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Nov 18, 2007

FUEL TROUBLES DEBATE * USA

* Fuel prices, lower tonnage cause FedEx to lower earnings forecast

Nashville,TEN,USA -Associated Press/The Trucker -16 Nov 2007: -- FedEx Corp. reduced its quarterly and yearly earnings expectations Friday and analysts suggested that forecasts could be pared for future periods if fuel prices don't stabilize... The Memphis-based shipper blamed soaring fuel costs and a troubled U.S. freight market for the reduced estimate that led the company's shares to plunge nearly 5 percent and set a 52-week low on Friday... (Photo: FedEx says it may have to lower expectations even further)


* Maine's Logging Industry Feels Pinch Of For Highest Ones
The high price of diesel fuel is taking a toll on truckers who haul logs from the woods to the mills across Maine

Kingman,Maine,USA -AP/wcsh6.com (Portland,OR), by Patricia Pelosi -15 Nov 2007: -- ... A new group, the Coalition to Lower Fuel Prices in Maine, plans to hold a meeting with legislators in Lincoln on Saturday in hopes of working out something to help the trucking industry cope with rising fuel costs... Tom Cushman of the Professional Logging Contractors of Maine says the high cost of fuel is causing all facets of the state wood products industries to suffer... Cushman, who owns Maine Custom Woodlands in New Gloucester, said every nickel rise in the price of fuel ends up costing hundreds or thousands of dollars...


* Fuel Prices Could Force Some Truckers Out Of Business
St. Louis,MO,USA -KSDK, by Jeff Smal -15 Nov 2007: -- Some truck drivers say they could soon be out of business due to a problem we are all facing: dramatically increasing fuel prices, including gasoline and diesel... One truck driver said about three years ago it used to cost him about $165 to fill up... Now independent contractor Jim Sylvia said he's averaging more like $400 and is considering selling his truck and calling it quits... The 48-year trucking industry veteran says he's now forced to pick jobs based on whether he can actually make money... Slyvia said the prices at the pump could have far-reaching effects, especially if he and other truck drivers are forced to stop delivering everything from milk to clothes...

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