Annual Reports

The two companies whose annual reports are being studied are FedEx and UPS. When looking at these two annual reports, we can see a few key differences. The FedEx report has positive tone. It discusses both the business and the state of the global economy, something that is highly correlated with the company's business. The section on global trade, for example, is almost entirely focused on the state of the economy, rather than on the FedEx business. Another key section is title FedEx Solutions, and this outlines the FedEx business and how the company helps its customers to improve their operations. FedEx also devotes an entire section of its report to energy efficiency, highlighting the company's initiatives and its successes. The Chairman's Letter that leads off the report is focused primarily on providing a summary of the company's business, how the firm fared in the past year and...
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