Quote:
Originally Posted by Jungle Demon
They are using "energy crisis" as an excuse to overcharge for everything.
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CNBC interviewed FEDEX's CEO.
The rising cost of shipping is due to feight being half full, but still having a fixed cost. So where we would once share the expense with others, we are now baring the load of the empty slots.
"If volumes start to decline, and now your planes are 80% full, instead of-90%, full or 70%? Well, you still have to fly the plane,? said Hoexter. ?So you have the fixed cost without the revenue."