Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
The MD11
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="FedEx All the Way!" data-source="post: 505975" data-attributes="member: 18070"><p><strong>FedEx ready to cancel Boeing jet orders?</strong></p><p></p><p></p><p></p><p> </p><p> <img src="http://upload.wikimedia.org/wikipedia/commons/c/c9/Fedex.a310-200.n420fe.arp.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Is <strong>FedEx</strong> (FDX) blackmailing Congress or simply playing hardball? Either way, the shipping company is not making things easy on lawmakers these days.</p><p>FedEx is steamed about a bill working its way through Congress, and is threatening to cancel billions of dollars in new plane orders from <strong>Boeing</strong> (BA) as a result, according to the Wall Street Journal.</p><p>The bill would make it easier to form unions at FedEx, which has been nearly union-free to this point. That's very different from rival <strong>UPS</strong> (UPS), where more than half of the employees are union members.</p><p>Upset by the threat of more unions, FedEx is fighting back by clamping down its pocketbook. It might cancel orders for up to 30 new cargo planes from Boeing if lawmakers pass the bill. That would have been a $7 bilion purchase.</p><p>"It is exceedingly unlikely that we would purchase those airplanes," a FedEx spokesman told the Journal. He makes the claim -- a quite flimsy one -- that those planes become unnecessary when the bill cripples the company.</p><p>Predictably, unions have fired off a strong response. The International Brotherhood of Teamsters called FedEx irresponsible and shortsighted.</p><p>"It is a slap in the face to Congress and the American people," said a Teamsters executive. "The bill should be evaluated on its merit -- not upon the threat of FedEx to fire another torpedo through the American economy."</p><p>And a House Democrat who co-sponsored the bill says FedEx is just "huffing and puffing."</p><p></p><p>Normally, Boeing stays out of these squabbles. But $7 billion is a motivating figure, and analysts think Boeing will start lobbying Congress aggressively on FedEx's behalf. After all, Boeing needs every dollar it can these days as customers struggle for financing to buy more planes.</p><p></p><p>If that happens, <span style="font-size: 12px"><strong><span style="color: Blue">FedEx's move is quite brilliant. It gains a powerful lobbying ally and takes advantage of a weak economic environment in which lawmakers are desperate to see businesses and consumers start spending again. </span></strong></span></p><p><span style="font-size: 12px"></span></p><p></p><p></p><p><span style="font-size: 12px"><strong><span style="color: Blue">WAY TO GO FEDEX - SMART MOVE! KEEP THEM OUT!!!!!!</span></strong></span></p><p><span style="font-size: 12px"></span></p></blockquote><p></p>
[QUOTE="FedEx All the Way!, post: 505975, member: 18070"] [B]FedEx ready to cancel Boeing jet orders?[/B] [IMG]http://upload.wikimedia.org/wikipedia/commons/c/c9/Fedex.a310-200.n420fe.arp.jpg[/IMG]Is [B]FedEx[/B] (FDX) blackmailing Congress or simply playing hardball? Either way, the shipping company is not making things easy on lawmakers these days. FedEx is steamed about a bill working its way through Congress, and is threatening to cancel billions of dollars in new plane orders from [B]Boeing[/B] (BA) as a result, according to the Wall Street Journal. The bill would make it easier to form unions at FedEx, which has been nearly union-free to this point. That's very different from rival [B]UPS[/B] (UPS), where more than half of the employees are union members. Upset by the threat of more unions, FedEx is fighting back by clamping down its pocketbook. It might cancel orders for up to 30 new cargo planes from Boeing if lawmakers pass the bill. That would have been a $7 bilion purchase. "It is exceedingly unlikely that we would purchase those airplanes," a FedEx spokesman told the Journal. He makes the claim -- a quite flimsy one -- that those planes become unnecessary when the bill cripples the company. Predictably, unions have fired off a strong response. The International Brotherhood of Teamsters called FedEx irresponsible and shortsighted. "It is a slap in the face to Congress and the American people," said a Teamsters executive. "The bill should be evaluated on its merit -- not upon the threat of FedEx to fire another torpedo through the American economy." And a House Democrat who co-sponsored the bill says FedEx is just "huffing and puffing." Normally, Boeing stays out of these squabbles. But $7 billion is a motivating figure, and analysts think Boeing will start lobbying Congress aggressively on FedEx's behalf. After all, Boeing needs every dollar it can these days as customers struggle for financing to buy more planes. If that happens, [SIZE=3][B][COLOR=Blue]FedEx's move is quite brilliant. It gains a powerful lobbying ally and takes advantage of a weak economic environment in which lawmakers are desperate to see businesses and consumers start spending again. [/COLOR][/B] [/SIZE] [SIZE=3][B][COLOR=Blue]WAY TO GO FEDEX - SMART MOVE! KEEP THEM OUT!!!!!![/COLOR][/B] [/SIZE] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
The MD11
Top