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FedEx has just released its fiscal Q4 financial
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<blockquote data-quote="MrFedEx" data-source="post: 1156271" data-attributes="member: 12508"><p>DRA is clearly flawed, and at least per R1a, they are refusing to acknowledge this, preferring to blame us instead. If you read the release further, the Express adjusted operating margin actually rose from 6.1% to 6.6%, so they are slowly headed toward that 10% figure. I also noticed the line "near-term challenges" which I suspect is a veiled response to operational issues, which are again, of course, our fault...not theirs. Never mind that they are throwing a lot of money at the problem, which does include rental vehicles in many locations in addition to all the new PT hires.</p><p></p><p>They also confirm that the buyout has been completed, so those who have deluded themselves into thinking they might actually receive one...think again. This also removes any further excuse factor for financial non-performance in the Express opco.The "open season" on couriers synchs nicely with R1a's hypothesis that career couriers are their real problem, and now that the 2 big "adjustments" are over, I would expect a re-doubling of the efforts to shed long-term employees. </p><p></p><p>Sorry bbsam, but Ground and HD drivers can afford to wander through the day at a pace that isn't acceptable at Express. And maybe that's where the disconnect lies for Express management. They see it working at Ground, and then wonder why it isn't working at Express. Yes, drivers from both companies deliver the exact same stops, but they do NOT have the same operational windows, time constraints, and hard deadlines as Express. This is like comparing a Taliban human-powered "mortar" with the real thing operated by the US military. Same objective, but very different means of achieving it.</p><p></p><p>Whatever the case, I'm going to do everything I can to slow-down and cost Fred some money. WAD is only one part of the equation. Until we have a union, they are free to pick us off with whatever underhanded and semi-legal tactic(s) they choose. Sure wish that everyone had realized what they were doing a couple of years ago when we were trying to warn you. Sign a card, and spread the word.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1156271, member: 12508"] DRA is clearly flawed, and at least per R1a, they are refusing to acknowledge this, preferring to blame us instead. If you read the release further, the Express adjusted operating margin actually rose from 6.1% to 6.6%, so they are slowly headed toward that 10% figure. I also noticed the line "near-term challenges" which I suspect is a veiled response to operational issues, which are again, of course, our fault...not theirs. Never mind that they are throwing a lot of money at the problem, which does include rental vehicles in many locations in addition to all the new PT hires. They also confirm that the buyout has been completed, so those who have deluded themselves into thinking they might actually receive one...think again. This also removes any further excuse factor for financial non-performance in the Express opco.The "open season" on couriers synchs nicely with R1a's hypothesis that career couriers are their real problem, and now that the 2 big "adjustments" are over, I would expect a re-doubling of the efforts to shed long-term employees. Sorry bbsam, but Ground and HD drivers can afford to wander through the day at a pace that isn't acceptable at Express. And maybe that's where the disconnect lies for Express management. They see it working at Ground, and then wonder why it isn't working at Express. Yes, drivers from both companies deliver the exact same stops, but they do NOT have the same operational windows, time constraints, and hard deadlines as Express. This is like comparing a Taliban human-powered "mortar" with the real thing operated by the US military. Same objective, but very different means of achieving it. Whatever the case, I'm going to do everything I can to slow-down and cost Fred some money. WAD is only one part of the equation. Until we have a union, they are free to pick us off with whatever underhanded and semi-legal tactic(s) they choose. Sure wish that everyone had realized what they were doing a couple of years ago when we were trying to warn you. Sign a card, and spread the word. [/QUOTE]
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FedEx has just released its fiscal Q4 financial
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