NO QUESTION TIMES ARE GETTING TOUGHER
Business is continuing to shrink and while President Obama sees glimmers of hope that certainly does not extend to forwarding. Qantas admitted yesterday that the lack of business class travelers and international freight was the root cause in another round of layoffs, this time shedding nearly 2,000, (including 500 management jobs) from its 34,000 workforce, [...]
TRANSPORT BUSINESS STILL IN DECLINE
Our business is getting like the car industry. It doesn’t matter what the deal, freight volumes are still on the decline. I think many companies have barely scratched the surface in attacking their now bloated workforce. At the top, FedEx and especially that backward thinking and backward acting competitor, UPS. Every time I see a [...]
IATA STATS TELL A SORRY TALE
Until Bush/Obama started talking $trillions in bail out money a $billion sounded a hefty sum of money. It was only three or fours years ago that Exxon Mobil, the world’s largest company, earned a colossal $40 billion in one year and the world was aghast. When IATA announced this week that the airlines would collectively lose a shade under $5 billion in 2009, it hardly raised an eyebrow.
FEDEX BEGINS TO DOWNSIZE
FedEx’s trucking unit, FedEx Freight is slashing its workforce by 900 positions. This is on top of cutting back salaries, bonuses and suspending its 401(K) match. LTL trucking has hit the skids and Yellow transportation, the nation’s largest trucker, is teetering on bankruptcy. Some are faring better, but all are agreed this recession is long-term [...]
-
Share
Our Photos
