08-06-2012, 01:03 PM
Vanraw Wrote:3. Some of the shipping data, (which is a leading indicator) looks good. (note I need to dig into this more because UPS did not look good).
Make sure you look at the individual portions of UPS and not the Air Express side of things. The Air Express growth is dying because people no longer have to send original documents all over the world now.
Keep in mind dying is a relative term. Seeing how UPS and FedEx do some 60 billion a piece on that business and the growth of each is non existant it impacts stock price because that business still represents the majority of their revenues.
Look at the other parts of the business however to get a feel for what impacts the US. You are better off looking at Intermodal or LTL/FTL carriers to get a feel for the US economy. FedEx and UPS are to international now to use them to feel out the US.