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<blockquote data-quote="Ricochet1a" data-source="post: 1110274" data-attributes="member: 22880"><p>I took a look at the financials as provided on the PDF to the link above - and all the numbers do indeed 'line up'. </p><p></p><p>So what it looks like, is that revenue is being split between Ground and "Smart Post' (some of what you are calling Smart Post has revenue split between the financial statement "Smart Post", and some is under "Ground"). </p><p></p><p>I suspect that they may have the revenue from the line haul portion ONLY of what you are thinking of as Smart Post listed ($267,000,000 for the 3 month period ending 2/28/2013), that divided by total pieces (2,477,000 average daily pcs TIMES 62 operating days in reporting period resulting in 153,174,000 total pcs moved in the period). So divide the revenue by total pcs to get</p><p></p><p>$1.74....</p><p></p><p>There is going to be some error due to rounded numbers being used in the reporting statement. </p><p></p><p>One has to admit, having only 10% of the total revenue for Ground coming from Smart Post, BUT fully one-third of the total pieces moving through Ground being Smart Post - that something doesn't look right. </p><p></p><p>So what I suspect is happening, is that there is additional revenue attached to these Smart Post pieces, which is being reported under the Ground portion of the financial statements. The revenue listed under Smart Post may just be the direct revenue associated with billing for the line haul portion of the movement.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1110274, member: 22880"] I took a look at the financials as provided on the PDF to the link above - and all the numbers do indeed 'line up'. So what it looks like, is that revenue is being split between Ground and "Smart Post' (some of what you are calling Smart Post has revenue split between the financial statement "Smart Post", and some is under "Ground"). I suspect that they may have the revenue from the line haul portion ONLY of what you are thinking of as Smart Post listed ($267,000,000 for the 3 month period ending 2/28/2013), that divided by total pieces (2,477,000 average daily pcs TIMES 62 operating days in reporting period resulting in 153,174,000 total pcs moved in the period). So divide the revenue by total pcs to get $1.74.... There is going to be some error due to rounded numbers being used in the reporting statement. One has to admit, having only 10% of the total revenue for Ground coming from Smart Post, BUT fully one-third of the total pieces moving through Ground being Smart Post - that something doesn't look right. So what I suspect is happening, is that there is additional revenue attached to these Smart Post pieces, which is being reported under the Ground portion of the financial statements. The revenue listed under Smart Post may just be the direct revenue associated with billing for the line haul portion of the movement. [/QUOTE]
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