Jarhead0863 From United States of America, joined Sep 2008, 7 posts, RR: 0 Posted (6 years 5 months 20 hours ago) and read 2230 times:
I did a quick search and I didn't find any related topics. So there has been a lot of talk about how airlines are failing and not making it with the poor economy right now. But how are cargo airlines doing like FedEx and UPS? Are these cargo operators taking this economic downfall just as hard as commercial airlines are?
413X3 From United States of America, joined Jul 2008, 1983 posts, RR: 0
Reply 1, posted (6 years 5 months 6 hours ago) and read 1961 times:
My guess is their growth will slow and they will stop hiring so many new employees. But they have expanded their business so much throughout the world that the hit will not be as hard, especially for UPS who will be flying DHL packages in the us
Miller22 From United States of America, joined Nov 2000, 724 posts, RR: 4
Reply 2, posted (6 years 4 months 4 weeks 1 day 23 hours ago) and read 1851 times:
DHL is getting their rear ends handed to them in the U.S. The economy and their own silly mistakes (Airborne) are to blame, but there is a definite hurt in the U.S. cargo industry. Kittyhawk went under, DHL is going bye-bye, Emery, BAX...the list goes on to include legacy passenger airlines who are reducing domestic wide-body lift.
All told, the passenger carriers are seeing a huge increase in heavy-weight yields due to the extreme elimination of domestic lift. UPS and FedEx are still profitable, but there has been serious concerns at the Purple and Brown offices as well. Moving parcel's is a class of it's own due to the infrastructure you need (Pick-up and delivery, sort facilities, etc.)