Pay more, expect more.

[MrFedEx]

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

Why are we getting 2 different figures here? Same year?

 

[slowdriver]

 

[Fred's Myth]

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.

Not to defend Dano but:

"However, operating profits increased by 26% to $622 million as compared to $492 million in fiscal 2Q15. This was a result of increasing base rates and the profit improvement initiatives implemented by management. As a result, operating margins improved by 2.4% to 9.4% in fiscal 2Q16."

and for those who claim Dirt (I mean Ground) is carrying Express:

"FedEx Express forms 53% of the company’s revenue and accounts for 55% of its profits. FDX expects margins to improve further, adding to the company’s profitability."


By Ally SchmidtDecember 24, 2015 12:05 AM

 

[Cactus]

"FDX expects margins to improve further, adding to the company’s profitability."

However hourlies can plan on wages with less purchasing power in 2016 just like in all the years before.

 

[Purplepackage]

However hourlies can plan on wages with less purchasing power in 2016 just like in all the years before.

Well Amazon is trying to form an airline so now we really can't get raises

 

[Cactus]

Well Amazon is trying to form an airline so now we really can't get raises

You call what we had before real raises?