CHICAGO, Jul 02, 2008 (BUSINESS WIRE) -- Zacks.com releases the latest Analyst Interview. Today's interview
is with Director of Zacks Equity Research Dirk van Dijk, who discusses
FedEx (NYSE: FDX), UPS (NYSE: UPS) and Cisco (Nasdaq: CSCO).

Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter: http://at.zacks.com/?id=2678.

What sorts of changes would we expect to see, say a decade from
now (with substantially high oil prices)?

Well first and foremost would be the "great slowdown." We will
probably see the return of the dreaded "double nickel" speed limit.
However, more significant than this would be a slowdown in freight
shipments, most notably by changing the mode of transportation, not
the slowing of each mode.

As a general rule of thumb, each mode shift results in a five-fold
improvement in energy efficiency. Fewer goods would move by air
freight, particularly if there was no ocean to cross. This will mean
that firms like FedEx (NYSE: FDX) and UPS (NYSE: UPS) should be
considered like the airlines are today, firms you only rent for a
tactical trade, not as something you seriously consider investing in
for the long term.

It sounds as if many things we've taken for granted would be
considered luxuries.

It also implies that major hardware suppliers for the Internet,
firms like Cisco (Nasdaq: CSCO), will continue to be well positioned.
Working from home will be particularly attractive to those people who
live in the exurbs. Telecommuters may be the only people who can
afford to live in communities 40 miles from an urban center with no
good public transportation. Housing prices will recover much more
quickly in the cities and the inner ring of suburbs than in the outer
suburbs. Many McMansions built in those communities may never sell for
the prices they went for when first built a year or two ago.

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Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
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SOURCE: Zacks.com

Zacks.com
Mark Vickery
Zacks Web Content Editor
312-265-9380
Visit: www.zacks.com

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