If you see Express' bottom line fall to - 3%, than you will see that stock drop like a rock. And then you can expect them to take more profit out of ground and it's contractor scam. Get ready for that six figures to drop to five.If Express' bottom line drops to -3%, other bottom lines will change as well.
By the way, your "degree of control" argument should be researched if you intend to use it. Courts are rather supportive of companies.
Like I said. High-risk, high-reward.
With a fiduciary responsibility to stockholders they aren't going to take high risks. The restructuring they're doing now certainly isn't moving at breakneck speed. If it were legally possible Express would be all contractors by now.
Why else do you think Express is not part of the contractor scam?Please explain the "legally possible" situation.
Please explain the "legally possible" situation.
Yes. If they could go to an all-contractor model, they certainly would. I foresee losses for the Express opco as they continue to perpetuate the DRAsaster by throwing new hires and money at it with increasing velocity. When you get DRA, you'll see for yourself what a dysfunctional mess it is, and how it adversely affects productivity and profits. They are rapidly increasing headcount and hours when the opposite is supposed to be happening.
Besides DRA, they are also buying a lot of new aircraft and vehicles. As the new planes come on-line there will be savings, but those are long-term in nature. Wall Street thinks short-term, and when Express starts piling-up losses investors are going to start to see through Fred's false promises regarding the Express opco. Even more emphasis will be placed on Ground.
As others have said, Express is still the flagship of the opcos, even if the bow is under water and the stern is slowly tilting upwards toward the sky. If and when it founders, people are going to pay attention and look at FedEx leadership, which will make all of the usual excuses and then redouble their efforts to build Ground.
I'm enjoying the show immensely.
But then on the other hand DRA creates all these routes that they are hiring part-timers to fill. Seems to be in keeping with the goal of making Express primarily a part-time workforce. Keeps the fulltime OT down too.
At our station it did. We had guys at 55 weekly. The PTers have cut away at the OT hrs but at the same time, 70pct of them come back late. Pass them on the road and they can be seen on the phone, at a stop for 20 mins trying to get girls phone numbers(we all been there lol), and just wasting time in general. I think if someone did the math, our OT vs. their insurance, vacation time, uniforms, accidents etc I doubt there's any real savings.I have a friend in Oregon that's a medium station. Said they didn't have any pters till recently. Now they have about 6 of them. I asked what changed he said nothing, his manager told them that Memphis basically forced the manager to hire some. Manager said I would only need a few part timers on wednesday and that's it. Said why hire them if I basically have nothing to use them for. Pay benies, uniforms, training, and he really didn't need em. So there are managers who are trying to run this place like a business and the top brass just forces their decisions on them as well. I have a suspicion ops managers no longer care either. What I'm seeing anyway. Point being they look at OT hours and think you need some pters . Even if at that particular station it doesn't bring the OT hours down anyway.
Exactly my point. Also the quality of the new part timers I've seen are laughable.At our station it did. We had guys at 55 weekly. The PTers have cut away at the OT hrs but at the same time, 70pct of them come back late. Pass them on the road and they can be seen on the phone, at a stop for 20 mins trying to get girls phone numbers(we all been there lol), and just wasting time in general. I think if someone did the math, our OT vs. their insurance, vacation time, uniforms, accidents etc I doubt there's any real savings.
At our station it did. We had guys at 55 weekly. The PTers have cut away at the OT hrs but at the same time, 70pct of them come back late. Pass them on the road and they can be seen on the phone, at a stop for 20 mins trying to get girls phone numbers(we all been there lol), and just wasting time in general. I think if someone did the math, our OT vs. their insurance, vacation time, uniforms, accidents etc I doubt there's any real savings.
Pickup routes should be easily learned by part timers who would proficient in a matter of days.
I think it easier to teach a pickup route simply because there is little variation in the route. Why so sensitive? As complicated as Express pickups may be, I doubt that they can't be mastered in at the most a week. Any quetions arising smoothed out with a phone call.
So you break it up for them. Send them out with 50%, then 70%, then 100%. Damn. It's almost like I have some kind of management experience or something. The big thing I to realize that the savings come not today but down the road.
I think it easier to teach a pickup route simply because there is little variation in the route. Why so sensitive? As complicated as Express pickups may be, I doubt that they can't be mastered in at the most a week. Any quetions arising smoothed out with a phone call.