Shipping down dramatically. No 'recovery' in sight for a while. It's a good indicator.
Posted on 03/19/2009 7:24:52 AM PDT by truthluva
FedEx said Thursday its fiscal third-quarter profit tumbled 75 percent as severe weakness in the global economy offset the benefit of lower fuel prices. The company said it will eliminate more jobs and make other cutbacks to deal with the ongoing economic slowdown.
(Excerpt) Read more at realclearmarkets.com ...
FedEx, DHL and UPS are rebound marker companies. When the economy as a whole starts to rebound, these shipping companies will be one of the first to realize improvements and possibly profits. Watching their reports closely esp with regards to total volume of packages shipped will be one of my trigger points to consider getting back into the market.
Till then, putting my money into starting a business ‘cause the market it too risky at the moment.
And now oil prices are heading back up.
There is no DHL anymore.
Good question. Haven’t see any actual numbers for that yet. Either way, recession is a factor. I hope FedEx will pull out of this as the company provides many jobs and excellent service. (While overnight is not the only service offered, it is the cornerstone of the company.)
Yup.
This is part and parcel of what is known as “Dow Theory” among technical analysts, and in the “big picture” perspective, Dow Theory advocates looking at the Dow Transportation Index moving up before the DJIA moves up.
Shipping down dramatically. No 'recovery' in sight for a while. It's a good indicator.
Well, I guess the PGA is going to have a tough time keeping the FEDEX cup going. That’s the real tragedy in all this.
" W I L S O N ! ! ! "
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