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FedEx (FDX) announced that quarterly profit was worse than expected due to weakness in the air express business.
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The Memphis-based company now has three distinct divisions: large ground freight, ground parcels and air express--with newly integrated information systems, sales and billing.
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As part of its marketing, American Express maintains an air of secrecy surrounding the card.
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That has blurred the line between express services and air freight, and led to increasing use by integrators of spare hold capacity on passenger planes.
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U.S. President Bill Clinton called Suharto from Air Force One Jan. 9 to express his concern about Indonesia's turmoil.
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Intelligent planes that are propelled into the air, flock in formation and fly 'express skyways' could cut time, delays, stress and emissions, according to Airbus experts.
ENGADGET: blogger-avatar
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He has persuaded several big cargo airlines Federal Express, Cargolux, Lufthansa, and Air France to include Prestwick as a stopover on their transatlantic routes.
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While big ugly conglomerates gasped for air during the 1970s, start-ups such as Federal Express, Microsoft, Apple, Genentech, Charles Schwab Corp. and Oracle were launched on the basis of cheaper technology and radically new business models.
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Over the years his Travel Skills Group has consulted to Fortune Magazine, American Express, tons of companies, and been an on air personality for CNN Airport News and still appears regularly on CNN, HLN, and Fox News.
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IBM, American Express, Honeywell, the Mayo Clinic, Intel, General Dynamics US Air and Edward Jones and Charles Schwab have major facilities around Tempe and Phoenix.
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FedEx Express reported a sharp 13% decline in international priority freight revenues, while international air freight revenues fell by 17% year-on-year during the third quarter.
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