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FedEx Freight | You've all been dooped

Skinnytrucker

Skinnytrucker

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Fed Ex announces its spending 4.8 billion dollars to purchase TNT in Europe and yet you guys still pay astronomical amounts of money for your health insurance and no pension. Lol. Way to go Fred. He must be the Wall Street hero
 
...and he ran in here just to tell us. All those beatings as the hall monitor must of went full circle and turned you back into the d@*che you graced your family as.

$4.8 billion sounds like a bargain. I'll sit back and see if this blossoms into a profitable venture. I stick around just to see what is going to happen next.. TNT has a handle on a door FedEx couldn't open, now there is light shining through the crack. If it wasn't spent here, it would of been spent somewhere else. If you are so intent on being the town crier on every move FedEx makes that you think is harming us as the employee, better get some good sneakers 'cause you'll be running in here alot.

He bought Kinkos in 2004 for $ 2.4 billion and it's still chugging along with annual sales of $2 billion. That's 10 years at $2 billion a year. You can do that math, less operating expenses, I'd say that's a nice grab.

So basically I guess the question is.....What's your point?
 
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Skinny trucker, first of all it's duped not dooped. Secondly, I just received my pension statement in the mail showing I will receive just under a $1000.00 a month when I retire in 12 years. Not bad for having contributed $0!]Fed Ex announces its spending 4.8 billion dollars to purchase TNT in Europe and yet you guys still pay astronomical amounts of money for your health insurance and no pension. Lol. Way to go Fred. He must be the Wall Street hero[/QUOTE]
Akinny
 
So a global corporation expanding its market share somehow has anything to do with anything at the opco level? I'd think that the corporation growing merely establishes that FedEx is healthy and prosperous.

You can disagree with the business practices all you want. It doesn't mean they're wrong or that anyone's being fooled. It just means that you don't like it. From where I stand, FedEx buying out TNT is an investment in a market they have little traction in right now. It has zero bearing on FedEx Freight because it has nothing to do with FedEx Freight.
 
moedog62 said:
Skinny trucker, first of all it's duped not dooped. Secondly, I just received my pension statement in the mail showing I will receive just under a $1000.00 a month when I retire in 12 years. Not bad for having contributed $0!]Fed Ex announces its spending 4.8 billion dollars to purchase TNT in Europe and yet you guys still pay astronomical amounts of money for your health insurance and no pension. Lol. Way to go Fred. He must be the Wall Street hero
Akinny
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While we're bragging do you mind if I chime in and tout that I'll be collecting $4300/month from a pension that I never contributed to shortly?
 
moedog62 said:
Skinny trucker, first of all it's duped not dooped. Secondly, I just received my pension statement in the mail showing I will receive just under a $1000.00 a month when I retire in 12 years. Not bad for having contributed $0!]Fed Ex announces its spending 4.8 billion dollars to purchase TNT in Europe and yet you guys still pay astronomical amounts of money for your health insurance and no pension. Lol. Way to go Fred. He must be the Wall Street hero
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Akinny[/QUOTE]

Good luck with that its projected based on a 2 percent raise every year, so don't bank on that grand.
 
ABFer said:
While we're bragging do you mind if I chime in and tout that I'll be collecting $4300/month from a pension that I never contributed to shortly?
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You contributed. You just didn't see it come out of your check. No such thing as a free lunch.
 
EX396 said:
You contributed. You just didn't see it come out of your check. No such thing as a free lunch.
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Well atleast he gets a decent retirement in return. With his 401k and ss he will bring home a good bit, way better than our hope's and dreams retirement.
 
EX396 said:
You contributed. You just didn't see it come out of your check. No such thing as a free lunch.
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That's one way to look at it. So...did the competitors receive the difference in their paychecks since they aren't in the pension fund(s)?
 
ABFer said:
That's one way to look at it. So...did the competitors receive the difference in their paychecks since they aren't in the pension fund(s)?
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I guarantee you that if those competitors' employers had to make contributions large enough to ensure such a pension those employees would have noticed a variety of cuts elsewhere.
 
EX396 said:
I guarantee you that if those competitors' employers had to make contributions large enough to ensure such a pension those employees would have noticed a variety of cuts elsewhere.
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Like their stellar health insurance for example?
 
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