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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: BWAC who wrote (48314)6/2/2003 5:06:03 PM
From: BWAC   of 53068
 
From last week economic observations:

<I could also tell you about the number of idle trucks sitting in the trucking company lot. Ie not carrying freight. (this was at a Freight Consolidator)

Or the call I got yesterday from the local Freightliner manufacturing plant needing to lease a lot. For the purpose of parking their finished, but can't sell, inventory. They seem to have run out of parking spaces.>

To todays warning from FedEx:

"FDX still sees sluggish economy, issues preannouncement for Q1 (Aug), sees EPS of $0.52-0.60 vs Reuters Research consensus of $0.62"

Freight just isn't moving from Cosolidators to FedEx. The economy runs on goods transported by truck.
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