FedEx on WSJ

Discussion in 'UPS Discussions' started by skirhustler, Feb 8, 2009.

  1. skirhustler

    skirhustler Main St Los Angeles CA

    Heard FedEx was WSJ most likely to fail in 2009. Anyone else heard about this. Trying to find out if it's true. Also heard if they fail that would make UPS a Monopoly and they would break UPS like they did Pacific bell. If anyone have any links about it thx
  2. Leftinbuilding

    Leftinbuilding Active Member

    Where did you hear this?
  3. pretzel_man

    pretzel_man Well-Known Member

    I don't know about the WSJ, but FedEx is having cash flow problems. Look at the changes they made. They all improve their cash flow position.

    The big thing for FedEx will be whether their ground drivers are categorized as employees or contractors. If they are made employees, the additional cost will GREATLY impact their profitability.

    They would then have to raise rates and no longer be able to win contracts based on price.

    Right now FedEx is winning about 1/2 of the DHL volume. This is more than UPS thought it would be.

  4. stevetheupsguy

    stevetheupsguy sʇǝʌǝʇɥǝndsƃnʎ

    Okay, I'll bite, what's WSJ. Thought they were taking over a radio station.
  5. scratch

    scratch Least Best Moderator Staff Member

    Wall Street Journal
  6. Wall Street Journal I believe

    EDIT: Damn, scratch just beat me to it haha
  7. stevetheupsguy

    stevetheupsguy sʇǝʌǝʇɥǝndsƃnʎ

    Guess I'm not in the know.
  8. drewed

    drewed Shankman

    We'd see a good increase of volume if they raise their rates
  9. skirhustler

    skirhustler Main St Los Angeles CA

    A feeder driver told me he read it on wall street journal newspaper tue or wed.
  10. rod

    rod retired and happy

    Oh no!!!!---------------- Not another feeder rumor:happy2:
  11. 29th Christmas

    29th Christmas New Member

    FDN-----the Feeder Driver Network

    Some of those boyz need to get more sleep---the stories they come up with.
  12. over9five

    over9five Senior Member Staff Member

    I like FNN better. Feeder News Network.
  13. redshift1

    redshift1 New Member

    Maybe YRC trucking not Fedex.
  14. Sleeve_meet_Heart

    Sleeve_meet_Heart making the unreadable unreadabler

    If it was that significant a raise by fed-ex, UPS would raise rates accordingly.

    BLACKBOX Life is a Highway...

    The government would step in and bail out FDX, in that case all of the transportation companys will want a piece of that action including UPS.
  16. drewed

    drewed Shankman

    IDK, wed have no reason to beyond well they did too....forever weve charged more because our service is better because we compensate our employees better which are labor not saying we shouldnt be paid more but we could undercut fedex for once and still keep our standard of service.
  17. MrFedEx

    MrFedEx Engorged Member

    It sounds like an erroneous rumor. I have not seen or heard of a WSJ article along these lines, and it's not in the FedEx grapevine either. FedEx is still profitable, but they are making substantial cuts, with the exception of the big shots in Memphis, who still make some serious coin, but took token reductions to make the package monkeys like me feel their "pain".

    As of today, all coffee and bottled water services are to be eliminated at all locations, nobody is supposed to go over 40 hrs, uniform purchase accounts have been frozen, and on and on.

    FedEx Freight just laid-off 900 people, and Express is closing 4 undisclosed (so far) Call Centers. Supposedly, nobody is being laid-off, and the agents will work from home via an uplink. Another major announcement is on the way February 12th, which may mean layoffs, or it might just be the official confirmation that the Call Centers are closing.

    We just lost LL Bean, so I'm assuming it went to UPS and not the USPS, but I have not heard any official word on that either.

    Bad times, and getting worse, but we're not going bankrupt...yet.
  18. UPSNewbie

    UPSNewbie New Member

    If true, that could come out to be a win. Though, being cooped up all day might get boring.
  19. rod

    rod retired and happy

    How come one company won't let their employees go over 40 hours and the other companies solution is 10 to 12 hour days. One of them has to be wrong
  20. skirhustler

    skirhustler Main St Los Angeles CA

    I also heard no one wants to lend FedEx any money and yes FedEx is making money but they pay a lot of interest on loans they had. UPS pays no interest on purchases because it has no debt.