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Fourth quarter earnings released
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<blockquote data-quote="bacha29" data-source="post: 3422074" data-attributes="member: 58386"><p>Freight contributed 55 million in net operating income during Q3 and a net operating margin of around 9% which was about the same as Express. The thing to remember is that the cost of operateing Fedex Trade Networks is being charged to Express even though Ground and Freight use it. Ground's revenue and operating income was up 23% this past quarter. It's net operating margin was 12.1% and will jump to 17.5% in Q4. Any Ground contractor who read the results would be outraged. 54 million peak season packages arrived a day <strong>early</strong>. Henry Maier who now runs Ground while bragging about the units exceptional performance never even acknowledged the bare existence of the Ground contractors.All the credit went to managers, executives staffing and training.Further proof of the fact that the grunt in the truck who gets that box where the it has to go regardless of weather accessibility and other factors time in the corporate mind's eye means nothing. Put in your remaining time OF pack it in and be done with it.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3422074, member: 58386"] Freight contributed 55 million in net operating income during Q3 and a net operating margin of around 9% which was about the same as Express. The thing to remember is that the cost of operateing Fedex Trade Networks is being charged to Express even though Ground and Freight use it. Ground's revenue and operating income was up 23% this past quarter. It's net operating margin was 12.1% and will jump to 17.5% in Q4. Any Ground contractor who read the results would be outraged. 54 million peak season packages arrived a day [B]early[/B]. Henry Maier who now runs Ground while bragging about the units exceptional performance never even acknowledged the bare existence of the Ground contractors.All the credit went to managers, executives staffing and training.Further proof of the fact that the grunt in the truck who gets that box where the it has to go regardless of weather accessibility and other factors time in the corporate mind's eye means nothing. Put in your remaining time OF pack it in and be done with it. [/QUOTE]
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