Thursday, March 26, 2009

FedEx preparing to cancel jet orders

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This, from yesterday's Wall Street Journal...FedEx is preparing to cancel billions of dollars in new aircraft orders over a bill pending in Congress to make unionizing easier. It raises the stakes with rival UPS and the Teamsters, who reportedly have been trying to organize FedEx for a number of years, the article says.

This, combined with its financial problems, combined with possible layoffs, and you've almost got a dinosaur sitting out at the airport.

E.C. :)

1 comment:

Inspector Clouseau said...

Thanks for focusing attention on this. I have been suggesting for roughly 2 years now that FedEx was ultimately going to have to re-visit its plans in the Greensboro area because of a declining economy, but more importantly, the nature of the change in our economy.

It is as if the local leaders have turned a blind eye to the issue.