They'll have to do something. If he senses in six to nine months that the deal is going forward, he can't sit there for years and watch them cherry-pick their best freight.
More Quotes from Doug Rockel:
Right now, the timing of this is difficult. There's no doubt a price increase of this magnitude would be justified by the costs. But it's not what the shipping community is willing to hear right now.Doug Rockel
I'd like to give Pat Blake a chance, to hear what his strategic vision is for the company. But I go into it with apprehension knowing Roger (Curry) had a good background and a good track record. Why is Pat going to succeed where someone like Roger didn't
Doug Rockel
The tender offer tells me a lot of ups employees are incredibly loyal, that they believe in the company long-term. But I think there could be some selling of shares and until that overhang is taken up through higher demand, it will put pressure on the stock.
Doug Rockel
Consensus moves markets, and UP certainly has the momentum now. A healthy UP is good for everyone.
Doug Rockel
A lot of people think Federal Express is an Internet play -- it isn't. They forget FedEx is a high-end transportation provider. The transport companies benefiting from the Web boom now are the Post Office and UPS, which are hard to invest in.
Doug Rockel
Splitting up the assets makes infinite sense, not only from a financial perspective but from an operating perspective or competitive perspective.. No one wants market dominance to take place. The shipping community certainly doesn't want it, even the competing railroads out West don't want it.
Doug Rockel
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