First, that’s kinda huge.
Second, really? That’s it? I heard the CAO from Ground recently left. There’s something foul afoot.
FedEx stock is crashing and burning. What do you think the future will be?
- Thread starter fedx
- Start date
Second, really? That’s it? I heard the CAO from Ground recently left. There’s something foul afoot.
MAKAVELI
Well-Known Member
Fred's Myth
Nonhyphenated American
Fedex is on the way out because they suck.
Here's an example of two deliveries, one was scheduled for friday and required a signature. I received an email on Thursday telling me it would be delivered Friday by the end of the day. So now I'm a prisoner for 12 hours.
I checked the tracking; no updates, no delivery time estimates. The delivery never came. No email, no call.
I figured they held it since the other package was scheduled for today.
This morning a new email telling me the signature package was on its way.
It showed up late afternoon. The other package was a no show, again no email or call. This is the third time packages don't show up. Last time it was 4 days after the original delivery date.
Here's an example of two deliveries, one was scheduled for friday and required a signature. I received an email on Thursday telling me it would be delivered Friday by the end of the day. So now I'm a prisoner for 12 hours.
I checked the tracking; no updates, no delivery time estimates. The delivery never came. No email, no call.
I figured they held it since the other package was scheduled for today.
This morning a new email telling me the signature package was on its way.
It showed up late afternoon. The other package was a no show, again no email or call. This is the third time packages don't show up. Last time it was 4 days after the original delivery date.
burrheadd
KING Of GIFS
MrFedEx
Engorged Member
By FedEx standards, you received excellent service sir! it's probably at the courier's home if it's something valuable.
dezguy
Well-Known Member
Yawn
Fred's Myth
Nonhyphenated American
You poor, poor victim, you.
59 Dano
I just want to make friends!
I dunno. MF thinks highly of him, so he was probably an idiot.
59 Dano
I just want to make friends!
Someone really needs to forward this months Frontline video to you. It's aing joke.
Well duh. Part of it was filmed in Oakland. What do you expect?
Fred's Myth
Nonhyphenated American
Guilty dog barks first.
MAKAVELI
Well-Known Member
The only one who is choking is FedEx.
MrFedEx
Engorged Member
I'm no longer at FedEx, so I guess the uninformed dog barks first.
MrFedEx
Engorged Member
Dave left when the stock was up, and Express was "apparently" doing well. I suspect he knew the real story and headed for the exit.
One of the best senior managers I ever had. I saw him once in a Memphis restaurant a few years later and we sat and chatted for a few minutes and caught up. Very decent fellow. Smart, and political enough to work the system his way. He specialized in fixing bad locations, and that's how he made his name and got on Fred's radar.
I don't know if he eventually sold his soul to Fredward.
Ken May. Another outstanding individual, tossed under the bus with Kinko's/Office. "Here's a flaming tanker fire, Ken. We'd like you to put it out with a squirt gun filled with kerosene".
59 Dano
I just want to make friends!
I bet Dave was one of those guys begging you to go into management, wasn't he?
You'd suspect wrong.
Cactus
Just telling it like it is
OK then, give us the real reason. I bet you can’t.
Fred's Myth
Nonhyphenated American
Well it seems the chickens have come home to roost.
https://www.buzzfeednews.com/articl...ce-to-build-a-fast-delivery-network-the-human
https://www.buzzfeednews.com/articl...ce-to-build-a-fast-delivery-network-the-human
it's all going to come to a showdown between the industry and Congress. Somebody at the federal is going to take action designed to restore safety and order if the industry doesn't get it back under control themselves.
MrFedEx
Engorged Member
Tell us why Dave left. Health issues, poor performance, lack of subordination to Fred? Dave left when the stock was much higher, and maybe on his own terms...I don't know.
But you just told us you did know. So, spill it, Mr. Genius.
Truth is, you don't know squat.
fedx
Extra Large Package
I see now stock analysts are starting to say FedEx should be sold. Saw an article last week and now this. Last week some analysts said either Walmart or Shopify should buy/merge with FedEx. This article says Warren Buffet or Walmart should buy FedEx. Either way, there is now outside pressure from Wall Street starting to float the idea that FedEx should be sold now.
I've asked this before and still am perplexed how UPS can pay their drivers $30-$40 per hour, free healthcare at $0 cost, pension, etc. and they are doing fantastic while FedEx pays their drivers (on average) below $20/hr and contract their Ground delivery out so they don't have to pay any benefits and yet FedEx is a sinking ship. It should be the opposite based on their business models.
Warren Buffett or Walmart should spend billions to buy FedEx: top strategists
I've asked this before and still am perplexed how UPS can pay their drivers $30-$40 per hour, free healthcare at $0 cost, pension, etc. and they are doing fantastic while FedEx pays their drivers (on average) below $20/hr and contract their Ground delivery out so they don't have to pay any benefits and yet FedEx is a sinking ship. It should be the opposite based on their business models.
Warren Buffett or Walmart should spend billions to buy FedEx: top strategists
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