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What if the Ground ISP Model Fails?
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<blockquote data-quote="vantexan" data-source="post: 784569" data-attributes="member: 24302"><p>I think you may be missing a big point: Ground and Express aren't 2 different companies. They are 2 divisions of the same company. There's only one stock(although there may be preferred stock, etc.), and that stock is for the Federal Express Corporation. If Ground pays Express it all ends up on the corporate balance sheet. But the upshot is FedEx deletes costly regular employees. You say Ground won't deliver Express type service without Express style pay. But Express is doing everything possible to hold our pay down. There's not that much difference in pay between Ground drivers and many mid-range Express couriers. I think SO service will stay with Express, but as Mr FedEx pointed out wouldn't require much to move 2 day freight from Express to Ground terminals. If the freight isn't due until the next day you wouldn't have to have drivers waiting for it to arrive. If Express was strictly an overnight service they could keep FTer's to 35 hrs a week, might even call FT 32 hrs like Walmart does. Think of the OT cost savings. One more thing, that cash balance retirement plan would require less funding if they hold our hours down. Many reasons to consider restructuring, and all it takes is a compliant gov't helping us to "save" our vital overnight delivery in this troubled economy to make it happen with any possible regulatory matters.</p></blockquote><p></p>
[QUOTE="vantexan, post: 784569, member: 24302"] I think you may be missing a big point: Ground and Express aren't 2 different companies. They are 2 divisions of the same company. There's only one stock(although there may be preferred stock, etc.), and that stock is for the Federal Express Corporation. If Ground pays Express it all ends up on the corporate balance sheet. But the upshot is FedEx deletes costly regular employees. You say Ground won't deliver Express type service without Express style pay. But Express is doing everything possible to hold our pay down. There's not that much difference in pay between Ground drivers and many mid-range Express couriers. I think SO service will stay with Express, but as Mr FedEx pointed out wouldn't require much to move 2 day freight from Express to Ground terminals. If the freight isn't due until the next day you wouldn't have to have drivers waiting for it to arrive. If Express was strictly an overnight service they could keep FTer's to 35 hrs a week, might even call FT 32 hrs like Walmart does. Think of the OT cost savings. One more thing, that cash balance retirement plan would require less funding if they hold our hours down. Many reasons to consider restructuring, and all it takes is a compliant gov't helping us to "save" our vital overnight delivery in this troubled economy to make it happen with any possible regulatory matters. [/QUOTE]
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