Alan Graf
Alan Graf
across expense management portfolio reflect results strength
This quarter's results reflect the competitive strength of our diversified and expanded portfolio of services, as well as outstanding expense management across all our companies,
accounts auto conditions dropped earnings february growth market news numerous operating reflected volume weights yield
Market conditions have deteriorated more than we anticipated, as reflected by numerous news accounts of earnings warnings and layoffs, particularly in the auto and high-tech sectors. Volume growth, yield growth and weights for February dropped noticeably for all of our operating units.
continued cost fourth good management strong
Continued good strong cost management will be implemented in the fourth quarter,
concerned enamored growth market people provides sake share volume
What we are most concerned with at FedEx is volume growth that provides a compensatory returns, ... I'm not as enamored with market share for market share sake as some people who like to write about it.
above cents gallon point raised
We're 25 cents a gallon above the point where we raised our surcharge to 4 percent.
fourth proud
We're proud of our fourth quarter, and we're back.
economy expecting global improve maybe quarter seen
We have not seen the global economy improve and we're not expecting it to in the (fiscal) first quarter or maybe the 2Q as well,