It's all over the news today that Amazon is in talks with Boeing to lease or maybe even purchase 20 Boeing 767 aircraft. This is pretty significant, for a number of different reasons; 1. Amazon isn't satisfied with the overnight/express (LOL) service it has been receiving from FedEx and UPS. My guess is that it's more unhappiness with FedEx given our well-known operational issues. 2. Amazon could significantly cut into FedEx Express market share because their distribution network is largely in-place already. 3. This would be an expensive operation, so is Bezos going to ask for the same exemptions that protect Fred Smith from having a danger of unionization? We already know Bezos is anti-union, but why shouldn't he also have an express carrier exemption and be have his employees fall under the auspices of the Railway Labor Act? 4. If Fred can't get competent workers for the pittance he pays, how will Amazon do it? Perhaps through profit-sharing or stock options. The level of dysfunction at Express currently is laughable. I think Bezos knows that this Peak is an abortion, and that he's going to get some bad press when lots of gifts are delivered late. Plus, the threat of an large aircraft purchase has real teeth, as opposed to the drone plans which are tentative at best. Bezos really could launch and finance an Express-type operation. Oh, well. I hope this is causing Fred's ulcer to churn like a tsunami wave. Couldn't happen to a nicer fellow. Like I said, Amazon knows it isn't going well here, and they are planning contingencies. LOFL!