Fred Smith on The tube

[RAC396]

Fred will be on Kudlow and Co. today 5:00 eastern Bet he doesn't mention negoations.

 

[Falconjet]

What channel is Kudlo and whatever on? I know I'm a gritbob but I haven't heard of them.

Thanks,

FJ

 

[1stCivDiv]

It's on CNBC

 

[Falconjet]

Thanks Civ.

FJ

 

[SWA/FO]

Does FedEx have any fuel hedges?

 

[semperfido]

fred says fuel prices stable for now. and Cramer says sell some FEX and buy UPS. Buy some FEX when it drops below 75.

 

[Sluggo_63]

Does FedEx have any fuel hedges?

From what I understand, FedEx does not hedge fuel. We have a baseline fuel price that our rates are based on. If fuel goes over that, we add a surcharge, if it's lower, more money towards the bottom line.

If this is not entirely right, someone will correct me, I'm sure.

 

[SWA/FO]

I figured with their awesome balance sheet they would be able to do it, if they wanted to.

 

[Workin'Stiff]

From what I understand, FedEx does not hedge fuel. We have a baseline fuel price that our rates are based on. If fuel goes over that, we add a surcharge, if it's lower, more money towards the bottom line.

If this is not entirely right, someone will correct me, I'm sure.

What a concept....

 

[Echopapa]

I heard we are going to buy UPS.