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<blockquote data-quote="59 Dano" data-source="post: 862465" data-attributes="member: 23516"><p>Bud, learn to read. I never said that FedEx is "scraping the bottom of the barrel to get by," I said that its net profit margin is not that hot at the moment and that FDX isn't going to just sit around and wait for things to get better on their own. It's an objective observation.</p><p></p><p></p><p></p><p></p><p>From FY'10 to FY'11, Express increased the money spent on salaries and benefits by $781 million to a total of $9.1 billion. That's just for the Express segment.</p><p></p><p>You're upset about the $20 million spent in lobbying during that same period?</p><p></p><p>FedEx Freight lost $175 million in FY'11 (and another $197 million in the two previous FY).</p><p></p><p>You're upset about the $20 million spent in lobbying in that year?</p><p></p><p>What's your point? Is it that 'Fred' won't spend money on pay and benefits or is it that the $20 million spent on lobbying is a bigger waste than the hundreds of millions that Freight is losing?</p></blockquote><p></p>
[QUOTE="59 Dano, post: 862465, member: 23516"] Bud, learn to read. I never said that FedEx is "scraping the bottom of the barrel to get by," I said that its net profit margin is not that hot at the moment and that FDX isn't going to just sit around and wait for things to get better on their own. It's an objective observation. From FY'10 to FY'11, Express increased the money spent on salaries and benefits by $781 million to a total of $9.1 billion. That's just for the Express segment. You're upset about the $20 million spent in lobbying during that same period? FedEx Freight lost $175 million in FY'11 (and another $197 million in the two previous FY). You're upset about the $20 million spent in lobbying in that year? What's your point? Is it that 'Fred' won't spend money on pay and benefits or is it that the $20 million spent on lobbying is a bigger waste than the hundreds of millions that Freight is losing? [/QUOTE]
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