Originally Posted by
threeighteen
Trucks move a ton of Express freight... the fact that this is news to any of you is... surprising. Some pretty long distances too, often transcontinental...
I think that was the whole Point. This isn't news to us and has always been a concern to the Pilots.
Domestically our growth has peaked. FedEx began trucking more and more Priority Freight many years ago and has been increasing it.
The Domestic Economy has stalled growth. Most customers now are willing to accept 2-3 day delivery instead of overnight and pay less.
The world economy has now slowed. Europe is in recession and growth in Asia, especially China is coming to a halt.
No Surprises.