Sluggo63
Pattern Altitude
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Sluggo63
Frederick W. SmithI agree with the post above that cargo will be where it starts.
Here’s a question from Helane Becker of Cowen. A lot of companies are starting to experiment with UAVs, FedEx experimenting as well. If so, how is that going and what do you think the timing would be of using UAVs both in the air and on the ground? Also, is it realistic to believe there could be unmanned trucks? Is FedEx going down this route (lol, pun intended)?
So Helane, obviously we at FedEx are very mindful of these trends. We have a number of activities underway in robotics in particular in the packaged handling sector. Henry and FedEx Ground are real leaders in this regard. In terms of UAVs in particular, we have five separate, I think it would be not fair to call all of them projects but work streams or projects in both aviation and automated vehicles. The difference with us and a lot of other people we’ll just prefer to keep working those issues and tell you about them when they make a meaningful difference in the company. I will say this much. I think our philosophy and we know a lot about these technologies. After all, our auto pilots in our 777 airplanes are among the most sophisticated robots in the world. They can take off, land the plane and taxi to the gate and turn themselves off if that’s what we chose to do so. (ed: Okay, that's a bit of an overstatement, but whatever) But it’s very difficult in the foreseeable future to substitute for the well trained pilot or driver or person. And we look at the use of automation more as an opportunity to improve the productivity of those types of experts within our system to make their job more comfortable and easy and above all to increase safety. So those five work streams are underway. You’ll hear a lot about them I’m confident in the next few years. But important in our philosophy maybe slightly different than a lot of other people that think that right over the horizon, everything is going to be an automated vehicle or some sort of UAV. We think that is unlikely and that this technology like most technologies particularly aviation technology will evolve incrementally over time with a great emphasis on safety first. So that’s our UAV update. We’ll take two questions now.
http://seekingalpha.com/article/400...-results-earnings-call-transcript?part=single