Old 02-10-2018, 08:58 AM
  #6  
SilentLurker
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Default Threat of Amazon in the package delivery biz

Originally Posted by JackStraw View Post
Fred Smith doesn’t view Amazon as a competitor. “Amazon is a retailer” and “Fedex is a transporter” according to him.


There was a recent Fox Business News video interview with Fred Smith. Google search it. Very enlightening.

Quote above is correct Fred Smith does not see Amazon as a threat, and put out a figure that without Amazon they transport millions of packages a day, and generate income from various sources, and FedEx business model is resilient without Amazon and is still growing.

The interview also touched on Unmanned Cargo flight research and development, improved distribution efficiencies potentials, facilities upgrades (increases CapItal Expenditures) thanks to new tax law, and international growth. Lots of money out there!

On a side note, UPS also just ordered like 14 Boeing 747 to keep the production alive a couple more years. Amazing really.

We are living in interesting times, a lot of growth and money out there. Companies are looking to spend on growth, acquisitions, and people.

Robots, 1 /single pilots crew, then unmanned automation are a couple years away in Fed Smiths life time (as he put it in the interview), 1 leap in technology/discovery & costs can shorten that time frame.

Fly safe, enjoy the growth, put yourself in position to take advantage of opportunities inside and outside of aviation, and earn enough to cushion yourself during any down-cycle.
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