I like where we are in the cycle. You don't buy them when things are good. You buy them when things are bad, in front of Fed easing and fuel coming down, that's when you buy them.
More Quotes from Ed Wolfe:
This will be very positive for UPS over the long term, ... This is not material to earnings per share during the next few years, but over time it will be an important growth engine. It is also important to UPS because of the validation of the political time and effort they spent in winning support on Capital Hill for these slots.Ed Wolfe
These people are like family.
Ed Wolfe
Our sense is that the rejection was more a statement of employee sentiment in the airline industry rather than a statement regarding overall labor relations between UPS and the Teamsters, ... However, we believe UPS would want to put this contract to bed before focusing on the national Teamster contract.
Ed Wolfe
We've never seen a beast like UPS, ... It's best in class, six times bigger than its next largest competitor. They set pricing. They have best returns in the integrated (freight transportation) sector.
Ed Wolfe
FedEx is looking for ways to reinvent itself. This gives me some hope.
Ed Wolfe
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