Hey corky how did u get that I was saying fxfe is in trouble all I did was state the facts that 4 upper level management left without notice this morning and 3 more just a few months ago...FedEx is very strong and not going anywhere but up however these guys earned 250,000 and up including bonuses you can't tell me life at vitran is that much better... They know something we don't and are bailing now keep drinking the cool aid brother
Keylon and company have the idea of taking the FedEx model...expanding the concept...incorporating some tweaks and refinements and take the industry by storm.
That may happen, but it won't be anytime soon.
It is one thing to have a viable and workable concept...it is another to fund it.
Without the needed capitalization to see the concept thru...this mindset is little more than a pipe dream.
FedEx has billions of dollars to throw at a particular idea...Vitran doesn't.
While Keylon may think he is the next Fred S. ( and he may be) you also need the monies to pull it off. They don't have the money for this to happen anytime soon.
It is rumored that Vitran is offering HUGE incentives in the form of wages and benefits...to attract the 'best of the best' this industry has to offer.
Good for them.
IMHO those responding and accepting said offered positions are looking for an easier gig. I would do the same. FedEx is NOT an easy company to work for...too much BS...entirely out of control number crunching...then we also are forced to deal with the self proclaimed FedEx Ground guru...Pat R. (who hasn't a clue how to handle the freight biz!!!)
Those who are leaving for Vitran are in for a rude awakening...not only are they going to competitive with FedEx...that are going to be in direct competition with every other carrier as well.
I recently read a post regarding the 'grass being greener' on the other side of the fence...the poster said "it is there...you just have to find the right grass."
Time will tell..I just wouldn't but the stock at this moment in time.
Rat