Ricochet1a
Well-Known Member
To depress the hourlies even more...
This is a couple of weeks old, but pertinent.
FedEx Sees 2014 Profit Gain Up to 13% Amid Cutting Costs - Bloomberg
An excerpt...
The company is speeding up plans to park 86 fuel-guzzling older planes and pull 308 engines from service as it slims FedEx Express, the company’s biggest unit and the one hit hardest as customers move away from expensive overnight shipments.
“They’re parking their own planes because they’re going to put packages in a cheaper network,” Kevin Sterling, an analyst at BB&T Capital Markets who rates FedEx hold, said today in an interview. “They are saying they still have plenty of stuff to move, it’s just how they move it.”
What other network does Express have to "put packages into" and move it????
They are inducing the customers to do so on their own, by giving 'side-by-side' price quotes with Ground. From what I understand, they've even instituted a 'guaranteed delivery day' option for Home. Customers pay an extra dollar and get a guarantee of day definite delivery or their shipping charges can be refunded.
This is a couple of weeks old, but pertinent.
FedEx Sees 2014 Profit Gain Up to 13% Amid Cutting Costs - Bloomberg
An excerpt...
The company is speeding up plans to park 86 fuel-guzzling older planes and pull 308 engines from service as it slims FedEx Express, the company’s biggest unit and the one hit hardest as customers move away from expensive overnight shipments.
“They’re parking their own planes because they’re going to put packages in a cheaper network,” Kevin Sterling, an analyst at BB&T Capital Markets who rates FedEx hold, said today in an interview. “They are saying they still have plenty of stuff to move, it’s just how they move it.”
What other network does Express have to "put packages into" and move it????
They are inducing the customers to do so on their own, by giving 'side-by-side' price quotes with Ground. From what I understand, they've even instituted a 'guaranteed delivery day' option for Home. Customers pay an extra dollar and get a guarantee of day definite delivery or their shipping charges can be refunded.
