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Anyone catch this little tidbit in the earnings release.
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<blockquote data-quote="xfdxgroundmgmt" data-source="post: 954146" data-attributes="member: 39079"><p>I am not going to say that the Express side has not felt the penny pinching, of said corporation but the Ground side was the low cost provider for a long time, however since the Ground service has gotten better than said brown competitor, and in some cases better than said Express you see what is happening, Ground still runs like the low cost provider that they were for years, although doesn't have to cut off a foot to get packages in the system and now make more $$$$$$ look @ operating income. I am sure what Mr. Fedex is gonna say ( BLAH BLAH BLAH ) but case and point Fred only cares about the bottom line and Ground is got a better one.</p><p><strong><u>FedEx Express Segment</u></strong></p><p>For the third quarter, the FedEx Express segment reported:</p><p></p><ul> <li data-xf-list-type="ul">Revenue of $6.54 billion, up 8% from last year's $6.05 billion</li> <li data-xf-list-type="ul">Operating income of $349 million, up 96% from $178 million a year ago</li> <li data-xf-list-type="ul">Operating margin of 5.3%, up from 2.9% the previous year</li> </ul><p><strong><u>FedEx Ground Segment</u></strong></p><p>For the third quarter, the FedEx Ground segment reported:</p><p></p><ul> <li data-xf-list-type="ul">Revenue of $2.48 billion, up 14% from last year's $2.18 billion</li> <li data-xf-list-type="ul">Operating income of $465 million, up 43% from $325 million a year ago</li> <li data-xf-list-type="ul">Operating margin of 18.8%, up from 14.9% the previous year</li> </ul></blockquote><p></p>
[QUOTE="xfdxgroundmgmt, post: 954146, member: 39079"] I am not going to say that the Express side has not felt the penny pinching, of said corporation but the Ground side was the low cost provider for a long time, however since the Ground service has gotten better than said brown competitor, and in some cases better than said Express you see what is happening, Ground still runs like the low cost provider that they were for years, although doesn't have to cut off a foot to get packages in the system and now make more $$$$$$ look @ operating income. I am sure what Mr. Fedex is gonna say ( BLAH BLAH BLAH ) but case and point Fred only cares about the bottom line and Ground is got a better one. [B][U]FedEx Express Segment[/U][/B] For the third quarter, the FedEx Express segment reported: [LIST] [*]Revenue of $6.54 billion, up 8% from last year's $6.05 billion [*]Operating income of $349 million, up 96% from $178 million a year ago [*]Operating margin of 5.3%, up from 2.9% the previous year [/LIST] [B][U]FedEx Ground Segment[/U][/B] For the third quarter, the FedEx Ground segment reported: [LIST] [*]Revenue of $2.48 billion, up 14% from last year's $2.18 billion [*]Operating income of $465 million, up 43% from $325 million a year ago [*]Operating margin of 18.8%, up from 14.9% the previous year [/LIST] [/QUOTE]
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Anyone catch this little tidbit in the earnings release.
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