SA: FedEx falls after tight labor market hits bottom line; UPS lower in sympathy
SEEKING ALPHA reports: – FedEx (NYSE:FDX) trades lower after pointing to costs from a constrained labor market in ...
© Rocky Grimes | Dreamstime.com - Anchorage International Airport
Proposals to triple jet fuel tax in Alaska could severely impact the state’s role in the cargo sector, according to UPS. Air Cargo News reports that the integrator said the move would effectively amount to double taxation on its operations at Ted Stevens Anchorage International Airport – the fifth busiest cargo gateway in the world. The funds are intended to be ploughed into infrastructure across the state, including developments at so-called “lifeline airports”. In a letter to the Alaska Transportation Committee, UPS vice president of public affairs Nick D’Andrea said the proposal was asking UPS and other carriers to subsidise airports they did not use.
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