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FedEx Discussions
1.8% profit last quarter at express.
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<blockquote data-quote="MrFedEx" data-source="post: 1116566" data-attributes="member: 12508"><p>Management has been the undoing of Express much more than "market forces" or a flat overnight segment. Ground is Fred's Golden Goose right now, but what makes you think they can't mismanage Ground too? Express used to be a major profit generator, long before they started to micromanage it into the absolute mess it is today.</p><p></p><p>There is exactly one reason Ground is successful, and that is ultra-low labor costs. That's it. Take away your underpaid box monkeys and what do you have...nothing. Let's see how successful Ground is if and when labor costs rise.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1116566, member: 12508"] Management has been the undoing of Express much more than "market forces" or a flat overnight segment. Ground is Fred's Golden Goose right now, but what makes you think they can't mismanage Ground too? Express used to be a major profit generator, long before they started to micromanage it into the absolute mess it is today. There is exactly one reason Ground is successful, and that is ultra-low labor costs. That's it. Take away your underpaid box monkeys and what do you have...nothing. Let's see how successful Ground is if and when labor costs rise. [/QUOTE]
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1.8% profit last quarter at express.
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