FedEx Freight | Holy operating ration

[SMOKESTACK]

Shutup with that stupidass ****. I swear some of you have mental issues. Bitch about what you will, but Fx has done fine with the bonuses.

Quick !
Get that guy a hot dog he's getting bitchy

 

[SIKOFITALL]

It will be the best move from the company to show some appreciation for the workforce!

Don’t hold your breath

 

[SMOKESTACK]

It will be the best move from the company to show some appreciation for the workforce!

Did you ever see the hot dogs with the cheese built right into them ?

 

[SwampRatt]

Don’t hold your breath

But But BUT! We've been told for years that DOUBLE digit operating ratios are what's needed for improved benefits and wages. I wonder - will THAT topic will be mentioned, as part of the expected pre-shift announcement of the 16.1% margin for the quarter and 11.766 % for the combined last 2 quarters?

Point taken, Siko... NOT holding breath. Even though I do EXPECT the commitment to be honored.

 

[SwampRatt]

Our manager had the numbers this morning 3.38%.

And you trust your manager's number more than us? Ya must have a good one.

 

[SwampRatt]

Doesn't that give you a margin of 11.3?

It might appear that way, at first glance, but that's not really correct.

Analogy: Because the two pies are each a different size, combining percentages doesn't work. You have to combine the ingredients of both pies together, then run the numbers.


Better full view here: https://add.pics/image/kvnyu

Combined operating income (bottom line) 479 mil
divided by combined Revenue (top line) 4071 mil
equals combined operating margin of 11.766%

Then we can refer to the provided guidelines, and using a trusty interpolation calculator (yes there is such a thing), presto. Your raw, unrounded bonus number: 3.3680999999999996%

 

[Big Dave]

Did you ever see the hot dogs with the cheese built right into them ?

I heard Gerard was a cheese injector at the Oscar Mayer plant….

 

[Fatfarmer]

Sounds like someone needs a hot dog and a shot of purple kool-aid just sayin

 

[Crazy Trucker]

Quick !
Get that guy a hot dog he's getting bitchy

I get cranky also when I don't get food. Just sayin.

 

[Crazy Trucker]

 

[dsh69]

Nonexistent raises, crappy health insurance, more PT and rails… The formula works, it’s great to be part of a winning team!

Now's the time to switch companies.

 

[truckingBORED]

Now's the time to switch companies.

I’m working on it. (Along with half of my center).

UPS doesn’t open a hub in your backyard everyday. Just saying…

 

[Afdriver02]

Now's the time to switch companies.

I’ll only leave for 1 job and it’s a long shot but it seems to be happening in other areas. I’m on a email notification list. Fingers crossed.

 

[Boats n hoes]

Tell that to a lot lizard

 

[Rtucker0218]

Max is 4.5%, but we didn't qualify for that.

We qualified for approximately 3.68%, base on a combined 3rd & 4th quarter margin of 11.766%.

The exact payout depends on how favorable the rounding method they choose to use. Historically, in good times the rounding is more generous.

Does everyone get different? My wife works for fdx services. She gets 6% of her annual salary. She was just informed the bonus will be paid at 150% this year due to profits, so technically she will get 9% of her annual salary.

 

[SwampRatt]

Does everyone get different? My wife works for fdx services. She gets 6% of her annual salary. She was just informed the bonus will be paid at 150% this year due to profits, so technically she will get 9% of her annual salary.

No. Services is totally separate with superior benefits. Express is also separate. I can not speak on Ground since their drivers are NOT employees. I have no clue as to their employee benefits.

Freight's bonus structure is stand alone, and unique to Freight. The good part? It's NOT contingent on any other metrics other than it's own profitability - operating margin.

Worth mentioning, since you quoted the amount posted in error, the corrected (raw numbers) Bonus amount is 3.368%

 

[Butterdick]

It might appear that way, at first glance, but that's not really correct.

Analogy: Because the two pies are each a different size, combining percentages doesn't work. You have to combine the ingredients of both pies together, then run the numbers.


Better full view here: https://add.pics/image/kvnyu

Combined operating income (bottom line) 479 mil
divided by combined Revenue (top line) 4071 mil
equals combined operating margin of 11.766%

Then we can refer to the provided guidelines, and using a trusty interpolation calculator (yes there is such a thing), presto. Your raw, unrounded bonus number: 3.3680999999999996%

Is it 3.36 of our last six months income, or of the last year?

 

[SwampRatt]

Is it 3.36 of our last six months income, or of the last year?

3.368%

6 months. Your last check shows year to date (6 months), for a good idea on the amount to expect. It's not the exact reporting period (Dec-May), but is a good ballpark indicator.

 

[Rtucker0218]

Is it 3.36 of our last six months income, or of the last year

Is it 3.36 of our last six months income, or of the last year?

Sorry not comparing apples to apples. The corporate employees are based off annual salary

 

[DOTFXF]

Sorry not comparing apples to apples. The corporate employees are based off annual salary

Good to know if we ever decide to go the corporate side of Fedex.