FedEx: it sucks out there, forget inventory build-up
One positive: LTL spin-off…
FedEx has become the first US cargo carrier to win rights to operate scheduled air services to Cuba.
The US Department of Transportation (DoT) has granted FedEx five weekly frequencies for a daily, Monday to Friday, all-cargo service between Miami and Matanzas.
The allocation, effective from July 15 and valid for two years, was uncontested by other carriers. United Airlines actually supported the motion, while American Airlines said it had no objection.
According to its application filing, FedEx plans to start the service on January 15, 2017. If it fails ...
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