FedEx must brace for cuts in defense

Discussion in 'The Latest FedEx Headlines' started by cheryl, Oct 3, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx must brace for cuts in defense - The Tennessean

    FedEx’s income from Pentagon contracts tripled in the last decade as the wars in Afghanistan and Iraq escalated and the military increasingly relied on commercial airlines to transport soldiers and supplies.

    FedEx has received $1.1 billion in defense contracts during fiscal 2011, which ended Friday.

    Between budget cuts and the gradual reduction of troops in Afghanistan and Iraq, companies such as FedEx that transport soldiers and military cargo will see “a very significant reduction” in defense contracts, said Richard Aboulafia, an aviation analyst at the Teal Group.
     
  2. starglacier

    starglacier Member

    Oh Goodness more mistreatment coming.
     
  3. bbsam

    bbsam Moderator Staff Member

    if you believe that, may be time to leave.
     
  4. starglacier

    starglacier Member

    Yea I believe I am at Express locations everyday and see the hell and frustration on employees faces.