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<blockquote data-quote="59 Dano" data-source="post: 5910178" data-attributes="member: 23516">This was addressed in the 2023 annual report last June and the company stressed that it may not be worth it to renew the contract this coming September.&nbsp; The primary issue was the ongoing and planned dramatic structural changes within the USPS that were being undertaken to reduce the need for and dependence on air transport now and for the foreseeable future.&nbsp; It was made clear then just as it was recently when you guys decided you would be upset:&nbsp; FedEx had a price that it wanted or it wasn&#039;t interested.&nbsp; Just like with Amazon.&nbsp; What was your plan for making this work?&nbsp; What&#039;s the expense to adjust operations, and approximately how long would those be recouped?&nbsp; Do you have an amortization schedule for that, and does it account for further declines in volume?&nbsp; If so, what&#039;s the rate of decline over the next 3 years?&nbsp; What kind of aircraft redeployment do you propose that maintains proper cargo volume capacity ratios?&nbsp; Considering the current and project declines in postal volume, at what point in the contract would there need to be significant operational changes to make the volume worthwhile?&nbsp; What would be your plan if volumes fell below that point?&nbsp; People on the outside looking in yelling &quot;they should have kept it&quot; over and over is cute.</blockquote>

[QUOTE="59 Dano, post: 5910178, member: 23516"] This was addressed in the 2023 annual report last June and the company stressed that it may not be worth it to renew the contract this coming September. The primary issue was the ongoing and planned dramatic structural changes within the USPS that were being undertaken to reduce the need for and dependence on air transport now and for the foreseeable future. It was made clear then just as it was recently when you guys decided you would be upset: FedEx had a price that it wanted or it wasn't interested. Just like with Amazon. What was your plan for making this work? What's the expense to adjust operations, and approximately how long would those be recouped? Do you have an amortization schedule for that, and does it account for further declines in volume? If so, what's the rate of decline over the next 3 years? What kind of aircraft redeployment do you propose that maintains proper cargo volume capacity ratios? Considering the current and project declines in postal volume, at what point in the contract would there need to be significant operational changes to make the volume worthwhile? What would be your plan if volumes fell below that point? People on the outside looking in yelling "they should have kept it" over and over is cute. [/QUOTE]

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