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<blockquote data-quote="TUT" data-source="post: 1170502" data-attributes="member: 29298"><p><em>"Correct me if I am wrong, but a majority of people on this board want the 'old' Fedex Express back."</em><p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">To note I want the Old U.S.A. back, not one totally run by wall street. Fedex is a victim (perhaps they are happy to oblige as well) of a system where you seemingly have to go along now. I'm just here getting small package carrier information.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">I do find it questionable that the latest quarterly report shows Express made and lost the same amount ZERO. They reported ZERO on the Expres bottom line, it's a DASH, not a number. I don't believe in long odds like that, that shows me they want to create their own public picture of Express and ZERO/Dash does that. </span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Total Employee Salaries and Beni's: (As reported publicly)</span></p> <p style="text-align: left"><span style="color: #000000">2009 13.8 billion</span></p> <p style="text-align: left"><span style="color: #000000">2010 14.0 </span></p> <p style="text-align: left"><span style="color: #000000">2011 15.3 </span></p> <p style="text-align: left"><span style="color: #000000">2012 16.1</span></p> <p style="text-align: left"><span style="color: #000000">2013 16.5</span></p> <p style="text-align: left"><span style="color: #000000">To me it looks as if this past year, your Fedex wages/beni's rose much less than the previous 2, so why the health care drama? This has been the best controlled year in several.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Notice this major change which totally will affect the bottom line:</span></p> <p style="text-align: left"><span style="color: #000000">Business Realignment Costs/Other</span></p> <p style="text-align: left"><span style="color: #000000">2010 18 million</span></p> <p style="text-align: left"><span style="color: #000000">2011 89 </span></p> <p style="text-align: left"><span style="color: #000000">2012 134</span></p> <p style="text-align: left"><span style="color: #000000">2013 660 </span></p> <p style="text-align: left"><span style="color: #000000">Whopping change!, that is 530 million more and right off the bottom line for the 4th qtr and year, that will skew #'s that don't tell you day to day success/loss. $533 million was due to a restructure cost that was put on your books in the 4th qtr. If that didn't happen, Fedex could have reported 836 million profit in the QTR and that would have been their greatest by far in the history of the company. Like by 250 million. As Upstate says this restructure is going to pay off handsomely, because if they were kept that was a 800 million dollar quarter. Now with them gone and nothing on the books, that would be 800 million plus their pay/beni savings on top of that since they are now departed.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Now from reading here, I doesn't look like management is telling their people, "Fedex is doing amazing (best quarter ever, take out the reorg) and future quarters should be phenomenal." It seems they are selling "woe is us". Takes a rocket surgeon I suspect.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Interesting.</span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"></span></p></blockquote><p></p>
[QUOTE="TUT, post: 1170502, member: 29298"] [I]"Correct me if I am wrong, but a majority of people on this board want the 'old' Fedex Express back."[/I][LEFT][COLOR=#000000] To note I want the Old U.S.A. back, not one totally run by wall street. Fedex is a victim (perhaps they are happy to oblige as well) of a system where you seemingly have to go along now. I'm just here getting small package carrier information. I do find it questionable that the latest quarterly report shows Express made and lost the same amount ZERO. They reported ZERO on the Expres bottom line, it's a DASH, not a number. I don't believe in long odds like that, that shows me they want to create their own public picture of Express and ZERO/Dash does that. Total Employee Salaries and Beni's: (As reported publicly) 2009 13.8 billion 2010 14.0 2011 15.3 2012 16.1 2013 16.5 To me it looks as if this past year, your Fedex wages/beni's rose much less than the previous 2, so why the health care drama? This has been the best controlled year in several. Notice this major change which totally will affect the bottom line: Business Realignment Costs/Other 2010 18 million 2011 89 2012 134 2013 660 Whopping change!, that is 530 million more and right off the bottom line for the 4th qtr and year, that will skew #'s that don't tell you day to day success/loss. $533 million was due to a restructure cost that was put on your books in the 4th qtr. If that didn't happen, Fedex could have reported 836 million profit in the QTR and that would have been their greatest by far in the history of the company. Like by 250 million. As Upstate says this restructure is going to pay off handsomely, because if they were kept that was a 800 million dollar quarter. Now with them gone and nothing on the books, that would be 800 million plus their pay/beni savings on top of that since they are now departed. Now from reading here, I doesn't look like management is telling their people, "Fedex is doing amazing (best quarter ever, take out the reorg) and future quarters should be phenomenal." It seems they are selling "woe is us". Takes a rocket surgeon I suspect. Interesting. [/COLOR][/LEFT] [/QUOTE]
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