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FedEx Discussions
Fedex to lose 2 Billion
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<blockquote data-quote="Artee" data-source="post: 5898519" data-attributes="member: 24351"><p>Could you cut and paste the full article here since its behind a pay wall? FedEx already has 700 more pilots than they need right now. So I guess this would add another 2-300 more? The 777's that were being used for the mail are now going to be flown to Europe for Tri-color. Does the article estimate what the revenue is going to be for Tri-color to be able to compare it to the loss of mail contract? The 2 Billion that FDX will be losing....over how many years? I don't believe USPS were paying 2B a year. As a matter of fact, a few years back, the USPS had to renegotiate with FDX to lower their rates halfway through the contract because they could not keep paying the agreed upon price.</p></blockquote><p></p>
[QUOTE="Artee, post: 5898519, member: 24351"] Could you cut and paste the full article here since its behind a pay wall? FedEx already has 700 more pilots than they need right now. So I guess this would add another 2-300 more? The 777's that were being used for the mail are now going to be flown to Europe for Tri-color. Does the article estimate what the revenue is going to be for Tri-color to be able to compare it to the loss of mail contract? The 2 Billion that FDX will be losing....over how many years? I don't believe USPS were paying 2B a year. As a matter of fact, a few years back, the USPS had to renegotiate with FDX to lower their rates halfway through the contract because they could not keep paying the agreed upon price. [/QUOTE]
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Fedex to lose 2 Billion
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