ABF | FedEx earnings...wow

6PakAbs

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Jus saw where FedEx posted the following numbers from the previous quarters..

Rev 14.7 Billion up 16.3% Operating income 1.26 billion Net Income 7.15 million up 32%

EPS 16,6 Million at 2.90 per share

I wonder what Judy and her staff think of this?
 
Jus saw where FedEx posted the following numbers from the previous quarters..

Rev 14.7 Billion up 16.3% Operating income 1.26 billion Net Income 7.15 million up 32%

EPS 16,6 Million at 2.90 per share

I wonder what Judy and her staff think of this?
She is thinking great. The more ABF can show a loss the more she can demand @ contract time. If she demands a lot of concessions & the IBT or voting rank & file refuse to give in, the door opens for closing the freight division & increasing Panther & all the other companies they bought. And the biggest gift corporate receives, is no more Pension Fund Payments. Game over.
 
Then it's a given........ They're plotting to go out.......and blame the "greedy" rank-and-file........

It's just a race now, to see how many assets they can acquire to offset ABF'S 67% share of ArchBest before contract time......

Actually, Brother Von,..........I really don't think they want to kill the golden goose...........

The real indicator that they are ready to put a stake in the heart of this company is if you would see some top executives jump to other companies prior to contract talks. That includes our " poorly underpaid ' CEO . Rats always leave a sinking ship.......... even if they are responsible for gnawing the hole in the bottom that'll sink it.

Remember that next time they talk about company loyalty........Ask them if our competitors offered our CEO a better compensation package if she should leave.............And yet they have the gall to moan about guys leaving for better paying jobs with vacation in the first year........

Oops! I forgot.......You don't need a HAZ-MAT license to be a CEO..........
 
She is thinking great. The more ABF can show a loss the more she can demand @ contract time. If she demands a lot of concessions & the IBT or voting rank & file refuse to give in, the door opens for closing the freight division & increasing Panther & all the other companies they bought. And the biggest gift corporate receives, is no more Pension Fund Payments. Game over.
I won't vote to give them a damn thing. If that means closing the doors then so be it. Keep on giving they will keep wanting more. Voting no bottom line and voting to get Hoffa out
 
As negative as we all like to be and we can all agree they do play games. It is not in their games to just shut the doors at ABF Freight and continue ARCBEST. ABF Freight is responsible for the majority of the revenue if it goes so does the entire ship. the rest of the entities go too. To sink the company or sell, benefits no one. To make it more profitable yes, shutting or selling no. Making health and welfare/pension obligation less of a burden to ABF will be on the table and is the big difference between ABF and all other carriers, union and Non.. YRC began the transformation and members allowed this along with Hoffa.. ABF of course will cease the opp when allowed to. ABF strategy was to hire YRC workers who voted for concessions and needed time to retire knowing they would vote to pass a concessionary contract for 2018. ( the vote was close last time, guys needing short time wont hesitate to get one passed)
 
As negative as we all like to be and we can all agree they do play games. It is not in their games to just shut the doors at ABF Freight and continue ARCBEST. ABF Freight is responsible for the majority of the revenue if it goes so does the entire ship. the rest of the entities go too. To sink the company or sell, benefits no one. To make it more profitable yes, shutting or selling no. Making health and welfare/pension obligation less of a burden to ABF will be on the table and is the big difference between ABF and all other carriers, union and Non.. YRC began the transformation and members allowed this along with Hoffa.. ABF of course will cease the opp when allowed to. ABF strategy was to hire YRC workers who voted for concessions and needed time to retire knowing they would vote to pass a concessionary contract for 2018. ( the vote was close last time, guys needing short time wont hesitate to get one passed)
Now there's a man who sees clearly what is going on.
 
As negative as we all like to be and we can all agree they do play games. It is not in their games to just shut the doors at ABF Freight and continue ARCBEST. ABF Freight is responsible for the majority of the revenue if it goes so does the entire ship. the rest of the entities go too. To sink the company or sell, benefits no one. To make it more profitable yes, shutting or selling no. Making health and welfare/pension obligation less of a burden to ABF will be on the table and is the big difference between ABF and all other carriers, union and Non.. YRC began the transformation and members allowed this along with Hoffa.. ABF of course will cease the opp when allowed to. ABF strategy was to hire YRC workers who voted for concessions and needed time to retire knowing they would vote to pass a concessionary contract for 2018. ( the vote was close last time, guys needing short time wont hesitate to get one passed)
I agree that as of today they won't just shut down ABF. However, I am of the opinion that they are positioning themselves to spin ABF off as a stand alone company with many of the assets (read old tractors and trailers) and all of the debt (including the impossibly high withdrawal liability for the retirement funds). If they are able to get this done by the end of the year in 2017, ABF will be an expensive empty husk of a company that will not be around long. Don't forget that they have already moved the Upack revenue away from us and they are building their "non asset based" services at a furious pace as if there is a goal that they see in the near future. I hope you are right and I am wrong, but only time will tell.
 
I agree that as of today they won't just shut down ABF. However, I am of the opinion that they are positioning themselves to spin ABF off as a stand alone company with many of the assets (read old tractors and trailers) and all of the debt (including the impossibly high withdrawal liability for the retirement funds). If they are able to get this done by the end of the year in 2017, ABF will be an expensive empty husk of a company that will not be around long. Don't forget that they have already moved the Upack revenue away from us and they are building their "non asset based" services at a furious pace as if there is a goal that they see in the near future. I hope you are right and I am wrong, but only time will tell.

You nailed it. And what is the largest thing ABF will gain by removing money from freight to other entities they own? Removal of the CS Pension Fund liability. Game over. Mission accomplished. Do not ever forget, in a bankruptcy proceeding, pension fund obligations is ALWAYS a dischargeable debit.
 
it still accomplishes nothing by making ABF a stand alone.. then ABF cant make ARCBEST look or be as great as it is.. it cant then funnel ABF money around, it cant then pay JUDY.. It can only begin the old CF CNF game which took many many years to go under.. they are trying to do this in a sense but cant now.. ABF Freight created this Giant, you cant simply eliminate it. The only way to do this is to Fail or sell to which there is a contract obligation to us until it runs out. ABF feeds ARCBEST and all entities, without it, it dies. its better without so much financial liability towards you and me.. that's the game.. it wont die, don't live in fear.. but don't give in... Hoffa has done both.. Fred Zuckerman has not..
 
As negative as we all like to be and we can all agree they do play games. It is not in their games to just shut the doors at ABF Freight and continue ARCBEST. ABF Freight is responsible for the majority of the revenue if it goes so does the entire ship. the rest of the entities go too. To sink the company or sell, benefits no one. To make it more profitable yes, shutting or selling no. Making health and welfare/pension obligation less of a burden to ABF will be on the table and is the big difference between ABF and all other carriers, union and Non.. YRC began the transformation and members allowed this along with Hoffa.. ABF of course will cease the opp when allowed to. ABF strategy was to hire YRC workers who voted for concessions and needed time to retire knowing they would vote to pass a concessionary contract for 2018. ( the vote was close last time, guys needing short time wont hesitate to get one passed)
Just depends on the amount they have leveraged against ABF Freight.If they leveraged alot then they must keep ABF.if they diversified and diverted the leverage elsewhere then ABF is expendable.Just have to look at revenue earnings of all the companies that are owned by Arcbest
 
Just depends on the amount they have leveraged against ABF Freight.If they leveraged alot then they must keep ABF.if they diversified and diverted the leverage elsewhere then ABF is expendable.Just have to look at revenue earnings of all the companies that are owned by Arcbest
Makes sense.
 
Makes sense.
I was waiting for someone to call me out on that one.Because I'm not totally sure if it's accurate but nonetheless it is one of the main elements.This leverage is what I believe helped the Yellow/Roadway administration dupe the Teamsters into submitting a cheaper extension of the contract.In turn the Teamsters most likely loaned the money out to keep that arm of YRCW open.Thus creating a leverage on us Teamsters to have a job to some degree.But but I'm not nieve enough to the point that the union administration isn't getting more out of it than just dues paying members..get my drift?
 
I was waiting for someone to call me out on that one.Because I'm not totally sure if it's accurate but nonetheless it is one of the main elements.This leverage is what I believe helped the Yellow/Roadway administration dupe the Teamsters into submitting a cheaper extension of the contract.In turn the Teamsters most likely loaned the money out to keep that arm of YRCW open.Thus creating a leverage on us Teamsters to have a job to some degree.But but I'm not nieve enough to the point that the union administration isn't getting more out of it than just dues paying members..get my drift?
I agree with your theory. I think that's exactly what they're doing. I have the same theory.
 
it still accomplishes nothing by making ABF a stand alone.. then ABF cant make ARCBEST look or be as great as it is.. it cant then funnel ABF money around, it cant then pay JUDY.. It can only begin the old CF CNF game which took many many years to go under.. they are trying to do this in a sense but cant now.. ABF Freight created this Giant, you cant simply eliminate it. The only way to do this is to Fail or sell to which there is a contract obligation to us until it runs out. ABF feeds ARCBEST and all entities, without it, it dies. its better without so much financial liability towards you and me.. that's the game.. it wont die, don't live in fear.. but don't give in... Hoffa has done both.. Fred Zuckerman has not..


You are correct in stating they still need freight around to create revenue and in turn take it and pass it to other companies under the same corporate umbrella. Remember without a freight company ABF moving is nothing more than a name, can't move u-packs and relo's without a trucking company.
 
And......they can do that, with the Relo-Cubes at least. Our terminal had the flatbed trailer taken away from us..... ostensibly because we didn't "generate" enough revenue.
We cover a four county area with five good-sized cities in Western Penna. The terminals to the east and west of us have kept their flatbeds..,.....

I find it very hard to believe they aren't subcontracting our Relo-Cube work out to someone else. I think we just haven't caught them yet.

Of course , we had filed a grievance on U-,Pack jurisdiction.........and surprisingly (not) ......we had lost, with our erstwhile regional freight director agreeing with the company that another terminal can cross almost a hundred miles into our jurisdiction to deliver a U-Pack. He said we have no jurisdiction,.......we only have zip code points, .....and if the zip code point in question is an interline point, then any terminal can run it..........even if our terminal was delivering ALL the other zip codes around it. He said it was a "business" decision for the company.......

And they wonder why there's a very strong opposition movement to vote them out.......
 
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