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FedEx 3Q earnings dip 2 pct. on slowdown
AP   Thursday, 22 March 2007

Uere Hobson loads packages into her truck at the FedEx express station in Nashville, Tenn., before leaving to make deliveries on Wednesday, March 21, 2007. FedEx Corp. said a slowing economy, severe winter storms and lower fuel surcharges contributed to a 2 percent decline in its fiscal third-quarter profit. Its shares fell nearly 2 percent. (AP Photo/Mark Humphrey)AP - FedEx Corp. reported a 2 percent drop in third-quarter earnings Wednesday, blaming the decline largely on an economic slowdown that tested the company's ability to quickly adjust costs. The shipping company said it also will have to struggle to keep up with a long-range goal of 10 percent to 15 percent growth a year in per share earnings.


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