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Trucking News: FedEx Freight, FedEx National LTL Announce Rate Increase


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FedEx [FDX 63.65 -10.78 (-14.48%) ] shares tumbled 15 percent, making it the biggest decliner on the S&P 500, after the package-delivery service slashed its fiscal 2009 outlook, saying, "significantly weaker macroeconomic conditions are expected to offset the benefits from lower fuel prices and the announced departure of DHL from the U.S. domestic package market."

Shares of rival package-delivery service UPS [uPS 54.51 -4.11

I don't think increasing rates are a good idea


Thanks for hearing me out.

You can have the soap box now---------JIM

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