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Fed-Ex 3rd quarter earnings
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<blockquote data-quote="bacha29" data-source="post: 5787730" data-attributes="member: 58386"><p>Two key disclosures in the article which command attention:</p><p>1. "Cutting back on temporary help". Translation: In quite a number of stations sort line help is supplied by temporary staffing agencies. Expect to see contractors having to provide Raj with even more free sort line and truck loading help if they have any hope of getting out of the building on time.</p><p></p><p></p><p>2. "Securing more competitive transportation rates". Contractors, what Fat Freddy and Raj are telling you is that they won't be</p><p>satisfied until you are literally hauling their junk for free. Some of you have been on here crying about rates cuts and compressed margins. Based on that four letter sentence.....the worst of it may be still to come as evidenced by the on the spot dismissal of </p><p>Patton their largest contractor and never missed a beat.....Like the it never even happened and Spencer Patton never existed.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5787730, member: 58386"] Two key disclosures in the article which command attention: 1. "Cutting back on temporary help". Translation: In quite a number of stations sort line help is supplied by temporary staffing agencies. Expect to see contractors having to provide Raj with even more free sort line and truck loading help if they have any hope of getting out of the building on time. 2. "Securing more competitive transportation rates". Contractors, what Fat Freddy and Raj are telling you is that they won't be satisfied until you are literally hauling their junk for free. Some of you have been on here crying about rates cuts and compressed margins. Based on that four letter sentence.....the worst of it may be still to come as evidenced by the on the spot dismissal of Patton their largest contractor and never missed a beat.....Like the it never even happened and Spencer Patton never existed. [/QUOTE]
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