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<blockquote data-quote="Empty Pockets" data-source="post: 4204423" data-attributes="member: 77481"><p><a href="https://www.bloomberg.com/news/articles/2019-03-25/fedex-s-4-4-billion-acquisition-of-tnt-has-been-a-dud-so-far" target="_blank">Bloomberg - Are you a robot?</a></p><p></p><p>We may not ever know the true reason for the losses. A friend was in a meeting three weeks ago. It was about losses and how spending was to be cut tight. The reason about TNT losing money. He basically said that we deal with $15 dollar packages, TNT deals with $5 packages, and there was no way to integrate them together. It was also mentioned that the guy who headed this acquisition was let go last year for the poor results. Maybe the virus did cost them a bundle, but it appears that it was a crappy purchase anyway and they are trying to blame it all on the virus.</p></blockquote><p></p>
[QUOTE="Empty Pockets, post: 4204423, member: 77481"] [URL="https://www.bloomberg.com/news/articles/2019-03-25/fedex-s-4-4-billion-acquisition-of-tnt-has-been-a-dud-so-far"]Bloomberg - Are you a robot?[/URL] We may not ever know the true reason for the losses. A friend was in a meeting three weeks ago. It was about losses and how spending was to be cut tight. The reason about TNT losing money. He basically said that we deal with $15 dollar packages, TNT deals with $5 packages, and there was no way to integrate them together. It was also mentioned that the guy who headed this acquisition was let go last year for the poor results. Maybe the virus did cost them a bundle, but it appears that it was a crappy purchase anyway and they are trying to blame it all on the virus. [/QUOTE]
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