FedEx May Cut Jobs, Add Fewer Stores and Park Planes

[waveflyer]

No- it's the contract- i have no doubt fdx would have furloughed by now if the contract didn't mitigate it. give credit where it's due.

 

[jmreii]

I don't think I've ever seen an airline live up to that.

Fredex and UPS are logistic companies that involve transportation, shipping, and short term storage. They are not airlines. They could just as easily buy railroad cars and do the same thing. They are able to remake themselves where no true airline could ever venture.

 

[whymeworry?]

Didn't PokeMyHole say she was going to shoot for FedEx since CAL turned her down? What ever will she do now?

 

[propjob27]

No- it's the contract- i have no doubt fdx would have furloughed by now if the contract didn't mitigate it. give credit where it's due.

There is also the factor that any furlough would virtually empty the HKG FO slot, which is not completely filled in the first place!

Thank god for our terrible FDA LOA!

 

[Sedona16]

DATE:12/22/08
SOURCE:Air Transport Intelligence
FedEx defers delivery of 777 freighters

FedEx is deferring delivery of its first Boeing 777 Freighters by up to 17 months, resulting in the postponement of $275 million in commitments from 2009 into the future.

The cargo operator's November 2006 order for the 777F was a blow to Boeing rival Airbus after FedEx cancelled its order for 10 A380s due to programme delays.

FedEx still has 15 777F aircraft on order, but deliveries of four aircraft originally scheduled for next year have been rescheduled to 2010. Ten aircraft are scheduled for delivery in 2011 followed by the final delivery in 2012.

Boeing on 14 November announced a three month delay of the 777F first delivery to Air France, citing the two month strike by its machinists.

Two aircraft are scheduled to complete flight tests this month.

 

[SFR]

Why would they do that?

 

[rajflyboy]

Why would they do that?

Simple

Its Called "SHORT TERM PROFITS"

In the end... just another company that doesn't give a dam about its employee's.

 

[~~~^~~~]

Thanks Bush and all you red necks who supported him.

No kidding and I worked for Newt during my undergrad.

At least kids will have a recent name amongst Fillmore and Harding to study at the bottom of the list.http://en.wikipedia.org/wiki/Millard_Fillmore

 

[Speedtape]

Fredex and UPS are logistic companies that involve transportation, shipping, and short term storage.
Brilliant! Passenger "Airlines" are also logistic companies that involve transportation, shipping, and short term storage. Passenger "Airlines" like Cargo "Airlines" provide a service as their product. Both type "Airlines" serve customers that have either "time sensitive" or "price sensitive" needs, and sometimes a combination of both. Although there are many differences in these type "Airlines," there are more similarities.

They are not airlines.
That depends on the definition of "airlines." What is "is"? They are not a "passenger" airline. However, they fly airplanes through hubs on a schedule under 121 rules. And, more importanly, they can pack alot more revenue in the same volume of space that a passenger occupies at a "passenger" airline.

They could just as easily buy railroad cars and do the same thing. They are able to remake themselves where no true airline could ever venture.

They could also use blimps, which FedX explored once, and electronic transmissions (ZAPMAIL). However, FedX's core business was built using Airplanes that operated in an "Airline" type operation. Like an Airline, it was and still is a "Service" business. The "high-yield" service, an "Airline" term, was carriage of Overnight Letters, payrolls, and later, Just-In-Time inventories for "Time-Sensitive" Customers. This initial and still major part of FEDEX poducts/services can only be accomplished utilizing "Airplanes!" Railroad cars would not work across time zones over night.


Because of progressive Managements, both of these companies are able to not only remake but evolve utilizing technology and tools. An airplane is one of the tools they use, and to date, for certain products/services, there is no replacement and want be one soon--certainly not a railroad car! FedX and UPS, the airplane part, are much more like an "Airline" than a Railroad!

 

[contrail67]

FedEx actually charges a premium for a superior product -- neither concept is part of the WN business plan. When FedEx starts coming into places with predatory pricing and destroying other companies you'll have a point. Until then you don't.

PIPE

I don't think that FedEX makes their pilot applicants buy/get their type rating in order to get hired either.

 

[rajflyboy]

I don't think that FedEX makes their pilot applicants buy/get their type rating in order to get hired either.

Good Point !!

 

[jmreii]

They could also use blimps, which FedX explored once, and electronic transmissions (ZAPMAIL). However, FedX's core business was built using Airplanes that operated in an "Airline" type operation. Like an Airline, it was and still is a "Service" business. The "high-yield" service, an "Airline" term, was carriage of Overnight Letters, payrolls, and later, Just-In-Time inventories for "Time-Sensitive" Customers. This initial and still major part of FEDEX poducts/services can only be accomplished utilizing "Airplanes!" Railroad cars would not work across time zones over night.


Because of progressive Managements, both of these companies are able to not only remake but evolve utilizing technology and tools. An airplane is one of the tools they use, and to date, for certain products/services, there is no replacement and want be one soon--certainly not a railroad car! FedX and UPS, the airplane part, are much more like an "Airline" than a Railroad!

Whatever the case is, they are here to make money and nothing else. That makes assets, people, resources expendable if it gets in the way of making money.

 

[waveflyer]

contrail/raj- stfu, it's boring.

 

[Speedtape]

Whatever the case is, they are here to make money and nothing else. That makes assets, people, resources expendable if it gets in the way of making money.

Thanks for the lesson in Capitalism 101.

FedEx has always tightened down the ship in downturns. Cost Control becomes even more important when revenue becomes threatened.

On another note, I know of no other Company that has taken as good of care of their people since inception. Case in point, when Flying Tigers was purchased, they could have hacked and whacked many jobs. Instead, everyone was offered employment if they were willing to relocate. For a while, there was overstaffing, but over time, normal attrition and then growth brought balance back to staffing.

Belt tightening, although sometimes necessary, is also a symbolic gesture that builds Investor confidence in a downturn. By belt tightening, the market value of stock can be protected to some degree, preventing a sell-off because a lack of confidence in Corporate financial discipline. The CEO's mission is to build/protect stock value, which increases net worth over time. Cost Control discipline and intiatives are critical when Investors get jittery.

 

[El Pobre]

So are we talking more pilots out on the street? And the hits just keep on coming. Thanks Bush and all you red necks who supported him.

Yeah, also be sure to thank Prater and all of the other mustached idiots who pushed for this Age 65 regulation. It has definately affected most FEDEX pilots with stagnation and very possibly furlough...Well as long as they have theirs....

The chickens have come home to roost....

Remember Prater's statement...."Takin' it back (from the next generation).

 

[Browntothebone]

Actually, people are still sending boxes, and lots of them. The problem is that they are not paying the price to send them by NDA. Instead, they are paying lower prices to send em on the ground by truck.

What's NDA?

 

[mule]

NDA = Next Day Air

 

[jmreii]

Thanks for the lesson in Capitalism 101.

FedEx has always tightened down the ship in downturns. Cost Control becomes even more important when revenue becomes threatened.

On another note, I know of no other Company that has taken as good of care of their people since inception. Case in point, when Flying Tigers was purchased, they could have hacked and whacked many jobs. Instead, everyone was offered employment if they were willing to relocate. For a while, there was overstaffing, but over time, normal attrition and then growth brought balance back to staffing.

Belt tightening, although sometimes necessary, is also a symbolic gesture that builds Investor confidence in a downturn. By belt tightening, the market value of stock can be protected to some degree, preventing a sell-off because a lack of confidence in Corporate financial discipline. The CEO's mission is to build/protect stock value, which increases net worth over time. Cost Control discipline and intiatives are critical when Investors get jittery.

All of your points are valid and factual. I do believe Fredex will do whatever it can to preserve jobs without unnecessary losses. When Tigers was acquired that was a completely different era and I doubt very seriously you will see another acquisition at Fredex that comes with a union.
At this point in time Fredex is wrestling in court with Uncle Sam about and how it is using contractors. Inquiring minds want to know.
Freddie's plate is pretty full right now. Peace!

 

[rajflyboy]

contrail/raj- stfu, it's boring.

Not as Boring as flying a 40 year old BOX at 3AM