FedEx Freight | WHAT? Really?

[Panhandler92]

Hmmm….this is no surprise to me and has been pretty obvious for awhile. Why do you think the parcel divisions of fedex are struggling so mightily?

They have for years

FXG is inefficient, used to only be able to take in 2-3 cents per parcel profit wise. They could probably optimize their linehaul and P&D a bit better and gain some there.

FXE has always tanked far as I can remember, they might've had a few good years here and there over the past 11 years I've been here but I can't remember any.

We used to struggle too, but we've been on point for a number of years now.

 

[White]

The takeaway on the P&L of the individual divisions is labor is the problem. Management is, and always will be, the solution.

 

[ED FORCE ONE]

Swift probably wins biggest transportation company award... Other than that I can't think of anything. The worst drivers I've encountered are Amazon contractors and JB Hunt.

Amazon contractors are maniac tailgaters , JB is so pokey

 

[Real Teamster]

They are the only ones in the competition. They have won the last 24 years.

Sure Wish I'd Finished Training. BTW, how can you always catch Swifty if they're having an affair with your wife? Simple, they can't back that rig out of your driveway

 

[BIG R GUY]

Amazon contractors are maniac tailgaters , JB is so pokey

 

[SwampRatt]

Saia holds on to Yellow’s freight

Saia’s fourth-quarter update shows it is retaining the freight it onboarded as a result of Yellow’s collapse.

www-freightwaves-com.cdn.ampproject.org

 

[purple_beer]

Sure Wish I'd Finished Training. BTW, how can you always catch Swifty if they're having an affair with your wife? Simple, they can't back that rig out of your driveway

What’s the difference between a toilet and a swift driver?
A TOILET CAN BACKUP!

 

[slavenomore]

DHL voted for strike authorization earlier this week.
Interesting to see if O'Brien and Zuckerman decide to use that to help DHL Teamsters or use it to help UPS. Right at Christmas season.

 

[SwampRatt]

Scooping up the real estate:

First wave of auctioned Yellow terminals set to fetch $1.9B

Four big industry names are in line to snap up more than 80 of the shuttered carrier’s properties around the country.

www.fleetowner.com

 

[SMOKESTACK]

What’s the difference between a toilet and a swift driver?
A TOILET CAN BACKUP!

sorry man , that's just plain dang funny !

SMOKESTACK -

 

[Packerfan]

It's a sad day, but you all just have to accept that fedex is not the industry leader it used to be.

Bad management, making bad decisions drove it down. Instead of having designated areas for drivers to do pick-up and deliveries They will put multiple stops for multiple cities on trailers. Most times between stops is an average of 5- 20 miles. The only reason why they did this was to improve gate times. Makes no sense. Cause all they did was delayed service times. Its like when politicians say they're getting rid of one tax then they add another tax. They didn't accomplish anything but start another mess.

I am so glad I got out when I did.

 

[White]

Bad management, making bad decisions drove it down. Instead of having designated areas for drivers to do pick-up and deliveries They will put multiple stops for multiple cities on trailers. Most times between stops is an average of 5- 20 miles. The only reason why they did this was to improve gate times. Makes no sense. Cause all they did was delayed service times. Its like when politicians say they're getting rid of one tax then they add another tax. They didn't accomplish anything but start another mess.

I am so glad I got out when I did.

Visitor here. Soda pop for twenty years. Had bid areas when we sold off the truck. Went to a presell system (why I left). Routed every truck with deliveries “out & back”. First stop might have been a restaurant that didn’t open til 11(5 am start time). Eliminated “unproductive” drive miles. For the #s, for the stockholders. Reduced productivity, which, you’d think, is bad. We think mgt is dumb, stockholders must be the most gullible idiots alive.

 

[SwampRatt]

Making a killing on real estate

Yellow bankruptcy: Auction nuggets and next steps—including large tax and interest savings

On the heels of making $1.9 billion on real estate auctions, advisers to the defunct trucking giant are rethinking how they can unload remaining leased properties. A. Duie Pyle...

www.fleetowner.com

 

[steercrazee]

Making a killing on real estate

Yellow bankruptcy: Auction nuggets and next steps—including large tax and interest savings

On the heels of making $1.9 billion on real estate auctions, advisers to the defunct trucking giant are rethinking how they can unload remaining leased properties. A. Duie Pyle...

www.fleetowner.com

Looks like Estes got a deal.

 

[steercrazee]

Kind of strange the company seems worth more out of business than when in business.

 

[Southridger]

Kind of strange the company seems worth more out of business than when in business.

Milked the cow dry...and then sold her ... There's millions in bonuses to executives somewhere in between. It's sad to see all this play out. Sorry to all those employees that are impacted.

 

[steercrazee]

Milked the cow dry...and then sold her ... There's millions in bonuses to executives somewhere in between. It's sad to see all this play out. Sorry to all those employees that are impacted.

I don't know how stuff works but it looks like there should be some investigating on them there bonuses at that amount to executives when the company was going downhill. There shouldn't have been any bonuses until there was a profit. Just seems somebody was feeling their pockets while the company suffered loss.