If you’ve ever wondered what happens to used 757s, it turns out that FedEx buys them. Some of ’em, anyway.
Bloomberg has an interesting piece on Fedx and the used jet market. Check out the link below. You know you want to.
FedEx Sets $10 Million Price on Boeing 757 Jets: Freight Markets
Of course, some of the big jets end up in one of the “aircraft boneyards” scattered across the deserts of the southwest U.S.
FedEx CEO Fred Smith has an interesting opinion piece in Fortune today calling on
Congress to quit stalling and pass a bill promoting electric vehicles.
“I am not someone who tends to advocate increased government involvement in the private sector. But there is no free market for oil. This is not a market issue — it is a national security issue,” Smith writes.
With oil pushing $100 a barrel and gasoline prices up substantially from a year ago, now would be a good time for Congress to take this issue seriously.
There’s always hope, but I won’t hold my breath. Congress isn’t exactly known for being reasonable.
Read Smith’s commentary: FedEx CEO: Let’s end our need for oil
Photo: FedEx all-electric delivery truck. (FedEx)
In case you missed it, FedEx Corp. CEO Fred Smith had some interesting comments about the benefits of electric vehicles in an interview on CNBC on Monday.
Smith’s company has added electric vehicles to its fleet and Smith is a member of the Electrification Coalition, a nonpartisan group of business execs who support wide spread use of electric vehicles as means to “combat the economic, environmental, and national security dangers caused by our nations dependence on petroleum,” according to information on its website.
The coalition on Monday called for U.S. tax credits to help pay for corporate investment in electric vehicles.
Smith also shared with CNBC his thoughts on the economy and other issues.
Click here for the CNBC interview.
Photo: Fred Smith
Wondering how the economy will fare in the coming holiday shopping season? According to a
Bloomberg report, major transportation and retail executives are upbeat about the holidays.
FedEx and Delta say increased shipments to U.S. retailers indicate “a brighter holiday sales season for retailers.”
Global delivery company FedEx today boosted its earnings forecast, providing a glimmer of hope for better times in 2011.
The Memphis-based company upped its earnings outlook for its current quarter and the fiscal year that ends next May.
The answer to the headline question is “yes,” especially when you consider that FedEx’s competitor UPS last week raised its own earnings outlook.
Here’s another reason job creation has been slow — some of Corporate America’s big dogs are sitting on piles of cash waiting to make their move.
Check out this story in the Los Angeles Times that talks about how some of America’s largest corporations — including Memphis-based FedEx — have come out of the recession with plenty of money in the bank.
The question is when will they start to spend? When they do, we should start seeing improvement in the jobless numbers.