Memphis Commercial Appeal--FedEx Corp. founder, chairman and CEO Frederick W. Smith likes his company's chances, even if the broader economic outlook is murky.

"The current loss of confidence has changed nothing about the global economy's underlying ability to grow over the longer term, and we have several things going for us," Smith told shareholders during their annual meeting Monday at the FedEx World Technology Center in Collierville.

Smith expects FedEx to continue positive momentum from last fiscal year by capitalizing on the growing economy of world trade and beating domestic competitors in package delivery and less-than-truckload freight businesses.
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