FedEx on WSJ
- Thread starter skir
- Start date
Leftinbuilding
Well-Known Member
Where did you hear this?
pretzel_man
Well-Known Member
I don't know about the WSJ, but FedEx is having cash flow problems. Look at the changes they made. They all improve their cash flow position.
The big thing for FedEx will be whether their ground drivers are categorized as employees or contractors. If they are made employees, the additional cost will GREATLY impact their profitability.
They would then have to raise rates and no longer be able to win contracts based on price.
Right now FedEx is winning about 1/2 of the DHL volume. This is more than UPS thought it would be.
P-Man
stevetheupsguy
sʇǝʌǝʇɥǝndsƃnʎ
Okay, I'll bite, what's WSJ. Thought they were taking over a radio station.
W
westsideworma
Guest
stevetheupsguy
sʇǝʌǝʇɥǝndsƃnʎ
We'd see a good increase of volume if they raise their rates
rod
Retired 22 years
29th Christmas
Well-Known Member
FDN-----the Feeder Driver Network
Some of those boyz need to get more sleep---the stories they come up with.
Some of those boyz need to get more sleep---the stories they come up with.
Maybe YRC trucking not Fedex.
UnconTROLLed
perfection
If it was that significant a raise by fed-ex, UPS would raise rates accordingly.
The government would step in and bail out FDX, in that case all of the transportation companys will want a piece of that action including UPS.
IDK, wed have no reason to beyond well they did too....forever weve charged more because our service is better because we compensate our employees better which are labor costs.....im not saying we shouldnt be paid more but we could undercut fedex for once and still keep our standard of service.
MrFedEx
Engorged Member
It sounds like an erroneous rumor. I have not seen or heard of a WSJ article along these lines, and it's not in the FedEx grapevine either. FedEx is still profitable, but they are making substantial cuts, with the exception of the big shots in Memphis, who still make some serious coin, but took token reductions to make the package monkeys like me feel their "pain".
As of today, all coffee and bottled water services are to be eliminated at all locations, nobody is supposed to go over 40 hrs, uniform purchase accounts have been frozen, and on and on.
FedEx Freight just laid-off 900 people, and Express is closing 4 undisclosed (so far) Call Centers. Supposedly, nobody is being laid-off, and the agents will work from home via an uplink. Another major announcement is on the way February 12th, which may mean layoffs, or it might just be the official confirmation that the Call Centers are closing.
We just lost LL Bean, so I'm assuming it went to UPS and not the USPS, but I have not heard any official word on that either.
Bad times, and getting worse, but we're not going bankrupt...yet.
As of today, all coffee and bottled water services are to be eliminated at all locations, nobody is supposed to go over 40 hrs, uniform purchase accounts have been frozen, and on and on.
FedEx Freight just laid-off 900 people, and Express is closing 4 undisclosed (so far) Call Centers. Supposedly, nobody is being laid-off, and the agents will work from home via an uplink. Another major announcement is on the way February 12th, which may mean layoffs, or it might just be the official confirmation that the Call Centers are closing.
We just lost LL Bean, so I'm assuming it went to UPS and not the USPS, but I have not heard any official word on that either.
Bad times, and getting worse, but we're not going bankrupt...yet.
UPSNewbie
Well-Known Member
If true, that could come out to be a win. Though, being cooped up all day might get boring.
rod
Retired 22 years
How come one company won't let their employees go over 40 hours and the other companies solution is 10 to 12 hour days. One of them has to be wrong
