FedEx: it sucks out there, forget inventory build-up
One positive: LTL spin-off…
UPS and FedEx are shedding pilots as their airborne operations shrink, but growth in Mexico has seen them step up capacity there.
The downturn in parcel volumes moved by air prompted the integrators to accelerate the retirement of older aircraft and shed pilots. Indeed, reporting Q3 numbers, UPS reported its average daily airborne volume in the period had dropped 15.8% from 12 months prior
It put the blame on weaker demand and a strong shift of ...
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