Fred's Myth
Nonhyphenated American
Um, the shippers opted for cheaper rates and used ground, maybe?
Big announcement coming in Jan
- Thread starter snowcat66
- Start date
Let's put two and two together. Dano said Express never gave Ground freight. FedEx bought a hell of a lot of Sprinters and suddenly we get little bulk freight. Either Fred is omniscient, or our sales force sold shippers on the idea that they would save a lot of money(and make us more profitable). What could it be, oh what could it be.....
Fred's Myth
Nonhyphenated American
C'mon, Van, selling Ground rates is a false equivalency to 'giving' freight to Ground. UPS and other efficient competitors don't compete with Express for ground freight, so naturally, to take that business away, FedEx sells Ground. It doesn't take a rocket scientist to foresee that bulky packages would end up being shipped ground.
Express is no longer primarily a B2B freight company. Small packages, and time-sensitive freight, are now the focus.
Well yeah, because they "gave" Ground freight. In other words they shifted bulk freight into Ground to become more profitable. Just costs a lot more to fly it. I think we're arguing semantics.
P1 Failure
Well-Known Member
We’ve still got bulk freight at our station. We run two straight trucks in the morning and three at night. We still have 900’s,700’s,600’s and Sprinters.
And you may be in an area with companies who find it advantageous to use Express. A lot of small stations are almost all Sprinters now.
Cactus
Just telling it like it is
Sounds like you've been hanging out a lot at the local VFW learning stale jokes.
Remember, it's just a rumor. Yes, there could be a plan of succession with a seat or two on the board changing hands, but when they see how badly Ground is getting absolutely plowed under with peak season volume and contractor supplies of cheap labor completely exhausted, throwing up their hands in frustration they'll think twice about burdening it down with anything more.
If I had a dime for every rumor that surrounded that company over the years I would be at the track every single day. Whatever big moves that are made they're almost never tipped off with rumors thanks to illegal insider trading laws. About the only indication that something might be in the offing are public disclosures of huge blocks of shares being bought or sold.
More importantly of the 28 analysts on Market Watch that are following the stock only 1 recommends selling it.
If I had a dime for every rumor that surrounded that company over the years I would be at the track every single day. Whatever big moves that are made they're almost never tipped off with rumors thanks to illegal insider trading laws. About the only indication that something might be in the offing are public disclosures of huge blocks of shares being bought or sold.
More importantly of the 28 analysts on Market Watch that are following the stock only 1 recommends selling it.
59 Dano
I just want to make friends!
I want so badly to applaud you on making a post that's rational and level headed in handling rumors, but then I remember that you're the guy who makes the "HOMER FUSTERPUCK FROM EARL'S INVESTMENTS AND LIVE BAIT LLC SAYS THAT THE TRANSPORTATION STOCKS ARE A HOLD RIGHT NOW AND THERE'S LOTS OF TENSION BETWEEN THE INUIT PEOPLE IN ALASKA AND THE HILLBILLIES IN ALABAMA OVER CHICKEN GIZZRD FUTURES, SO I'D BE WORRIED IF I WERE IN YOUR SHOES" posts.
59 Dano
I just want to make friends!
If anyone knows about huge "all deferred freight will go to Ground" announcements that turn out to be huge nothings, I suppose you'd be the guy who knows most about them.
59 Dano
I just want to make friends!
You can leave The Plantation, but you'll never get all that egg off of your face.
59 Dano
I just want to make friends!
Last I checked, Express pkg counts are much higher than they were whenever we started giving away all of our freight.
59 Dano
I just want to make friends!
Didn't shift anything. Do you know how to use a calculator? Yes, you do. So does everyone else. Many of them want the cheapest rate they can get.
59 Dano
I just want to make friends!
Yes, and magically FedEx knew just when to buy all of those Sprinters.
Sure, they consolidated routes. Couriers without bulk to deliver have more time for small pkgs and letters.
In an effort to break events down to the level that even someone like you could understand, based on your comments it would appear that I have not yet succeeded and have quite a ways to go in order to get down to that level.
Don't worry child. We won't leave you behind.
McFeely
Huge Member
I would argue the purchase of Sprinters was more reactionary than foresight.
Tell that to their office of long range planning. Everything that happens was determined to be the best course long before employees see it.
