Thursday, December 23, 2010

Rising oil prices, transportation is susceptible suffer shocked

Through the Washington / Atlanta, Dec. 23 Xinhua --- despite rising oil prices could hinder the recovery of the aviation industry, but the situation improved the car manufacturers want gasoline prices to rise just enough to stimulate demand for cars and trucks with low fuel consumption level.
Fuel prices, the global package delivery company in the air and land transport operations are under attack, which may mean the carrier and consumer spending. However, with Federal Express (FedEx) (FDX.N: Quote) is cases, a surcharge by the company to transfer part of the increased costs.
As rising energy costs, transportation companies are adjusting their business, after two years, price stability and economic upturn boosted the demand for transport services market, and help them achieve better results and stock price performance.
However, the Asian and parts of Europe, and the cold of the northeast United States, crude oil prices on Wednesday rose above 90 dollars a barrel for the first time since October 2008.

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