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FedEx Sees no Fuel Price Rise Impact but Raises Surcharge Anyway


FedEx delivered a strong fiscal fourth and gave a bullish outlook for fiscal 2015. FedEx said it didn't expect and fuel impact for fiscal 2015, but then raised the fuel surcharge for ground delivery by 3%. This comes at a time when energy prices are rising due to middle east tensions escalating. FedEx earnings were also helped by an enormous share buyback. FedEx volumes increased domestically and the company has been able to offset the weakness in its Express business which is becoming less popular with customers who are looking to save money. The stock though is down year to date.