of the Times - FedEx Blames Economy, Pricey Fuel as Profits Dip

Industrial warehouses in the Inland Empire depend on international trade and commerce. Shippers from around the world store their goods here because of our strategic location in Southern California.

If trade decreases because of higher fuel costs, distributors here will be squeezed since they are moving and storing fewer products.

Which is why news like this is of a major concern to people like me:

FedEx saw its profits dip last quarter. The overnight shipping company warns that the year ahead may be more of the same as it feels the pinch of an economic slowdown and high gasoline prices.

1 comment:

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