AIRLINES SEE LITTLE HOPE OF BETTER TIMES AROUND THE CORNER
There is no question that those who hoped for V instead of a U turnaround, they are now roundly disappointed. Many leading economists are still arguing whether the step economic decline has bottomed out or there is still some way to go. I don’t believe the run up of stock prices on Wall Street has [...]
FEDEX VERSUS UPS
Sure, I am a little biased when it comes to choosing between the two. If it weren’t for Mike Scanlan, our FedEx rep when we opened our doors sixteen years ago and the help he and his team gave us, there might not have been a company that next month will be celebrating its sixteenth [...]
TOUGH TIMES BRING ABOUT ODD BEDFELLOWS
Once upon a time there were four players in the local express package business; FedEx, UPS, DHL and Airborne. Now there are just two with Airborne being folded into DHL a few years back and finally earlier this year DHL domestic folding altogether. Both FedEx and UPS for years have valiantly fought through the courts [...]
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, [...]
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