This is looking bad for Express

Discussion in 'FedEx Discussions' started by snackdad, Jun 20, 2012.

  1. snackdad

    snackdad New Member

    FedEx seeks cost cuts as growth slows - ft.com -


    "We expect to mitigate these challenges by reducing costs and improving efficiencies, and are continuing to evaluate additional actions to substantially improve FedEx Express margins," Mr Graf said.
    FedEx said its forecast does not include the impact of cost-cutting plans under review that the company expects to announce in a few months' time.

    Jefferies & Company analyst Peter Nesvold told investors in a note that higher costs are the main reason for FedEx's lower-than-expected forecast, according to a report in The New York Times. Earnings in the long run could be boosted by a reorganization in the FedEx Express business unit, including layoffs, according to Nesvold.

    Analysts have pointed to a reorganization for FedEx Express for a while now. The company, in its statement announcing the fourth-quarter and year-end performance, said it would announce in the fall "significant cost reduction programs currently under review.":panicsmiley:
     
  2. Mr. 7

    Mr. 7 The monkey on the left.

    The sky is falling.
     
  3. thedownhillEXPRESS

    thedownhillEXPRESS Well-Known Member

    Our managers are looking like the walking dead the last few days.
    Such a miserable bunch of people in our station waiting to watch their futures collapase......
    I don't think they'll be letting fortune 500 do any surveys at Express again in my generation.
     
  4. Rhoderunner

    Rhoderunner Active Member

    They're the ones most likely to be offered a buyout. Maybe some pocket change on their way out the door. I don't think the hourlies will be so lucky.
     
  5. TUT

    TUT Well-Known Member

    You act as if they haven't heard it all before.
     
  6. TUT

    TUT Well-Known Member

    They care.
     
  7. STFXG

    STFXG Well-Known Member

    You can pay me and I'd be happy to listen to your rant.
     
  8. winglas

    winglas New Member

    Interesting...I never would have guessed you work for FedEx. From what I hear thats one of the best companies to work for. Goodonya :winks:
     
  9. MrFedEx

    MrFedEx Engorged Member

    You get it. If I show up for work in a panda suit next Monday will I be treated with respect?
     
  10. DOWNTRODDEN IN TEXAS

    DOWNTRODDEN IN TEXAS Active Member

    Hell yes you will brother! You'll even get a brand new "Panda-mobile", it has a clear cage on it so they can drive you around and show how "Eco-friendly" we are.
     
  11. FedExer267

    FedExer267 Member

    Probally even feed you better than the Costco Hot dogs and Hamburgers we get a couple times a year!!!
     
  12. MrFedEx

    MrFedEx Engorged Member

    Cool!! Can I wave at people like the Pope?
     
  13. MrFedEx

    MrFedEx Engorged Member

    With the Big Sellout, Fred won't even have to budget for the crap food any longer. That will get him closer to his beloved 10% and one step lower in Hell. Pretty soon, he'll have a spot reserved stoking the furnace next to Stalin.
     
  14. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    A Capitalist next to a Socialist ... maybe Satan will put one on each side of him.
    That might be better.
    That combination might be like matter and anti-matter interacting.