SmithBarney
Well-Known Member
Not at Fedex... much of it is a shell game, cutting from the lower ranks, to feed the upper ranks, just look at SEC filings. Executive bonuses have increased at high rates, while lower hourly wages have stagnated compared to other jobs in the same segment. Handlers and other lower wage workers are leaving for jobs that pay near the same for either the same work or easier work(ex. Amazon, or even fast food places offering nearly the same pay)pssst a little known fact: cutting expenses and cutting salaries go hand in hand. So that's why an employee or driver would be a bit nervous.
As for cutting non employee expenses, that's a thing you see plenty of in all industry, for Express it's things like extending oil change intervals +1000miles, or Skipping truck washing, Many of the "cost cutting measures" are usually short sighted, like the smaller cheaper doortags, rushed them out without field testing or courier input.