Originally Posted by
C2078
See, there it is again. Fedex has not tackled the TNT Albatross dead on since day one, this is what analysts are saying, excuse after excuse. The time has run out. You mention “the next quarter”, they have been saying “the next quarter” for at least a year. What most analysts are saying is that if Fedex had simply ripped off the TNT bandage from the beginning, they would not be in this situation today, they are saying Fedex has either lied all this time about the TNT integration or they are too incompetent to have understood the complexities of the acquisition.
Mr. Smith said that TNT was a failing company that lied about their situation. Unfortunately they didn't know how bad it was until after they bought them.
Not making excuse, just relaying what I read somewhere.