Do you want to start out at the bottom again a few years down the road when FedEx gets FedUp with National bleeding money? They already got rid of Kinko's -they're calling it FedEx Office now. Who's to say they won't get rid of another dog?
UPS Freight is the way to go. One call, one truck shows up...the customers love us because they don't have to deal with 200 different opcos. And you can't beat the pension either.
More misrepresentation!
My manager listened to the state of the company call today and talked to us about the earnings release this morning. Yes, the corp. took a beating in the 4th quarter because they wrote down the Kinkos name change. That's a one time deal and now it's done (accounting wise.) If not for that, we would have shown a profit for the fourth quarter. By the way, the corp. did show a profit for the year, as did the Freight segment (FXF and FXNL.)
AND, they didn't get rid of Kinkos. They changed the name. Same company it was two weeks ago.
As for National, they don't report separate results between FXNL and Freight, but on the call today,
I'm told, Pat R. said that they have been extremely pleased with how FXNL has operated since earlier this year and they are basically set to kick @$$ and chew bubble gum. And we're all out of bubble gum.
NOW, please inform us all how they load 1,500 lb skids in those little brown courier vans. One truck, huh? So you're picking up envelopes and 5 lb boxes? If so, you guys totally ROCK!
Here's my opinion: UPS and UPSF are fine, viable competitors. Competition makes us all better. Just please coming over here telling us how bad we suck.
FXF OAF