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REEXAMINING BUSINESS MODEL * USA - FedEx Downshifts
RETHINKING OPERATIONS: Punishing fuel costs and a shaky economy is forcing FedEx Express to
Washington,DC,USA -Aircargoworld, by Michael Fabey -5 Aug 2008: -- While harboring hopes the U.S. economy will turn around and fuel prices will start to level off, FedEx is positioning itself for what company officials say is an altered industry landscape... Frederick W. Smith, FedEx chairman, president and chief executive officer, said in the wake of the company's first quarterly loss in several years that FedEx is rethinking its foundation express operations and even the way it gears up for international traffic... "FedEx Express has not bought a unit of capacity for the domestic express business in years and years and years," Smith told investment analysts in a conference call on the company's earnings... Instead, Smith said, the world's largest air express operator is looking at a new era of air shipping that includes still lighter reliance on aircraft for shorter hauls and a focus on fitting the domestic network into a global supply chain... He said FedEx's expansion into trucking services positions the company for the changes but his remarks suggest more changes in company strategy could be coming... Labels: intelligence in transport
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