FedEx (FDX)

FedEx said its express parcel delivery business in China continues to gain market share, but competition with local rivals remains very tough.
The company is seeing "good growth" in its business in China, which it launched in 2007, said David Cunningham, Jr., Asia-Pacific president of FedEx's core express segment. “We aren't the price leader from the standpoint of (having) the lowest prices but we have to be competitive...in the marketplace," Cunningham said. He declined to provide specific figures on the China business.

Oct 23 · 3:07:00 PM · Source: NASDAQ
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by Michael Oliveto