And that makes perfect sense. Without a union negotiated contract, Express is subject to market prices and for the past 30 years wages have flat-lined for the majority of American wage earners.
But profits haven't flat-lined for FedEx, have they? The "market prices" line sounds like something from FOX News, and has little to do with the wages we are paid.
The RLA dictates what we are paid, not the market. This handy little piece of legislation is actually a union prevention device (at least at FedEx) and is Kryptonite to any attempt to organize. Please tell me what FedEx Express has to do with a
Railway Labor Act? Nothing is the correct answer, by the way. Since the RLA was enacted back in
1934, it pre-dates the "Express Carrier" marketplace by 39 years (Federal Express began in 1973). The only Express Carrier in 1934 was REA, which doesn't resemble FedEx in the least.
The RLA creates a non-market price situation for FedEx, one in which the company pays whatever it feels like, and uses this fact to increase profits even more. Please remember, for the bulk of it's God-forsaken existence, FedEx Express was an incredible profit machine, so your market prices analogy is crap.
Somwhere along the line Fred S decided to really use the RLA for all it was worth. In my mind, this happened when Mary Alice Taylor (aka The Joker) ran the Express division and declared open season on employees. This rancid bitch deserves a special closet in FedEx Hell in my humbe opinion.
So, the topout rate is going to stay ridiculously long (forever to top-out), and the takeaways are going to continue until we start doing something about it. Since the RLA isn't going away, all that can really be done is to slowdown, sitdown, and do the minimum amount possible.