FEDEX Federal use Boeing 777 cargo plane cut costs and enhance competitiveness

Federal Express (FedEx) today (19) released the third quarter of fiscal 2009 performance report, profit 239 million U.S. dollars, up 97 million a year ago to 146%; income increased by 7 percentage points, to 9.7 billion , exceeded Wall Street expectations.
FedEx said the global economic recovery is expanding, the U.S. economy will be engine of growth, while Asia continues to show strong growth.
Federal Express from Asian growth, expansion of services to the local revenue. In the U.S., the company used the opportunity for more business growth.
With the significant reduction in the lowest cost, the adjustment paid off. In week four, which is based in Memphis, Tennessee freight companies announced that its profits in the past five quarters for the first time achieved an annual growth.
Because businesses and consumers to a variety of goods transportation services, FedEx is seen as the leader in the economy. Witnessing "a moderate recovery in the global economy continues," FedEx also raised its fiscal year ending on May earnings expectations.
The company said results from the high traffic growth, especially in its international express and ground transportation business.
International Priority package increase in the number of days an average of 18%, mainly from exports to Asia.
FedEx daily average number of parcels mainly in the United States, an increase of 5%. Most of the growth comes from the inter-package delivery company. The Federal Express package that the volume of individual consumers "remain the same."
San Diego Diego State University economist DanSeiver said that although consumer spending will be in the personal care state, the U.S. economy will continue to improve this year. He also believes that companies will soon begin recruiting staff. But most people will no longer restore the previous spending habits.
Seiver believes that companies such as Federal Express can turn our attention to international growth, B2B opportunities have some benefit.
FedEx's fuel costs in the first quarter increased 27% to 810 million U.S. dollars, the company said it would continue to invest in fuel efficient transport aircraft, such as the Boeing 777 cargo plane, to promote lower costs.
FedEx Freight sector losses and employee benefits have a certain influence on their recovery. Federal Express in 2008 to freeze all the benefits, salary increases are employee performance in a flexible state.
In the fourth quarter, FedEx expects earnings per share from 1.17 to 1.37 U.S. dollars in between. The company said more workers compensation program will resume this quarter and next fiscal year (from June onwards) will have effect on income. (