YELL Guidance Could Help Sooth Market Fears

Yellow Roadway's (Nasdaq: YELL) 'high end' Q2 guidance news could help the entire market. One of the main reasons for yesterday's major sell-off was fears higher oil prices would hurt company profits, which crept into the market after FedEx's (NYSE: FDX) poor guidance. There is no question trucking company Yellow is facing higher fuel cost, but somehow they are overcoming it � maybe they are suitably hedged or they�re passing the costs to customers. The other indication is customers are shipping in heavy volume, indicating the economy is still chugging along. Does anyone else smell a rise in your FedEx rates coming?

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