Knots2you

Maritime - FedEx sees pick-up in air-cargo volume


UPS CEO Sees U.S. Recession Ending by End of 2009

On a bright note today, Reuters reports that UPS chairman and CEO Scott Davis said today that the U.S. recession would be over by year's end. Speaking at the National Summit in Detroit, Davis also said the biggest declines associated with the downturn had already occurred.
Also, please see today’s IPA Media Intel Report headline entitled “FedEx Sees Pick-Up in Air-Cargo Volume.”

FedEx Sees Pick-Up in Air-Cargo Volume (TheStar.com, June 15)
FedEx believes the drop in air transportation volume has bottomed out and hopes volume will pick up later in the year.
FedEx vice-president of legal and regulatory affairs Steven H. Taylor said the company currently did not see as big a cargo volume decline as it did earlier in the year.
“Similar to the aviation industry’s forecast, we are anticipating lower volume this year but we hope to see an increase as the year progresses.
“This year, we are not optimistic of recording the kind of volume we experienced a couple of years ago.
“And the volume contraction in our domestic market (in the United States) is much smaller than the contraction in our international market,” he said.
Taylor was speaking to StarBiz at the International Air Transport Association (IATA) AGM and World Air Transport Summit last week.
IATA forecast that global air-cargo demand would decline 17% and airlines are expected to carry 33.3 million tons of cargo this year against 40.1 million tons last year.
Air-cargo traffic started to decline in June last year and had dropped by 23% year-on-year in December. The air-cargo industry moves about 35% of the value of goods traded internationally and is a leading economic indicator.
Maritime - FedEx sees pick-up in air-cargo volume

Daniel Larusso

Sorry about that, someone will be along shortly to put out that light...

Knots2you

Could be an oncoming train too!

757upspilot

Its the light reflecting off of UPS managements teeth and the big smile because they just got a bunch of their pilots to give them a bunch of money back.

Pilot7576

757upspilot...

I don't know about you, but I gave nothing back. I did decide to work less this football season to ensure I can use my season tix. Less pay for less work is not a giveback; I hope they have this option in the next contract. Wish I could have taken off the entire season, but the boss doesn't want me home THAT much...LOL...

JMO

Pilot7576

Daniel Larusso

That will put your lights out too

OffRoad5150

Can UPS pilots drop trips anytime of the year - excluding holidays - without having to be forced to make it up at a later bid month?

Maybe due to our historically fat manning it's always been easy to drop trips at Fedex - to get that "football season off" for example.

highsky

Agreed. I did not give back anything. But I DID contribute huge to the MOU.

I was furloughed from a legacy, and had a front row seat for the collapse of our enormous contract. Back in those days, the management said, "We want you to work the same amount, for less pay."

This MOU is a very different deal:

"We want you to work less, at the same pay rate."

Two TOTALLY different worlds.

I'd much rather be in THIS world. This is a good deal. I'd also like to see this option in the next contract. This gives us more flexibility to trade money for time off, to enjoy our short lives.

CactusCrew

In a word ... NO

At least in my experience. The best you could do is drop a 10 day for a 9.5 day. We can't drop more that one day's worth of credit on a GOOD staffing month/bid period.

Flying Dog

Not normally. He is referring to our recent voluntary furlough avoidance plan.