59 Dano
I just want to make friends!
Today's ridiculously inaccurate statistic.
Pay more, expect more.
- Thread starter slowdriver
- Start date
Today's ridiculously inaccurate statistic.
Cactus
Just telling it like it is
Don't BS yourself. Fred has a lot of turnover. Compare that to the Federal Express days when it was extremely low.
fatboy33
Well-Known Member
America has taken over from Mexico as the fattest nation in the world. Diabetes, heart disease... Mass shooting and fat slobs. The world laughs at us.
FrigidFTSup
Resident Suit
Fact check time. Average American lives to 78. And all of those issues with the exception of the shootings is a global issue. Africa has an AIDS problem, Europe a terrorist problem, Asia a smoking problem, Oceania a heart disease problem, and South America a poverty problem. Nobody is laughing at each other's problems. You're very cynical to believe that.
MAKAVELI
Well-Known Member
Americans laugh at other people's problems all the time. It's quite possible others are laughing at us as well.
Right. They are laughing all the way to take your job as more and more states allow illegals to get licenses.
59 Dano
I just want to make friends!
You have no idea what you're talking about. How much is a lot?
Cactus
Just telling it like it is
And you're way in denial. Here's a clue Jethro, he's losing as many as 2/3 of all new hires here in this market.
Now take off your rose colored glasses.
MrFedEx
Engorged Member
Really. Post the link. What does Fred owe Boeing?
slowdriver
Well-Known Member
Not taking sides, but Dano is correct, Google fedex 8k. A lot of these costs are 1 off deals, freeing up profits in the future(hopefully).
How many over a million has FedEx had working for them since their inception?
Cactus
Just telling it like it is
Dano's just trying to be difficult since he thinks that everything the company does is all kosher when really it's just the exact opposite.
MrFedEx
Engorged Member
SEC 8-K shows a FedEx Express operating margin of 3.6%. The 7.5% figure is for FDX, as in the whole company. So Dano's claim of 8% profits for Express is a LIE.
MrFedEx
Engorged Member
FedEx is trying to cut costs by modernizing it's aircraft and vehicle fleets, both of which are long overdue. UPS was the launch customer for the 767 in 1986, a plane that made sense then and still does now. Fred was still buying PAX DC10s up to 2004-2005 and converting them. It took them 25 years to figure out that twin engine freighters were the way to go. The DC10s are all gone, and they're starting to retire the MD11s and MD10s, well before their typical life-spans were up. In other words, another series of poor decisions.
With the vehicles, FedEx is saving fuel, but at the cost of capacity.
It's all meaningless anyway, because all of those savings are offset by massive turnover, moronic routing programs (DRA), and terrible management.
werenotthepostoffice
deep down inside I really do not care
Until Fred agrees to pay his drivers,ground too,the same wages and benefit package that UPS provides,he is nothing more than another Republican that gets rich off of others sweat.
Our rates are almost the same,across the board. Fred has nothing in vehicle maintenance or benefits for ground drivers. His pay structure,which no one is ever to top out due to constant changes,is surpassed by UPS(hub workers) at about the 5 year mark.
It's obvious where his money goes,Fred is the wealthiest Tennessean and number 171 on Forbes wealthiest American.
His net worth is 3.6 billion.
outtatime
Well-Known Member
All three of those things go hand-in-hand. Any off the street newbie can run any route with little to no training using DRA, thus saving money on payroll when all the topped out couriers retire and are replaced with a warm body. Is DRA better than an experienced, and trained properly on the correct way to run routes courier? No way. But it does allow any newb to get all the stops delivered that day while some "ass from a hole in the ground" manager hides in his office hoping he doesn't actually have to "manage" anyone. Add to the fact of no DOT psychical's for them and not having to contribute as much to 401K's, they are actually saving money this way.
Route 66
Slapped Upside-da-Head Member
Perhaps implementing DOT psychicals wouldn't be such a bad idea. Anyone who would want to come to work here these days must not be quite right upstairs.
slowdriver
Well-Known Member
Direct quote from Dec 16th 8-k under "FedEx Express Segment" about 7 pages down - "Operating margin of 9.4%, up from 7.0% the previous year"
http://investors.fedex.com/financial-information/sec-filings/default.aspx
Last edited:
fatboy33
Well-Known Member
So he's worth more than Floyd Mayweather? Must be nice.
Similar threads
