Originally Posted by
FDXLAG
OK, we all know there is an economic slow down. But what does that have to do with us? I will ask again, are there any cities we serviced in 2006 that we are not servicing today? Is the amount of freight we ship today statistically <,>, or = to what we shipped in 2006. Knowing the answer I must ask why are our BLGs already down 10% on their way to 25%.
The reason this is important is we can't fool ourselves. The last contract and the optimizer are responsible for our perceived overmanning. Unless we admit that we will make the same mistakes on the next contract. Don't let the union or company get away with blaming the economy.
Gas up almost 400% since 2006, volume down 70k packages per day since 2007, and transitioning from 3 man to 2 man aircraft. As the economy weakens, fewer companies will pay an express premium unless it is absolutely necessary. We will get through this, but the company and union aren't making this up.