Quote:
Originally Posted by Vaive
FedEx volume is at Christmas like levels right now. Except unlike Christmas, they didn't ramp up for this spike as it was un anticipated, obviously. Ecommerce transactions are about 50% higher vs this time in 2019. You don't just snap your fingers and scale up like that overnight.
So just chill and recognize these are not normal times.
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You don't know squat about logistics and shipping.
We are 2 months into this. They started hiring immediately. Their ground business is chugging along just fine. But the vast majority of air freight travels in the belly of passenger planes. No commercial flights? Limited room for freight and they only own so many of their own planes. The number of flights is the weak link. The drivers and the distribution centers etc are all running just fine.