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Air Cargo and Postal Sectors Merge and Converge Dec 00
Standard & Poors, Dec 2000
Abstract
(Editor's note: This commentary, originally published on Oct. 11, 2000, is being republished to correct some ratings in table 1 and to change the company name from FDX Corp. to FedEx Corp.) The air freight industry consists of a heterogeneous group of companies that transport three classes of air cargo--heavy freight, express packages, and mail--on an expedited basis (see chart 1). Increasingly, large government or quasi-government postal operators are acquiring private-sector air freight operators, creating globally integrated operations. Private operators are expanding their geographic and product offerings with both their public and private competitors. Some are even considering forming extensive alliances with previous arch competitors. The now nearly fully blurred divisions among these segments reflects the goal of many industry...
Companies mentioned in this report are: Federal Express Corp.,Menlo Worldwide Forwarding Inc.,Airborne Express Inc.,Deutsche Lufthansa AG,Evergreen International Aviation Inc.,Australian Postal Corp.,Atlas Air, Inc.,New Zealand Post Ltd.,Sideco Americana S.A.,FedEx Corp.,Fine Air Services Corp.,PostNL N.V.,SA Organizacion Coordinadora Argentina (OCA),United Parcel Service Inc.
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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