FedEx Freight | Bonus

[Brassballs]

Any word or can anyone give info on payout date.

 

[SwampRatt]

Pays out late January - this one typically is added to your regular check

 

[Brassballs]

Pays out late January - this one typically is added to your regular check

Thank you Swamp!

 

[No F-bdy Bs]

I'm very curious to see if they do the bonus, given the current circumstances.
Given the last quarter's growth, it's all but guranteed that FxF will hit the numbers to bring the max bonus. So here's hoping for you guys

 

[Brassballs]

I'm very curious to see if they do the bonus, given the current circumstances.
Given the last quarter's growth, it's all but guranteed that FxF will hit the numbers to bring the max bonus. So here's hoping for you guys

Thank you NFB!

 

[truckingBORED]

Bonus AND furlough? They’ve clearly hacked PSP.

 

[SwampRatt]

I'm very curious to see if they do the bonus, given the current circumstances.
Given the last quarter's growth, it's all but guranteed that FxF will hit the numbers to bring the max bonus. So here's hoping for you guys

Bonus is part of our compensation package, used to offset previous short raises.

If we qualify, there MUST be a "no touch" policy on the bonus.

 

[DOTFXF]

Any results from the earnings report for Freight yet?

 

[Driverdriver]

All I've seen announced so far are consolidated results. Consolidated operating margin was 5.2% I believe.

 

[Purple Hammer]

Any results from the earnings report for Freight yet?

FedEx Freight Operating Margin was 17.9%. When averaged in with the previous quarters results that will result in a maximum bonus of 4.5%. Should pay out in late January, probably around the 20th of the month.

 

[DOTFXF]

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Are these the right figures?

 

[DOTFXF]

If I'm reading this correctly operating margin is 17.9% resulting in a operating ratio of close to 82..and by LTL standards the Fedex Freight segment hammered it again for a max payout. Correct me please if this is not correct

FedEx Freight Operating Margin was 17.9%. When averaged in with the previous quarters results that will result in a maximum bonus of 4.5%. Should pay out in late January, probably around the 20th of the month.

Thanks P H That is how I read it also.

 

[DOTFXF]

FedEx Freight Operating Margin was 17.9%. When averaged in with the previous quarters results that will result in a maximum bonus of 4.5%. Should pay out in late January, probably around the 20th of the month.

Should hear from the Swampmaster to concur on this soon.

 

[Brassballs]

FedEx plans more cost cuts as soft demand hurts profits

FedEx said it will be able to cut another $1 billion in costs beyond what it previously forecast.

www.cnbc.com

 

[SwampRatt]

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Are these the right figures?

Yes!
21.1% combined margin = MAXIMUM Payout 4.5%!

I especially like that set of numbers. They basically do the math for us.



*The 3 month period is what we just did. Worth looking at. But the 6 month period gives us the combined numbers. Remember previous quarter margin was 23.9%. So, it went down but still extraordinary. NO fancy calculators needed - Max payout - 4.5% of earnings from the 6 month period.

 

[BIG R GUY]

Coop Dispatch strongman, Big Dave gives all drivers a 20% bonus yearly no matter what the earnings report says. That Hat bastard treats us great.

 

[Brassballs]

Coop Dispatch strongman, Big Dave gives all drivers a 20% bonus yearly no matter what the earnings report says. That Hat bastard treats us great.

Only if your mirrors remained in tact for the year.

 

[Streaker69]

Coop Dispatch strongman, Big Dave gives all drivers a 20% bonus yearly no matter what the earnings report says. That Hat bastard treats us great.

It's to keep you guys from complaining about his hat budget. He even got a hat bonus after the government bail out of 2021.

 

[No F-bdy Bs]

What I expected. Hell, the #s would have to been a negative 10%+ to keep from the max bonus.

At any rate, Freight once again is the shining star. Ground looks meh, and Express is a total turd.

 

[eric alexander]

Will the bonus payout screw up a furloughed drivers unemployment check that week?