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FedEx Gearing Up?

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ExAF

Well-known member
Joined
Nov 29, 2001
Posts
647
FedEx poolies have got update packages from KD asking them to update their status/records/drug test/etc. Sounds like the Purple Machine is getting ready to hire again soon! Good news for poolies.
 
And UPS is furloughing 54 pilots? I am confused..
No need to be confused. I believe FedEx reduced their BLG by a considerable amount to aviod furloughs altogether. UPS chose a different path, which at least discourages the company from excessive furloughs, and attempts to minimize the effect on those who are furloughed.

Both pilot groups showed a lot of class in how they handled these matters in such difficult times.
 
Last edited:
http://finance.yahoo.com/news/FedEx...96.html?x=0&sec=topStories&pos=5&asset=&ccode=

"FedEx Corp. indicated Thursday that the global economic recovery remains uneven. While strength in international shipments is boosting net income, FedEx is cutting 1,700 jobs in its U.S. freight business to offset losses there."

"International air shipments have driven FedEx's results for more than a year; international revenue rose 24 percent in the quarter ended Aug. 31. But while FedEx earned $380 million in the first quarter, the FedEx Freight segment lost $16 million and has been unprofitable for four straight quarters."
 

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