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<blockquote data-quote="59 Dano" data-source="post: 3522761" data-attributes="member: 23516">Nope, not playing fast and loose with anything.&nbsp; Emery entered the small package market to compete with FDX in 1978.&nbsp; By &#039;86 they began their decline.&nbsp; A year later they purchased Purolator (also losing tons of money) in an attempt to gain market share that saw 2 companies (FDX/UPS) dominating most of the market as a half-dozen or more smaller companies competed for the remainder.&nbsp; It didn&#039;t work well enough to matter and the company was eventually purchased by Consolidated Freightways in 1989, primarily as a way to give CF instant access to the international shipping industry.One of the first orders of business was to shift focus away from small package competition with FDX/UPS and back towards the heavier freight volume that had seen success in the past.&nbsp; It did little to help, with Emery&#039;s losses reaching close to $40 million for the year.&nbsp; The first half of 1990 saw losses eclipsing $100 million and $127 million in losses for the year as a whole.Nineteen ninety-one finally saw Emery withdraw almost entirely away from the small package segment, as the average shipment weight rose to over 120 lbs. from only 45 lbs. the year before.&nbsp; The start of aggressive cost cutting measures helped reduce losses to just over $80 million for that year.So tell me, van -- what doesn&#039;t jibe?&nbsp; When was Emery a threat?&nbsp; Was it during the 2 or 3 years in the early 80s when they weren&#039;t losing money?&nbsp; Was it after &#039;86 when they began a steep decline?&nbsp; Was in the ensuing years they were losing their shirts?&nbsp; Or was it when they stopped competing with FDX/UPS?C&#039;mon, van -- let&#039;s hear it.</blockquote>

[QUOTE="59 Dano, post: 3522761, member: 23516"] Nope, not playing fast and loose with anything. Emery entered the small package market to compete with FDX in 1978. By '86 they began their decline. A year later they purchased Purolator (also losing tons of money) in an attempt to gain market share that saw 2 companies (FDX/UPS) dominating most of the market as a half-dozen or more smaller companies competed for the remainder. It didn't work well enough to matter and the company was eventually purchased by Consolidated Freightways in 1989, primarily as a way to give CF instant access to the international shipping industry. One of the first orders of business was to shift focus away from small package competition with FDX/UPS and back towards the heavier freight volume that had seen success in the past. It did little to help, with Emery's losses reaching close to $40 million for the year. The first half of 1990 saw losses eclipsing $100 million and $127 million in losses for the year as a whole. Nineteen ninety-one finally saw Emery withdraw almost entirely away from the small package segment, as the average shipment weight rose to over 120 lbs. from only 45 lbs. the year before. The start of aggressive cost cutting measures helped reduce losses to just over $80 million for that year. So tell me, van -- what doesn't jibe? When was Emery a threat? Was it during the 2 or 3 years in the early 80s when they weren't losing money? Was it after '86 when they began a steep decline? Was in the ensuing years they were losing their shirts? Or was it when they stopped competing with FDX/UPS? C'mon, van -- let's hear it. [/QUOTE]

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