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FedEx bigger than UPS?
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<blockquote data-quote="LOUPS78" data-source="post: 516916" data-attributes="member: 10129"><p>FedEx seems to have a bit of a cash flow problem. Dropping 75% profit in the 3rd qtr, laying off thousands of employees, grounding planes, cutting hours and 401k contributions to the rest of the workforce then going into our customers and offering rates below the cost to deliver is basically playing the same game that DHL played. That may work for a while depending on just how long this recession lasts but long term could be more damaging to the FedEx infrastructure, factoring in their other labor issues etc.</p></blockquote><p></p>
[QUOTE="LOUPS78, post: 516916, member: 10129"] FedEx seems to have a bit of a cash flow problem. Dropping 75% profit in the 3rd qtr, laying off thousands of employees, grounding planes, cutting hours and 401k contributions to the rest of the workforce then going into our customers and offering rates below the cost to deliver is basically playing the same game that DHL played. That may work for a while depending on just how long this recession lasts but long term could be more damaging to the FedEx infrastructure, factoring in their other labor issues etc. [/QUOTE]
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FedEx bigger than UPS?
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