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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (78963)5/11/2008 8:34:29 AM
From: gladman  Respond to of 116555
 
Capex fall? here's $500M

>>FedEx has pulled a number of operating levers to reduce costs and squeeze more revenue from customers.

It has cut $500 million in budgeted capital spending, to $3 billion for the year, and put off most major projects, except for an expansion in China. In January, rates on air shipments jumped by the largest percentage in more than a decade. Air deliveries contributed 65% of FedEx's overall revenue in its most-recent quarter.<<


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