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FedEx Freight | Raise

George Knighton said:
I guess you forgot the $900 million shortfall in revenue?
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Perhaps you didn't read the details of the quarterly report. You work for Freight, right? Not Express.

Operating income up 10%, despite 3% lower revenue.

Operating Margin up 1.2%.

Revenue per shipment up 3% overall.

Revenue per hundredweight up 8%. SUCCESS

Oh, and there is that Operating MARGIN of 10.2%.


Perhaps you are ALSO not aware that last year (FY2019) was a RECORD YEAR for FedEx Freight (operating income was UP 26%). So, 3% lower revenue coming of a RECORD Year is still outstanding.
http://d18rn0p25nwr6d.cloudfront.net/CIK-0001048911/07bd70ac-5257-481e-86e1-f647b6443aa8.pdf

Don't even get me started on market share...

So to the clear thinking among us, that sounds like a reason to put the pressure on the competition, and DOMINATE the market for drivers, mechanics, etc. Even Management should have been rewarded better that the 2% stated, IMHO. But somehow YOU are here to tell us how lucky we are to have this job, and it's time to bite the bullet. Your timing is brilliant <insert sarcasm>. With all due respect...
 
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SwampRatt said:
Perhaps you didn't read the details of the quarterly report. You work for Freight, right? Not Express.

Operating income up 10%, despite 3% lower revenue.

Operating Margin up 1.2%.

Revenue per shipment up 3% overall.

Revenue per hundredweight up 8%. SUCCESS

Oh, and there is that Operating MARGIN of 10.2%.


Perhaps you are ALSO not aware that last year (FY2019) was a RECORD YEAR for FedEx Freight (operating income was UP 26%). So, 3% lower revenue coming of a RECORD Year is still outstanding.
http://d18rn0p25nwr6d.cloudfront.net/CIK-0001048911/07bd70ac-5257-481e-86e1-f647b6443aa8.pdf

Don't even get me started on market share...

So to the clear thinking among us, that sounds like a reason to put the pressure on the competition, and DOMINATE the market for drivers, mechanics, etc. Even Management should have been rewarded better that the 2% stated, IMHO. But somehow YOU are here to tell us how lucky we are to have this job, and it's time to bite the bullet. Your timing is brilliant <insert sarcasm>. With all due respect...
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Glad you pointed that out. It's crazy that our dock workers get nothing (all but 1 at my center are part time), supervisors get 2% and we get .75 after 18 months of record profits. Their insurance raised as well. Trying to point a positive spin on this is sad.
 
rQ2kC7e.jpg

Anyone know this person?
 
aflifer said:
Would be interested in exactly how much insurance premiums have increased in those years?
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Shouldn't be too hard to look it up. I do recall, in the past (same time period), there was at least one year with no changes in insurance contributions.

I think the change of course is what's troubling. Reduced benefit & smaller raise, while at the same time margin and actual operating income surges.

Seems like a missed opportunity to reinforce rather than cast doubt.
 
SwampRatt said:
Shouldn't be too hard to look it up. I do recall, in the past (same time period), there was at least one year with no changes in insurance contributions.

I think the change of course is what's troubling. Reduced benefit & smaller raise, while at the same time margin and actual operating income surges.

Seems like a missed opportunity to reinforce rather than cast doubt.
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Fred is anxious about Bezos expansion. I think it’s why fx dropped Amazon this year. Ups is hiring like crazy to handle fx portion of amazon business, but should be looking to drop amazon as well before it’s too late
 
SwampRatt said:
Shouldn't be too hard to look it up. I do recall, in the past (same time period), there was at least one year with no changes in insurance contributions.

I think the change of course is what's troubling. Reduced benefit & smaller raise, while at the same time margin and actual operating income surges.

Seems like a missed opportunity to reinforce rather than cast doubt.
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I think it was 2016 when they didn’t raise the cost and we had the union here
 
Streaker69 said:
I got it from somebody close to the program. Sure enough, on Friday I recurved an alert from indeed notifying me of the new opportunities at FXF.
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I meant to get back to you sooner on this.

The next day, the official list showed 8 apprentice openings. Close enough to call your source credible.:1036316054: BUT, that's company wide. It would be hard for me to imagine one location getting approval to add 10.

Not saying they're not requesting that, but requesting and getting approval are two different things.

That same list showed 10 city and 8 road positions, company wide. New list out today, we'll see...
 
Crazy Trucker said:
Upsf still has superior insurance, pay, and retirement. Keep up the clown act.
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I work at ABF. Coward down NO COST INSURANCE THREW 2023 for entire family. 66cent hr raise into pension every year of contract, 2.15 hr over 5 yr in pay. Also our insurance is platinum plan insurance plan with 250 max out of pocket per year.:lmao::lmao: Also 5 sick,4 personal days per year.
 
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