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<blockquote data-quote="Ricochet1a" data-source="post: 985705" data-attributes="member: 22880"><p>As a matter of fact I do....</p><p></p><p>Frederick W. Smith</p><p></p><p>From the Q&A from the investors' conference call....</p><p></p><p><u><em><strong>...We work with customers to put their products in the right network that's going to benefit them and, of course, benefit FedEx as well.</strong></em></u></p><p><u><em><strong></strong></em></u></p><p><u><em><strong></strong></em></u></p><p><u><em><strong></strong></em></u>FedEx CORPORATION wants the business within FedEx. Right now, Express has the lowest margins of all the opcos (Fred uses the term "network" for the meeting instead of opcos). In case you didn't know, FedEx Corporation is an "Network Integrator" - they offer a variety of networks (opcos) to gain as much market share as possible. The full realization of the integration of the different networks is starting to happen. There is an active campaign within FedEx to have customers shift their volume OUT of Express and into one of the other opcos for movement - since the margins for FedEx Corporation are higher outside of Express. </p><p></p><p>I believe that you are still using the fallacy of "FedEx is Express". It is NOT. Express is but one opco within the constellation of companies which make up FedEx Corporation - which happens to be performing poorly right now. </p><p></p><p>I've written God knows how many words of text here regarding this whole plan of FedEx's since late 2009. I can't constantly rehash old statements over and over. It is dependent on YOU, the reader to look at past statements to gain full context and history of discussions that have been made. Dano boy thinks that I have to provide full context within each and every post - if I did that, I'd have posts that run 5000 words long instead of 500-1000. </p><p></p><p>So here it goes again...</p><p></p><p><strong>There is a deliberate move by FedEx Corporation to encourage its customers to shift the movement of their volume out of Express and into other opcos. These opcos include Ground, Freight, Office, Custom Critical and even Trade Networks. READ the entire transcript of the conference call and the Q&A session afterwards - it is why I posted a link to it. </strong></p><p><strong></strong></p><p><strong></strong>I can't spoon feed every single detail within my posts, it is unnecessary and counterproductive - YOU need to do some outside reading to build the "big picture" as to what is happening. I can help to connect the dots, but you have to gather some information out there on your own. I rely upon the intelligence of the reader to do some research on their own (both internet and their own FedEx sources) to fill in as much of the picture as possible. </p><p></p><p>I'll point out that even "vantexan" has finally seen the big picture - after a couple of years of being in complete denial (I give him credit for doing his outside research and putting the pieces together on his own). I don't state this as a "dig" against Vantexan, but he has done his homework and had finally grasped the full scope of the impending changes. </p><p></p><p>The readers aren't going to get a link to an internal FedEx document labeled: "Master Plan for Reorganization of FedEx Operating Companies" - and get the whole story spilled out in explicit detail. Simply won't happen. This is why there WAS an investors conference call Tuesday, to give them a bit more of the big picture of what FedEx is planning. </p><p></p><p>For the "little people" that read this forum, they have to spend a few hours a week reading what is posted here and then combine that with what they find in other public sources and then what they hear within FedEx. Hopefully they can build a picture for themselves and then make plans for their future. In the past, I was hopeful that the wage employees of Express would realize what was going to happen to them and organize - it is too late for that now. Now the only reason I post here is to help those who are on the fence as to what is going to happen, to realize that time is running out, and they'd had better starting making other plans for themselves.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 985705, member: 22880"] As a matter of fact I do.... Frederick W. Smith From the Q&A from the investors' conference call.... [U][I][B]...We work with customers to put their products in the right network that's going to benefit them and, of course, benefit FedEx as well. [/B][/I][/U]FedEx CORPORATION wants the business within FedEx. Right now, Express has the lowest margins of all the opcos (Fred uses the term "network" for the meeting instead of opcos). In case you didn't know, FedEx Corporation is an "Network Integrator" - they offer a variety of networks (opcos) to gain as much market share as possible. The full realization of the integration of the different networks is starting to happen. There is an active campaign within FedEx to have customers shift their volume OUT of Express and into one of the other opcos for movement - since the margins for FedEx Corporation are higher outside of Express. I believe that you are still using the fallacy of "FedEx is Express". It is NOT. Express is but one opco within the constellation of companies which make up FedEx Corporation - which happens to be performing poorly right now. I've written God knows how many words of text here regarding this whole plan of FedEx's since late 2009. I can't constantly rehash old statements over and over. It is dependent on YOU, the reader to look at past statements to gain full context and history of discussions that have been made. Dano boy thinks that I have to provide full context within each and every post - if I did that, I'd have posts that run 5000 words long instead of 500-1000. So here it goes again... [B]There is a deliberate move by FedEx Corporation to encourage its customers to shift the movement of their volume out of Express and into other opcos. These opcos include Ground, Freight, Office, Custom Critical and even Trade Networks. READ the entire transcript of the conference call and the Q&A session afterwards - it is why I posted a link to it. [/B]I can't spoon feed every single detail within my posts, it is unnecessary and counterproductive - YOU need to do some outside reading to build the "big picture" as to what is happening. I can help to connect the dots, but you have to gather some information out there on your own. I rely upon the intelligence of the reader to do some research on their own (both internet and their own FedEx sources) to fill in as much of the picture as possible. I'll point out that even "vantexan" has finally seen the big picture - after a couple of years of being in complete denial (I give him credit for doing his outside research and putting the pieces together on his own). I don't state this as a "dig" against Vantexan, but he has done his homework and had finally grasped the full scope of the impending changes. The readers aren't going to get a link to an internal FedEx document labeled: "Master Plan for Reorganization of FedEx Operating Companies" - and get the whole story spilled out in explicit detail. Simply won't happen. This is why there WAS an investors conference call Tuesday, to give them a bit more of the big picture of what FedEx is planning. For the "little people" that read this forum, they have to spend a few hours a week reading what is posted here and then combine that with what they find in other public sources and then what they hear within FedEx. Hopefully they can build a picture for themselves and then make plans for their future. In the past, I was hopeful that the wage employees of Express would realize what was going to happen to them and organize - it is too late for that now. Now the only reason I post here is to help those who are on the fence as to what is going to happen, to realize that time is running out, and they'd had better starting making other plans for themselves. [/QUOTE]
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