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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (16585)	11/22/2004 6:18:40 PM
From: RealMuLan	Read Replies (2) of 116555

Time to buy some UPS and FexEx stock?<g>--Freighters see signs of better days Dave Hirschman Cox News Service Nov. 21, 2004 12:00 AM ATLANTA - The trade deficit is a tangible thing for delivery giants UPS and FedEx. Their jets crisscrossing the Pacific Ocean are loaded with premium-priced small packages when they fly east from Asia carrying computer chips, electronics and high-end clothing. On return trips, the planes haul far less valuable, and less profitable, heavy freight - or nothing at all. The trade imbalance is politically sensitive as U.S. companies fold in the face of low-cost foreign products or shift jobs overseas. advertisement Lately, UPS and FedEx, two companies on the front lines, say they see early signs of a more even balance of goods moving east and west. "We saw an 11 percent increase in U.S. exports in the last quarter, and that's very encouraging," said David Abney, UPS senior vice president. azcentral.com

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