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Article: FedEx chief says economic recovery 'slow but certain'.(Shipping)
- Article from:
- Manila Bulletin
- Article date:
- October 4, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FedEx Corp. Chief Executive Officer Fred Smith said the economic recovery is “slow but certain” and that he has “guarded confidence” about an improving global outlook.“Recovery is not a straight line up, but a zig-zag with a few steps forward and backward,” Smith, the founder of the second-largest US package-shipping company, said today at FedEx’s annual meeting in its hometown of Memphis, Tennessee, that was available through the Internet.Economic indicators including housing sales and prices and a jump in auto sales because of the “cash for clunkers” government program show that the recovery is “slow but ...