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Who Is Serious About Unionizing?
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<blockquote data-quote="Ricochet1a" data-source="post: 1165034" data-attributes="member: 22880"><p>To depress the hourlies even more...</p><p></p><p>This is a couple of weeks old, but pertinent.</p><p></p><p><a href="http://www.bloomberg.com/news/2013-06-19/fedex-fourth-quarter-profit-tops-analysts-estimates-on-freight.html" target="_blank">FedEx Sees 2014 Profit Gain Up to 13% Amid Cutting Costs - Bloomberg</a></p><p></p><p>An excerpt...</p><p><span style="font-family: 'Arial'"><em>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 <u>as customers move away from expensive overnight shipments.</u></em></span></p><p><span style="font-family: 'Arial'"><u><em>“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.”</em></u></span></p><p><span style="font-family: 'Arial'"><u><em></em></u></span></p><p><span style="font-family: 'Arial'">What other network does Express have to "put packages into" and move it????</span></p><p><span style="font-family: 'Arial'"></span></p><p><span style="font-family: 'Arial'">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.</span></p><p><span style="font-family: 'Arial'"></span></p><p><span style="font-family: 'Arial'"></span></p><p><span style="font-family: 'Arial'"></span></p><p><span style="font-family: 'Arial'"></span></p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1165034, member: 22880"] To depress the hourlies even more... This is a couple of weeks old, but pertinent. [url=http://www.bloomberg.com/news/2013-06-19/fedex-fourth-quarter-profit-tops-analysts-estimates-on-freight.html]FedEx Sees 2014 Profit Gain Up to 13% Amid Cutting Costs - Bloomberg[/url] An excerpt... [FONT=Arial][I]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 [U]as customers move away from expensive overnight shipments.[/U][/I][/FONT] [FONT=Arial][U][I]“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.” [/I][/U][/FONT] [FONT=Arial]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. [/FONT] [FONT=Arial] [/FONT] [/QUOTE]
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