FedEx Corporation (NYSE: FDX) is scheduled to discuss its fiscal fourth-quarter 2009 results tomorrow in a conference call at 8:30 AM ET. You can catch the live webcast of the call on the company's website.

For the quarter that included the package delivery service's ongoing dispute with the Teamsters and the expansion of services into Canada, analysts surveyed by Thomson Reuters expect the Memphis-based company to report earnings of $0.52 per share, down 64.1% from the same period of the previous year. Revenue for the quarter is expected to have fallen 15.4% to $8.4 billion.

Continue reading Low expectations for FedEx's Q4 and FY2009 results

Low expectations for FedEx's Q4 and FY2009 results originally appeared on BloggingStocks on Tue, 16 Jun 2009 19:00:00 EST. Please see our terms for use of feeds.

Sometimes a seemingly small issue is transformed into a much larger problem. This is what happened between the U.S. and Mexico. The U.S. had a "pilot program" allowing Mexican trucks to cross the U.S. border and use U.S. roads. The program was halted last week on the grounds that the Mexican trucks were unsafe.

Mexico retaliated and said they would raise tariffs on $2.4 billion worth of U.S. exports. Mexico's tariffs would be increased on 90 industrial and agricultural products. These tariffs are set to be imposed later this week.

Continue reading Mexico retaliates and imposes tariffs on 90 U.S. products

Mexico retaliates and imposes tariffs on 90 U.S. products originally appeared on BloggingStocks on Wed, 18 Mar 2009 13:50:00 EST. Please see our terms for use of feeds.

United Parcel Service Inc. (NYSE: UPS) plans to set up a pool of money that will be run by the Teamsters. The capital will become the new health fund for employees at the company. First, UPS will pull out of the Central States Pension Fund, which handles benefits for a number of trucking companies.

According to The Wall Street Journal (subscription required), "the move would shed an annual expense that reached $1.4 billion in 2006, up 14% from a year earlier." The plan is not unlike the one that General Motors Corp. (NYSE: GM) has negotiated with the UAW.

These deals are good for the companies, but are they good for the unions? They do often get job guarantees for their members as part of the contract. But, the new funds can lose value, and their ability to cover employee health care costs. Several years ago, a fund established for Caterpillar Inc. (NYSE: CAT) employees ran out of money.

Big labor may believe that it is doing a good job for it members who are in the workforce now. But, it may not be doing them any favors as they get older.

Douglas A. McIntyre is a partner at 24/7 Wall St.

UPS (UPS) plans to use 'GM-like' program with unions originally appeared on BloggingStocks on Sun, 30 Sep 2007 12:10:00 EST. Please see our terms for use of feeds.

Continue reading U.S. trucking industry saved by Congress' actions

U.S. trucking industry saved by Congress' actions originally appeared on BloggingStocks on Fri, 04 May 2007 17:12:00 EST. Please see our terms for use of feeds.