Earnings report Jan 30

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01-30-2024 | 11:15 AM

#21

airplanes

Airplanes

Joined: May 2022

Posts: 260

Likes: 87

If enough leave then maybe we can get IPA checkrides. Probably too optimistic

01-30-2024 | 08:31 PM

#22

C2078

Banned

Joined: Oct 2019

Posts: 923

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Quote:

Originally Posted by Thrust Hold

UPS is just 6 months behind everything that FedEx is doing. If you want a look into the future, just look at our threads.

UPS has always been much leaner than Fedex, so the amount of fat to cut is much smaller than Fedex which was big time bloated.

01-31-2024 | 05:49 AM

#23

UPSFO4LIFE

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Joined: May 2006

Posts: 1,158

Likes: 2

From: DC-8 756/767

Quote:

Originally Posted by C2078

UPS has always been much leaner than Fedex, so the amount of fat to cut is much smaller than Fedex which was big time bloated.

The Post Office is moving away very rapidly from using airplanes to transport their volume, which FedEx is highly invested in. UPS had some of that volume, but nothing even close to FedEx. The behind six months has little to do with us. As stated above, UPS runs their business totally different, as we truck stuff first where FedEx mostly put their stuff on airplanes first.

01-31-2024 | 08:11 AM

#24

hercretired

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Joined: Mar 2021

Posts: 1,768

Likes: 28

Quote:

Originally Posted by UPSFO4LIFE

As stated above, UPS runs their business totally different, as we truck stuff first where FedEx mostly put their stuff on airplanes first.

I think the "DRIVE" initiative at FedEx is literally going to move more towards truck also

01-31-2024 | 09:09 AM

#25

tnkrdrvr

Living the SloBus life

Joined: Jan 2018

Posts: 2,181

Likes: 92

Quote:

Originally Posted by hercretired

I think the "DRIVE" initiative at FedEx is literally going to move more towards truck also

Agreed. Now that Fred and his love affair with air cargo is gone, FedEx corporate is free to chase efficiency and cost savings at the expense of their airline’s growth. Unfortunately, my best guess is that their pilot group will see stagnant numbers for several years going forward as FedEx corporate figures out how to use a more UPS like business model. Hopefully, they stand strong on their contract negotiations and refuse to accept less than the going rate for widebody pilots, while also improving their retirement plan. I don’t envy them.

01-31-2024 | 07:06 PM

#26

max8222

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Joined: Aug 2006

Posts: 1,357

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UPS= United Parcel Service, nothing in the name that says get it there fast ie: fly it if too far to truck over night.

FedEx= Federal Express, Express definition -denotes an overnight or rapid delivery service

So maybe they should rename FedEx to FedPS, or Federal Parcel Service

01-31-2024 | 11:56 PM

#27

Cocoloco

On Reserve

Joined: Nov 2023

Posts: 113

Likes: 10

From: MD-11

Quote:

Originally Posted by C2078

UPS has always been much leaner than Fedex, so the amount of fat to cut is much smaller than Fedex which was big time bloated.

Very True. Just look at Gateways, especially in Asia. FDX has triple the planes parked at each and everyone of them. Crazy really. CRK, NRT, KIX, SIN, doesn't matter which one. Four to one on the ramp. If they need to cut some fat, plenty out there.