ALL UPSers should prepare for cost cutting?

[Over70irregs]

FedEx CEO says he expects the economy to enter a ‘worldwide recession’

The CEO's pessimism came after FedEx missed estimates on revenue and earnings in its first quarter.

www.cnbc.com

 

[eats packages]

This is old news, i don't know why it appears as updated.

What costs can they cut? As drivers we literally earn fistfuls of cash from most every measure they try to adopt. In my mind cost cutting equals competent preloaders and dispatchers. A recession could be as much a feast of overtime as it is now.

 

[Operational needs]

FedEx missed estimates on revenue and earnings because the new CEO is running the company into the ground by making major, major missteps. It has nothing to do with the economy. He’s FOS.

 

[PT Car Washer]

This is old news, i don't know why it appears as updated.

What costs can they cut? As drivers we literally earn fistfuls of cash from most every measure they try to adopt. In my mind cost cutting equals competent preloaders and dispatchers. A recession could be as much a feast of overtime as it is now.

UPS and UPS Union members always make bank during a recession with all of the supposedly cost cutting. Especially a recession with 3% unemployment.

 

[Over70irregs]

A lot of expansion was predicated with loose monetary policy. The bankruptcies, car loan defaults and credit delinquencies have not had their full say yet. Give it 6-12 months. It’s going to be desperate out there. Be safe.

 

[HavenoEDD]

FedEx has a thing of saying this almost every year…various reasons as to why. Do a Google search.
Union folks can get their hours if things go south but the on-road, OMS and management should be nervous as cost cutting Tome gets to work to keep the shareholders happy.

 

[DELACROIX]

UPS and UPS Union members always make bank during a recession with all of the supposedly cost cutting. Especially a recession with 3% unemployment.

Kind of funny how recessions for the most part only happens around our Contract year.

 

[Over70irregs]

Kind of funny how recessions for the most part only happens around our Contract year.

FUD. Fear Uncertainty Doubt

 

[TearsInRain]

Kind of funny how recessions for the most part only happens around our Contract year.

the world doesn't revolve around you, it revolves around the Fed

 

[DELACROIX]

Didn’t point fingers..

 

[Over70irregs]

Use the finger to poke them in the eye