FedEx May Cut Jobs, Add Fewer Stores and Park Planes

[satpak77]

Did Obama get his US Citizenship yet?

i don't know but he just got the US Presidentship

 

[sstearns2]

These are the times I wish I owned an alcohol distribution company, or maybe a few fields down in Colombia.

Just go to bartending school. A bartender at a busy club makes more than an RJ captain and works less.

Scott

 

[Max Powers]

Just because you disagree with someone politically does not mean you should resort to name calling. Remember what your boy Obama said,"we can disagree without being disagreeable".

I guess your right; using "red neck" is not very nice and is resorting to name calling. Next time I will use ignorant, uneducated, stuck in the past and not open-minded.

Since I'm not name calling anymore perhaps you will recant your "boy" reference in regard to my main "MAN" Obama.

 

[EMBPILOT1]

Funny guy. What is even funnier is all the cargo trolls rolling around on these boards the past few years since 911 convincing all the pax haulers you got it made....you and UPS are insulated from what the pax guys gotta deal with because "hey no matter what people will just keep sending boxes". I'll admit, I started to buy in to this argument to some degree. It looks like we were both wrong. Having said that, barring some unforseen circumstance I beleive box haulers will be just fine in the end. Your increased number of FE's who were over 60 combined with the age 65 legislation and parking 3 man airplanes has hurt you worse in the short term than some pax carriers purely from a pilot standpoint.

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.

 

[BoilerUP]

Nobody has mentioned FedEx had a nearly HALF BILLION dollar profit???

 

[jmreii]

Nobody has mentioned FedEx had a nearly HALF BILLION dollar profit???

That profit is for investors. Any company needs to generate revenue to continue any level of operation or cutback, maybe cease to exist.

 

[jonjuan]

That profit is for investors. Any company needs to generate revenue to continue any level of operation or cutback, maybe cease to exist.

No kidding. Profit needs to be increased year over year. The fiduciary responsibility of any CFO is to the investors.

 

[BoilerUP]

That profit is for investors. Any company needs to generate revenue to continue any level of operation or cutback, maybe cease to exist.

Yes...and empowering their $493M profit (up 3%) was $9.54B in revenue (up 1%). While I'm no economist, its obvious that cost cutting and improved efficiency is boosting profit more than revenue growth.

I sincerely hope that management is able to uphold their fiduciary responsibility to FDX shareholders while not reducing their workforce in the midst of half-billion dollar profits...

 

[rajflyboy]

Yes...and empowering their $493M profit (up 3%) was $9.54B in revenue (up 1%). While I'm no economist, its obvious that cost cutting and improved efficiency is boosting profit more than revenue growth.

I sincerely hope that management is able to uphold their fiduciary responsibility to FDX shareholders while not reducing their workforce in the midst of half-billion dollar profits...

Company's need to look past quarterly profits and look towards long term goals. Fortunately our CEO looks more long term than short term. FEDEX is making big time dough. Dont furlough people because of a measly quarterly profit statement.

 

[propjob27]

No kidding. Profit needs to be increased year over year.

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

 

[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.