Fred Smith Oct. 9-10th
10-11-2012, 08:12 AM
#154
Gets Weekends Off
Joined APC: Dec 2007
Posts: 425
I am surprised it took company so long to take this course of action ......... It was clearly apparent long before now, that the markets were soft and not getting better ............. On the other hand, we have a management in place that is too top heavy, too many titles going around for sure !!! I am sure with our bean counters in charge, there will be steady progress in the way of cost cutting, at least make it look good to the Investors and Stock holders. I am planning with two years to go here and just hope we don't get a good screwin' like we did the last go around .................. but the potential is always there.
10-11-2012, 01:05 PM
#158
Gets Weekends Off
Joined APC: May 2006
Posts: 997
No Denying It: Memphis Will Take a FedEx Hit | City Beat Blog
Some interesting quotes from Mr. Smith in May in a speech to the Wings Club in New York City titled "Air Cargo: Back to the Future":
"The 747 air freighter gave air cargo a starring role in the air transportation system, instead of its being an after-thought in the underbellies of passenger planes. Now, finally, you had the plane to carry computers, electronics, and other high value perishables such as flowers across vast distances."
"As the 747 began to dominate long-haul services, an upstart network called Federal Express began flying from Memphis in spring 1973 with less than 200 packages rattling around in 14 small Dassault Falcons going to 25 cities on its first day."
"We understood at FedEx that information about the package is as important as the package itself, so we also originated the first tracking system."
"There's a cloud hanging over today's industrial horizon — the high price of oil. I'll never forget the effect of 1973's embargo on a fledgling FedEx. We almost went under before we'd barely begun . . . In 1999 oil was $16 a barrel. In 2008 it was $147 a barrel — a 900% increase."
"Let's compare a 747 and a large container ship. For the ship it takes one ton of fuel to move 330 tons of cargo. For the plane, it takes about 330 tons of fuel to move the same amount of cargo . . . All those big ships are nibbling away at the air cargo business, and those bites will become bigger when the Panama Canal expansion is completed in 2014."
"Bigger commodity consignments are increasingly moving by sea, and dedicated express networks and underbellies are capturing more urgent, lighter shipments. So in many ways the future of air cargo is akin to the early days of the industry."
"The takeaway from this evolution of the air cargo industry is that the air express sector will continue to grown long-term as the integration of the world's economies generate more small shipments moving directly from point of production to the end user."
At least he has interesting insights...
Some interesting quotes from Mr. Smith in May in a speech to the Wings Club in New York City titled "Air Cargo: Back to the Future":
"The 747 air freighter gave air cargo a starring role in the air transportation system, instead of its being an after-thought in the underbellies of passenger planes. Now, finally, you had the plane to carry computers, electronics, and other high value perishables such as flowers across vast distances."
"As the 747 began to dominate long-haul services, an upstart network called Federal Express began flying from Memphis in spring 1973 with less than 200 packages rattling around in 14 small Dassault Falcons going to 25 cities on its first day."
"We understood at FedEx that information about the package is as important as the package itself, so we also originated the first tracking system."
"There's a cloud hanging over today's industrial horizon — the high price of oil. I'll never forget the effect of 1973's embargo on a fledgling FedEx. We almost went under before we'd barely begun . . . In 1999 oil was $16 a barrel. In 2008 it was $147 a barrel — a 900% increase."
"Let's compare a 747 and a large container ship. For the ship it takes one ton of fuel to move 330 tons of cargo. For the plane, it takes about 330 tons of fuel to move the same amount of cargo . . . All those big ships are nibbling away at the air cargo business, and those bites will become bigger when the Panama Canal expansion is completed in 2014."
"Bigger commodity consignments are increasingly moving by sea, and dedicated express networks and underbellies are capturing more urgent, lighter shipments. So in many ways the future of air cargo is akin to the early days of the industry."
"The takeaway from this evolution of the air cargo industry is that the air express sector will continue to grown long-term as the integration of the world's economies generate more small shipments moving directly from point of production to the end user."
At least he has interesting insights...
10-11-2012, 01:13 PM
#159
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
No whats cheaper than trucks, mopeds. You heard it here 1st.
overloaded motorcycle transport - YouTube
overloaded motorcycle transport - YouTube
10-11-2012, 02:37 PM
#160
Gets Weekends Off
Joined APC: Feb 2008
Posts: 689
42, thanks for the apology...accepted. And you're correct, I was pointing out the humor in someone here pointing out to Fred that he finally gets it.
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