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Old 02-08-2026 | 01:28 PM
  #23  
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tnkrdrvr
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Originally Posted by airplanes
UPS freight sold for $800 million. It was a significantly smaller operation than FedEx freight. I’m seeing FedEx freight being valued at 30 billion. Not exactly an apples to apples comparison.
I agree that they are probably not the same thing. What we sold off was a division formed after we bought a LTL operation (I believe Coyote Logistics). The company found that it’s a cutthroat business with very low margins that didn’t integrate well with the rest of our business. They sold it for around what they paid for it. LTL has nothing to do with air freight, so unless they do more than that, it may have minimal impact on your pilot group. If it’s your whole FEDEX Ground operation, than yeah, that may negatively impact your air operation by removing filler for aircraft that aren’t filled by Express packages. That couldn’t as easily be done at Brown simply because there has never been a differentiation between ground and air. Air just makes the next day and second day products possible. The same drivers have always delivered all of our products.
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