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<blockquote data-quote="MrFedEx" data-source="post: 862223" data-attributes="member: 12508"><p>YOU LIE!! Let's consider some other reasons profits have dropped, OK? How about bloated salaries and perks for the upper crust of FedEx? Or how about our pilot compensation and benefit plans, which are far superior to anything hourly employees receive, and the most generous in the industry? Massive employee turnover is also very expensive. So are new aircraft purchases, which we simply must have after spending huge money on updating fuel-hog DC10's into fuel-hog MD10's that aren't nearly as efficient as newer aircraft. Another stupid move. Mis-management is very costly. So are all of the millions Fred has pumped into lobbying, a private jet fleet for top execs and friendly politicians. It's expensive keeping the RLA that keeps most employees in the poorhouse. Oh, and crap service has lost FedEx some major accounts that used to provide lots of volume.</p><p></p><p>Here's a big wake-up call for you. Transportation companies (particularly "airlines") almost always have operating ratios in the mid to high 90's, and large trucking companies usually have ratios as high as 98, and they do just fine. Both FedEx and UPS, which are basically the same thing, have high operating ratios because that's the norm for the industry. UPS, which is much better managed despite having a unionized workforce, does very well because they actually know what they are doing at the corporate level. When the best you've got is MT3, you're on the losing team. </p><p></p><p>After you shine Fred's shoes, you can change his diaper too. His Depends aren't getting the job done any longer. God, you are such a suck-up.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 862223, member: 12508"] YOU LIE!! Let's consider some other reasons profits have dropped, OK? How about bloated salaries and perks for the upper crust of FedEx? Or how about our pilot compensation and benefit plans, which are far superior to anything hourly employees receive, and the most generous in the industry? Massive employee turnover is also very expensive. So are new aircraft purchases, which we simply must have after spending huge money on updating fuel-hog DC10's into fuel-hog MD10's that aren't nearly as efficient as newer aircraft. Another stupid move. Mis-management is very costly. So are all of the millions Fred has pumped into lobbying, a private jet fleet for top execs and friendly politicians. It's expensive keeping the RLA that keeps most employees in the poorhouse. Oh, and crap service has lost FedEx some major accounts that used to provide lots of volume. Here's a big wake-up call for you. Transportation companies (particularly "airlines") almost always have operating ratios in the mid to high 90's, and large trucking companies usually have ratios as high as 98, and they do just fine. Both FedEx and UPS, which are basically the same thing, have high operating ratios because that's the norm for the industry. UPS, which is much better managed despite having a unionized workforce, does very well because they actually know what they are doing at the corporate level. When the best you've got is MT3, you're on the losing team. After you shine Fred's shoes, you can change his diaper too. His Depends aren't getting the job done any longer. God, you are such a suck-up. [/QUOTE]
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