Fed Ex adds $1.5 BILLION to pension !!

Discussion in 'YRC Freight' started by wongway, Jan 30, 2018.

  1. wongway

    wongway -15% Pay , Never forget

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  2. mysticobra

    mysticobra Just here.

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    I just read that.
    88% funded.
     
  3. Triplex

    Triplex Experienced stalker

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    Compare the financials/operating margins of FedEx Express, FedEx Ground and FedEx Freight. See where all the profits/revenue are coming from. Wake the hell up Wong! You're comparing apples and oranges. But then again...
     
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  4. aztec warrior

    aztec warrior Member

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    Wong likes drama hahaha
     
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  5. Roadway spy

    Roadway spy New Member

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    Yea we’re else can you go and do absolutely nothing get 6 weeks vacation and sick leave, free insurance, 12 weeks fmla and do nothing day after day. The hardest thing to at YRC is clock in and the rest of the day is all social media and surfing the web.
     
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  6. mysticobra

    mysticobra Just here.

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    Nobody gets six weeks vacation.
     
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  7. Skypilot

    Skypilot Who cares

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    When did the insurance become free.and not everyone shows up and does nothing,and 12 weeks fmla,really.can get that anywhere.
     
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  8. Try'n Hard

    Try'n Hard SITUATION CRITICAL..... but not serious

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    Must be a 511 dock worker.
     
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  9. wongway

    wongway -15% Pay , Never forget

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    Drama ?? No Wong likes a FULLY FUNDED pension !
     
  10. wongway

    wongway -15% Pay , Never forget

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    profits & revenue ??? YRCW makes BIG money they just adjust the number's to show less to control the sheep and they always have money for BONUSES and free stock awards ??
     
  11. Triplex

    Triplex Experienced stalker

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    They say you can't fix stupid but some of us keep trying anyway...

    FedEx 2017 revenue - $60.32 billion
    UPS 2016 revenue - $60.91 billion
    YRCW 2016 revenue - $4.697 billion

    Like I said earlier, apples/oranges.
     
  12. SamHouston

    SamHouston Member

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    That would include workers comp.
     
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  13. wongway

    wongway -15% Pay , Never forget

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    So happy we can always agree to disagree on everything [​IMG]
     
  14. Triplex

    Triplex Experienced stalker

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    [​IMG]
     
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  15. roadboss

    roadboss Well-Known Member

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    Maybe one is a fruit loop.
     
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  16. Bubba Gump

    Bubba Gump Active Member

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    w. Way, FedEx ended their pension plan 6-1-2008, not being burdened with pension cost since that date they have continuously taken market share from UPS and the LTL companies. UPS will have to lower their labor cost to stay out of bankruptcy in the future. Better to lower labor cost now and preserve market share. As apposed to a bankruptcy judge doing it in a decade or two. The easiest way to lower labor cost is to change multi employer pension law. Partitioning the pension funds and eliminating the withdraw penalty would save contributing employers substantial amounts of money. TRIPLEX had a very good post showing yearly revenue. Go back to 2008 and see the difference in revenue and stock price between UPS and FEDEX as apposed to now, UPS is getting their ass kicked . Unless UPS changes today they will be the next Hostess, YRC . THE TAKE HOME WONG IS, see what happens at UPS in 2018 before you decide to KICK ass in 2019.
     
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  17. Keepingon

    Keepingon Well-Known Member

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    If you look at what Amazon is doing with same delivery with contracted small trucks and vans it is basically the fedex small package model, Amazon is getting it set up and getting the kinks out seems like they are doing well with it, but it seems once they do get it running smoothly they may be looking for a piece of the lucrative small package pie.
    They are into everything else so why not ?
     
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  18. Elwood

    Elwood Question Authority

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    Buy and license a 24-30K straight truck with liftgate, and you too can be an independent contractor 24/7/365.

    White glove specialist, ad infinitum.

    It’s the freaking American dream!

    You can even cover your own family healthcare plan!

    The original business plan of RPS now embraced by FedEx Ground.

    Makes me me wanna vomit!

    If you need a history lesson, go ahead!!
     
    Last edited: Feb 3, 2018
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  19. Keepingon

    Keepingon Well-Known Member

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    I’m content doing my 11 hrs Monday to Friday. with a little occasional bitching of course. :17142:
     
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  20. Elwood

    Elwood Question Authority

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    Contentment is the goal of us all.

    Time is the most valuable currency.

    Good health and the ‘time’ to enjoy our limited presence.
     

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