Old 06-25-2019, 04:02 AM
  #11  
tnkrdrvr
Occasional box hauler
 
Joined APC: Jan 2018
Posts: 1,692
Default

My anecdotal experience is that we are rarely flying lightly loaded jets. On the MD domestically, the payloads are very healthy. I’ve only flown one empty jet this year. Fred is a business genius, but he may have grown FEDEX Express too aggressively. He wouldn’t be the first genius to make a mistake. It doesn’t mean they are sunk, just that they may experience a few lean years while they sort it out. UPS definitely prefers not to make capital expenditures until it absolutely has to. We miss opportunities for growth as a result, but it tends to make us a more consistently profitable and boring company.
tnkrdrvr is offline