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<blockquote data-quote="bacha29" data-source="post: 3154974" data-attributes="member: 58386"><p>They financed it through a 3.6 billion dollar bond issue. Xpress makes money ,only problem was with Ground's net operating margin percentage in the mid to high teens while Express was in the mid to high single digits it honked off Fat Freddy so he set about on his cost cutting and staffing buy out crusade. It's margins have improved but will never match ground's margins unless Express converted to the so called 'Independent contractor" scam oops I mean " business model" but that will never happen.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3154974, member: 58386"] They financed it through a 3.6 billion dollar bond issue. Xpress makes money ,only problem was with Ground's net operating margin percentage in the mid to high teens while Express was in the mid to high single digits it honked off Fat Freddy so he set about on his cost cutting and staffing buy out crusade. It's margins have improved but will never match ground's margins unless Express converted to the so called 'Independent contractor" scam oops I mean " business model" but that will never happen. [/QUOTE]
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