People are clearly turning to the internet over the everyday mall to do their shopping. Fedex raising their rates is great news as profits will explode higher. Corporations are not going to stop using FEDEX just because they raised their rates. That is why FEDEX raised their rates, because they know they can get away with it and it will increase profits. Today's haircut in the stock is a gift.
i use fedex for my business, but with the rate hike coming, i plan on going to ups and talk to a sales person , to see if they can beat fedex prices, i feel this next hike will deeply cut my profits, and i need to find a alternative...i might even ship by usps parcel post , we ship a lot of boxs so this one account would be a great loss to fedex... maybe that is why it stock price will fall