If volumes are flat, which is what both FedEx and UPS warned a couple of weeks ago, there's no way shippers are going to pay it, ... It's very pie in the sky. Unless they're going to shrink their business, there's no way they'll get that rate.
More Quotes from Ed Wolfe:
Although cats have nine lives, we believe Kitty may be running out of time. If no one extends a life line to Kitty Hawk, there is a real possibility that Kitty Hawk, in its present form, will no longer be in operation six months down the road.Ed Wolfe
FedEx is looking for ways to reinvent itself. This gives me some hope.
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
The upside to the quarter was driven by strong cost control and benefit from its fuel surcharge,
Ed Wolfe
Clearly, further weakening in domestic express and international volumes is not a good sign for UPS as well.
Ed Wolfe
The earnings implications are probably immaterial, but perception of UPS as a new economy supply chain information provider is real.
Ed Wolfe
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Based on Topics: Business & Commerce QuotesBased on Keywords: shippers
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It stands to the everlasting credit of science that by acting on the human mind it has overcome man's insecurity before himself and before nature.
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