I thought it was the other way around with Amazon. And certain corporate types here said Amazon would have little impact.
USPS deal
- Thread starter FedupExpress
- Start date
Gone fishin
Well-Known Member
I think Fred Sr sees his legacy and company burning to the ground , but who knows
yadig
Well-Known Member
He had a good run. Cheap labor and terrible management have caught up.
Gone fishin
Well-Known Member
He’s wealthy , that might be all that’s important to him
59 Dano
I just want to make friends!
It's a contract that is barely profitable. Those are contracted flights created for the postal service. The volume isn't there anymore and the post office doesn't want to renegotiate. Express can walk away and make money on the deal by grounding those flights and cutting pilots.
The flights aren't worth it if the margins don't meet suitable minimums.
59 Dano
I just want to make friends!
Yep. And then it was done because Amazon was going to buy it. And after Amazon didn't buy it, Walmart was going to buy it. And on it goes.
FedupExpress
Well-Known Member
Well ya, the only thing that was keeping fedex alive was the scamdemic
Cactus
Just telling it like it is
Doesn’t really matter at this point. FedEx is Walmart now, only on wheels.
Simply go out and watch the trucks on the interstates. Freight appears to have really cashed in on the demise of Yellow. If not for the few union represented carriers that remain Freight jocks would be making contractor driver pay. As for small box it has historically been a higher margin business than LTL However given the physical beating the job inflicts on package jocks the high turnover turnover rate will eventually catch up with that sector. Likewise the Ol' Virginny style sharecropping practice of paying people by the stop and box will inevitably come under DOJ and Department of Labor scrutiny.
In trucking, success is not founded on the basis of what you think you can achieve but rather on the basis of what you think you can get away with.
Gone fishin
Well-Known Member
I think FedEx itself is hanging on , FedEx reputation is taking huge hits with ground taking on bigger responsibilities with commits. While American workers are demanding better wages , FedEx is taking away wages.Express is hanging by a thread. Execs know it what why they made this Fedex one bull
Turnover and quality workers aren’t being fooled by Raj. FedEx has a small window to fix this or I can see them being in real trouble
zeev
Well-Known Member
You want to know what’s going on with the merger go on the Ground Facebook or Reddit driver page. Express packages are being delivered by Ground, drivers deliver if it is convenient. One thing about Ground the driver job is not good enough to worry about it. They get paid by the day and the faster they go the better .
59 Dano
I just want to make friends!
There was a .68% decrease in revenue for the 12 months after the end of the Amazon contract. I don't know about you, but I'd say that a less than 1% impact would be considered "little."
Then FedEx Express is doing well and there's no need to combine operations with Ground.
Cactus
Just telling it like it is
You forgot the fact that Smith is bloodthirsty for money on a continual basis. That’s the bottom line. Otherwise, you’re correct.
59 Dano
I just want to make friends!
What does the combination of Express and Ground have to do with an Amazon contract that expired nearly 5 years ago?
Just commenting on what you said. If Amazon had such negligible effect then what is the reason for combining the two opco's and taking away so many jobs? Could it be the company puts more profit above the livelihoods of so many Express employees? Just questions, don't get in a twist.
zeev
Well-Known Member
Amazon was the turning point for FedEx can not compete with a package that is already at its destination. Fast Freddy s doing an accelerated stock buyback taking the money out of stock the company to reflect the smaller company and pumping up his shares the demise will be by June 1.
Gone fishin
Well-Known Member
I don’t think that at all , Amazon delivers its own product. Really has no bearing on the rest of the world
