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A strange data point embedded in the Federal Express earnings release.
The express business accounts for the lion's share of Fed Ex's revenues. The U.S. business is the heart of the express operation. And in the quarter that ended November 30, 2006, the U.S. express operation moved fewer packages than it did in the quarter that ended on November 30, 2005.
U.S. domestic revenue per package increased 3%, driven by a higher rate per pound, while package volume declined 1%.
This seems to continue a trend. In the quarter that ended at the end of August 2006, package volume fell 2 percent from the quarter that ended in August 2005.
Posted by dan at 09:37 AM
Time's "Person of the Year" choice should send everyone scurrying to the library to check out Christopher Lasch's brilliant 1979 book The Culture of Narcissism, which is remarkably durable.
Posted by dan at 08:53 AM