High fuel costs overshadow FedEx profit increase
Looks like the market is responding to the sales innitiatives UPS has been laying out on the table. The last time these two were mentioned together UPS took the hit because Fedex had taken some market share. Stock prices sure seem to be easily swayed. It really should have been easy to see this coming with Fedex moving so much by air and jet fuel is much more costly than gas or diesel. UPS is pulling in close to $12 dollars behind per share now which I see shrinking further once Menlo is fully integrated... only problems on the horizon are labor relations.