If you haven't seen it, 99% of it is the usual prattle about safety first and how important the people are to this company. How Quality Driven Managment has solved all our problems and 50/10 is on track and blah, blah, blah.
However, there is a section which I will recreate here for you.
* Both international and doemestic volumes in FedEx Express are growing. 6 and 4 percent respectively.
* FedEx Ground volumes, revenue, operating income and operating margins are also up.
* FedEx Office is seein signs of improvement in copying, print online and pack-and-ship.
* The exception is FedEx Freight where average daily shipmnets increased but at significantly lower yields, given the excess capacity in the industry versus LTL demand. We are working hard on plans to turn this around.
What this tells me is that the way we have been made to run this Opco has finally received the attention of the big man. It is so bad, even he noticed.
When the big boys use the word "significant", what they really mean is "Oh Mother F***!!!"
Some of the reasons for lower yields would be part time dock workers, 20 year line drivers driving forklifts, and a totally disengaged workforce who have finally been beaten down to the point of not only not caring, but in some cases, making sure things don't work out.
My hope is that Fred will now cull Harrison. He will ask why things were done in the way they were, and fire the incompentant SOB's that run this operation. I'm hoping the new Prez is of the same mind.
If I was the owner of a multi-billion operation, and I bought two profit making companies only to have them become a drag on my operation, I would be having some rather intense, unpleasent meetings.
The best thing he could do, for out here in the west at least, is reinstate our line haul system. What may work for the east, simply DOES NOT WORK OUT HERE!
Dump PT. Or only use for large shipments.
There are many other things they could do to become profitable again. All they have to do is ask those who do the work. That would be us.
I told GTRDone once that if me and my buddies were engaged employees, he would wish he had a dozen more of each of us. But there is no benefit to being engaged. Not when you can do just what you have to do to get by, and no one notices. Well, no one notices when you go above and beyond, so why stick your neck out?
Fred, I hope you have someone reading this board. Come out to the NW and I'll buy you a beer and we can talk.
However, there is a section which I will recreate here for you.
* Both international and doemestic volumes in FedEx Express are growing. 6 and 4 percent respectively.
* FedEx Ground volumes, revenue, operating income and operating margins are also up.
* FedEx Office is seein signs of improvement in copying, print online and pack-and-ship.
* The exception is FedEx Freight where average daily shipmnets increased but at significantly lower yields, given the excess capacity in the industry versus LTL demand. We are working hard on plans to turn this around.
What this tells me is that the way we have been made to run this Opco has finally received the attention of the big man. It is so bad, even he noticed.
When the big boys use the word "significant", what they really mean is "Oh Mother F***!!!"
Some of the reasons for lower yields would be part time dock workers, 20 year line drivers driving forklifts, and a totally disengaged workforce who have finally been beaten down to the point of not only not caring, but in some cases, making sure things don't work out.
My hope is that Fred will now cull Harrison. He will ask why things were done in the way they were, and fire the incompentant SOB's that run this operation. I'm hoping the new Prez is of the same mind.
If I was the owner of a multi-billion operation, and I bought two profit making companies only to have them become a drag on my operation, I would be having some rather intense, unpleasent meetings.
The best thing he could do, for out here in the west at least, is reinstate our line haul system. What may work for the east, simply DOES NOT WORK OUT HERE!
Dump PT. Or only use for large shipments.
There are many other things they could do to become profitable again. All they have to do is ask those who do the work. That would be us.
I told GTRDone once that if me and my buddies were engaged employees, he would wish he had a dozen more of each of us. But there is no benefit to being engaged. Not when you can do just what you have to do to get by, and no one notices. Well, no one notices when you go above and beyond, so why stick your neck out?
Fred, I hope you have someone reading this board. Come out to the NW and I'll buy you a beer and we can talk.