ChrisNH From United States of America, joined Jun 1999, 4337 posts, RR: 2 Posted (4 years 7 months 5 days 21 hours ago) and read 2051 times:
I noticed that on March 1, FedEx switched their Memphis-Manchester (NH)-Memphis flights from A300s to MD-10s, and I thought this might be a sign that business is getting better for them (I assume that the MD-10 carries more than the A300?). I checked the roster of flights for FedEx on FlightAware and saw a few instances where the aircraft type had been upgraded beginning March 1.
I hope we can take this as a good sign for the economy.
B777LRF From Luxembourg, joined Nov 2008, 1661 posts, RR: 4
Reply 1, posted (4 years 7 months 5 days 21 hours ago) and read 2014 times:
The upturn for cargo carriers actually started around 1 year ago. Don't know about FedEx or UPS, but business for DHL is booming on a scale not seen in more than 8 years.
DHL is much less dependent on the US economy than FedEx and UPS, so while Yellow is back on the fast-growth path things might be a bit different for Purple and Brown. But, overall, cargo is booming big time. Which explains why Cargolux and others are currently seriously pee'd off with Boeing and their inability to deliver the 747-8F.
From receips and radials over straight pipes to big fans - been there, done that, got the hearing defects to prove
LAXintl From United States of America, joined May 2000, 27666 posts, RR: 50
Reply 2, posted (4 years 7 months 5 days 20 hours ago) and read 1953 times:
Per FedEx last quarterly report they stated:
"Solid demand for our transportation solutions, outstanding customer service from FedEx team members and a healthier global economy helped drive revenue higher," said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer.
"Our yield improvement strategy is working, holiday peak season volumes are exceeding our expectations and our economic forecast for calendar 2011 has improved. We expect margins to improve in the second half of fiscal 2011 and in fiscal 2012, as we continue to benefit from global demand for our differentiated services."
From the desert to the sea, to all of Southern California
flyby519 From United States of America, joined Jul 2007, 1406 posts, RR: 0
Reply 5, posted (4 years 7 months 5 days 5 hours ago) and read 1686 times:
Stupid question relating to cargo business- Are there any restrictions on a US based company like FX/5X carrying packages that originate in say Germany and deliver in China? Do they have 5th Freedom rights type of thing for cargo business or is there anything against cabotage for packages?
These postings or comments are not a company-sponsored source of communication.
FX1816 From United States of America, joined Mar 2004, 1400 posts, RR: 3
Reply 7, posted (4 years 7 months 4 days 17 hours ago) and read 1515 times:
Quoting B777LRF (Reply 4): It wasn't just service, but it's correct they pulled out of the US domestic market. It "only" took a loss of 10 Billion USD, or more than 1 BN a year, for DHL to cotton on to that fact.
That and a very VERY poor upper management team in the US, or which many are still there to this day.
HPRamper From United States of America, joined May 2005, 4755 posts, RR: 8
Reply 8, posted (4 years 7 months 4 days 15 hours ago) and read 1462 times:
Quoting B777LRF (Reply 1): DHL is much less dependent on the US economy than FedEx and UPS, so while Yellow is back on the fast-growth path things might be a bit different for Purple and Brown. But, overall, cargo is booming big time.
As aa61hvy stated above, FX International is indeed strong. In fact, it's basically a given that domestic volume is at a plateau, growing only about 2% a year, while international is what is keeping FX in the black, and they are making an oscene amount of money outside the borders of the United States.
teva From France, joined Jan 2001, 1879 posts, RR: 15
Reply 9, posted (4 years 7 months 4 days 6 hours ago) and read 1356 times:
Optimism was there, as you can read in reply 2.
but we have to be careful. If speculation on oil continues, economy may have to slow down. Since Fx is a thermometer for the economy... Let's wait and see
Ecoute les orgues, Elles jouent pour toi...C'est le requiem pour un con