Consumer Confidence Freighted South Once Again
2010年7月1日 - 9:36PM
Marketwired
www.rothmanresearch.com -- The Air Delivery and Freight Service
industry has basically revolutionized the way business is done
globally. But for some years now this industry has been swimming
against the current having survived hyped oil prices in 2007-2008
and a full-blown Great Depression that mellowed down about a year
ago. There has been some hope in the first few months of 2010 as
economic recovery was making good on its promises even if it was
moving at a slow-pace. Nonetheless, many consumers who were eager
to believe in the healing of the U.S. economy and a return to a
more stable economic reality started to feel disillusioned as
unemployment levels continued to remain high and the housing sector
recoupment continue to linger. From an optimistic 62.7 in May, the
consumer confidence index plunged by 9.8 points to 52.9 with most
of its metrics leaning towards a pessimistic short-term outlook.
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These figures do not bode well for companies in the air delivery
and freight service industry as one FedEx
Corporation (NYSE: FDX) would recall. Poor consumer confidence
reflects a decline in consumer spending which also means a number
of businesses experiencing a slowdown in their trade. Recession
time 2008-2009 had been particularly hard for FedEx as it saw many
of its business segments impacted by a decrease in demand. However,
in its most recent quarter released two weeks back FedEx saw a firm
fiscal fourth quarter with revenue soaring by 20%. It goes without
saying that business within the U.S. had not been the driving force
behind this successful result. The company has been enjoying a nice
growth internationally. "FedEx is back on track after many quarters
in the red. One player in this space that has been looking
promising both on its balance sheet and business ventures is
Expeditors International of Washington Inc.
(NASDAQ: EXPD). It currently has a strong presence in China and is
capitalizing on it," commented Jack Benassi of
www.rothmanresearch.com.
*Free downloadable research reports on FedEx
Corporation and Expeditors International of
Washington Inc. are available by signing up now at
http://www.rothmanresearch.com/article/fdx/23642/Jul-01-2010.html
or
http://www.rothmanresearch.com/article/expd/23643/Jul-01-2010.html
"However, the recent waves of global economic worries, mainly
from Europe and China, coupled with more pressing domestic economic
tensions could negatively suffocate the industry's earnings once
again in the next few quarters," added Jack Benassi of
www.rothmanresearch.com.
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