dailymemphian.com
Thats a understatement
The old man must be in the begining stages of dementia to allow his company to go to
this fast and hard
Greed plus a massive fear of a union has ruined this company.The old man must be in the begining stages of dementia to allow his company to go to
Could you cut and paste the full article here since its behind a pay wall? FedEx already has 700 more pilots than they need right now. So I guess this would add another 2-300 more? The 777's that were being used for the mail are now going to be flown to Europe for Tri-color. Does the article estimate what the revenue is going to be for Tri-color to be able to compare it to the loss of mail contract? The 2 Billion that FDX will be losing....over how many years? I don't believe USPS were paying 2B a year. As a matter of fact, a few years back, the USPS had to renegotiate with FDX to lower their rates halfway through the contract because they could not keep paying the agreed upon price.
FedEx will lose about $2B in business when postal contract expires
Last fall, a FedEx official told supervisory-level pilots that he expected losing the postal contract would eliminate half the company’s daytime flying hours. That meant FedEx could have 200 to 300 excess pilots by October.
How did fear of a union cause a massive loss? Did they increase wages and benefits?
Having two couriers deliver packages to the same business for years has came to fruition. They have decided to go the contractor route and pray it works. Keeping the company divided was done to keep a union out. By going the contractor model they now have the cheap labor they love and no threat of a union. It’s a win, win if they can keep the big customers.
So why not go all contractor and earn big?
This company is so stupid at the top, they blamed the contract on not being able to profit enough from it. FedEx signed the contract. And it’s Fedexs fault for not being able to adjust its own operation to turn a profit. This company should know by now you can’t rely on volume. It can’t just keep going up. It’s up and down. And this place has no idea how to operate in the down. The loss of this contract is a utter disaster for this company. And it’s such a stupid operation that it thinks it was the smart move. Express is dead. But like I said this company is the dumbest of its size and will likely pay us all for years while it rots from the inside out.
my thoughts exactly, watch ups turn a profit
They will like that
I was just stating my overall opinion of the company for the past 28 years. They are going the contractor model.
They will. It’s not the contract that’s the problem. It’s the operation. And FedEx is wanting out of the expensive airline model. They want a trucking company, with a very small airline fleet. Watch UPS fly postal at a profit for the next 50 years while this company turns into a 3rd or 4th choice trucking option for customers.
