Edward Wolfe Quotes
We are increasing our valuation for the group by 10 to 15 percent based on this news. Our sense is that additional consolidation in the group will occur in the near to intermediate term. Other consolidators in addition to Deutsche Post looked closely at AEIC.
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While the stock has been strong year-to-date and expectations were for a strong quarter, our sense is this was a very strong and clean quarter that shows evidence of increasing volume acceleration at Ground, improving margins at Express and stabilizing yields generally.
- Edward Wolfe
