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Fed Ex Media Campaign - Gloves coming off
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<blockquote data-quote="Jack_Burton" data-source="post: 548114" data-attributes="member: 7256"><p>This is false. The Express division had an Operating income of $426 million and a Revenue of $6.37 billion for FY08. The Ground division Operating income was $203 million with a Revenue of $1.72 billion. The Express division has always been the leading division of FedEx Corp. </p><p></p><p>Remember if it wasn't for their Express there wouldn't be any other FedEx divisions. Let alone the loss leaders that are the Kinko's (Office) and Freight divisions. Fred has been using the profit from the Express division to expand his empire for years. He's been able to do this off the blood and sweat of his Express division workers. Between the misclassification under the RLA and the Ground "contractors" it has allowed FedEx to gain ground market share and expand into all kinds of different endeavours.</p><p></p><p>They spend almost twice and much as UPS in yearly lobbying efforts (9 million last year). There top five all have higher salaries than the UPSs top five. The company has lots of redundant management and other pork salaried positions. Don't forget about all the sports they sponsor and are involved with. FedEx Cup, FedEx Orange Bowl, Nascar, etc...</p><p></p><p>Express drivers no longer have a pension. It would take 15+ years to top out on the current pay scale. Once topped out the average Express driver will be making $8.00 less an hour. Not to mention the increases in insurance cost, etc...</p><p></p><p>Could they afford to give them UPS pay and benefits? Probably with some trimming of the fat. I'm willing to bet Express drivers would settle for less than UPS pay and benefits, but that could possibly hurt future contract negotiations.</p><p></p><p>Should be interesting to say the least.</p></blockquote><p></p>
[QUOTE="Jack_Burton, post: 548114, member: 7256"] This is false. The Express division had an Operating income of $426 million and a Revenue of $6.37 billion for FY08. The Ground division Operating income was $203 million with a Revenue of $1.72 billion. The Express division has always been the leading division of FedEx Corp. Remember if it wasn't for their Express there wouldn't be any other FedEx divisions. Let alone the loss leaders that are the Kinko's (Office) and Freight divisions. Fred has been using the profit from the Express division to expand his empire for years. He's been able to do this off the blood and sweat of his Express division workers. Between the misclassification under the RLA and the Ground "contractors" it has allowed FedEx to gain ground market share and expand into all kinds of different endeavours. They spend almost twice and much as UPS in yearly lobbying efforts (9 million last year). There top five all have higher salaries than the UPSs top five. The company has lots of redundant management and other pork salaried positions. Don't forget about all the sports they sponsor and are involved with. FedEx Cup, FedEx Orange Bowl, Nascar, etc... Express drivers no longer have a pension. It would take 15+ years to top out on the current pay scale. Once topped out the average Express driver will be making $8.00 less an hour. Not to mention the increases in insurance cost, etc... Could they afford to give them UPS pay and benefits? Probably with some trimming of the fat. I'm willing to bet Express drivers would settle for less than UPS pay and benefits, but that could possibly hurt future contract negotiations. Should be interesting to say the least. [/QUOTE]
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