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What is YOUR plan FEDEX?
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<blockquote data-quote="bacha29" data-source="post: 1971565" data-attributes="member: 58386"><p>Farming express boxes out to subcontractors would be unlikely as long as they can keep bleeding off cash from Ground to finance ongoing efforts to restructure Express and make it's margins acceptable to shareholders. Given that much of what X handles is high value stuff like payroll checks etc subing it out to contractors would from a public image perspective be embarrassing. Moreover I don't think that Freddy would want that for his baby. What you might see is a spinoff like what was done with RPS in 1995 to unlock shareholder value with a mutual service agreement. A lot would have to happen in the geopolitical climate before a G and X merger were to happen. In the meantime IC/ISP's need to prepare for even worse treatment from X by deleveraging maintaining higher liquidity and try to establish a pay and benefit package that will retain their best people. Those Q2 results end all arguements about the real reason for the existance of IC/ISP's and what they will be tasked with going forward. I sincerely hope that things will not get as bad for them as it now appears.</p></blockquote><p></p>
[QUOTE="bacha29, post: 1971565, member: 58386"] Farming express boxes out to subcontractors would be unlikely as long as they can keep bleeding off cash from Ground to finance ongoing efforts to restructure Express and make it's margins acceptable to shareholders. Given that much of what X handles is high value stuff like payroll checks etc subing it out to contractors would from a public image perspective be embarrassing. Moreover I don't think that Freddy would want that for his baby. What you might see is a spinoff like what was done with RPS in 1995 to unlock shareholder value with a mutual service agreement. A lot would have to happen in the geopolitical climate before a G and X merger were to happen. In the meantime IC/ISP's need to prepare for even worse treatment from X by deleveraging maintaining higher liquidity and try to establish a pay and benefit package that will retain their best people. Those Q2 results end all arguements about the real reason for the existance of IC/ISP's and what they will be tasked with going forward. I sincerely hope that things will not get as bad for them as it now appears. [/QUOTE]
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