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UPS in the near future
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<blockquote data-quote="Richard Harrow" data-source="post: 753101" data-attributes="member: 29614"><p>There was no "main" company that was their competition. Government regulations all but killed the railroads in the 1970's. Remember Penn Central? A merger of two of the most successful railroads the country had ever seen? Can't miss, right? Freight rates were so strictly regulated by the government back then that even these two giants failed and had to be absorbed into Conrail in 1976. Penn Central, along with the REA could not adapt to the changing market conditions as a result of regulations. Poor management and strikes as a cause are also viable claims to the demise of the REA.</p><p></p><p>If anything you can argue that Fed Ex was REA's main competition, as they began operating their own airline in 1973, two years before the REA claimed bankruptcy in '75; and in 1975 is when Fed Ex began turning it's first profit. UPS was all but last to the scene, as our "blue label" air product wasn't even available to every U.S. state until 1978, and we didn't begin our full-scale next day operations until many years after that.</p></blockquote><p></p>
[QUOTE="Richard Harrow, post: 753101, member: 29614"] There was no "main" company that was their competition. Government regulations all but killed the railroads in the 1970's. Remember Penn Central? A merger of two of the most successful railroads the country had ever seen? Can't miss, right? Freight rates were so strictly regulated by the government back then that even these two giants failed and had to be absorbed into Conrail in 1976. Penn Central, along with the REA could not adapt to the changing market conditions as a result of regulations. Poor management and strikes as a cause are also viable claims to the demise of the REA. If anything you can argue that Fed Ex was REA's main competition, as they began operating their own airline in 1973, two years before the REA claimed bankruptcy in '75; and in 1975 is when Fed Ex began turning it's first profit. UPS was all but last to the scene, as our "blue label" air product wasn't even available to every U.S. state until 1978, and we didn't begin our full-scale next day operations until many years after that. [/QUOTE]
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