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Old 10-09-2012, 12:16 PM
  #131  
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Webcast for FedEx Investors meeting 9-10 Oct
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Old 10-09-2012, 05:22 PM
  #132  
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FedEx Targeting Big Cost Cuts In $1.7 Billion Plan

Details tomorrow.
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Old 10-09-2012, 05:34 PM
  #133  
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So... a 7% reduction in Express operating costs.

They just said they have received the Postal proposal and they are confident they can get the contract again.
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Old 10-09-2012, 05:44 PM
  #134  
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The local analyst had to ask how Fred was going to handle the pilots and their contract negotiations.
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Old 10-09-2012, 06:03 PM
  #135  
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Originally Posted by MEMA300
The local analyst had to ask how Fred was going to handle the pilots and their contract negotiations.
Fred also added, "there's a lot of competition out there."

I thought Fred was going to retire but he announced some other guys retirement.
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Old 10-09-2012, 09:51 PM
  #136  
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We're going to 'cost cut' our way to an inferior product just like most of the pax airlines have. Say goodbye to the good old days of FedEx being the 'absolutely positively' way to get it done overnight.

As goes the core competence so goes the shareholder value and eventually the competitive advantage of the business.
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Old 10-09-2012, 10:14 PM
  #137  
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Originally Posted by md11phlyer
We're going to 'cost cut' our way to an inferior product just like most of the pax airlines have. Say goodbye to the good old days of FedEx being the 'absolutely positively' way to get it done overnight.

As goes the core competence so goes the shareholder value and eventually the competitive advantage of the business.
Who cares about that crap; there goes the scoobie snacks.
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Old 10-09-2012, 11:15 PM
  #138  
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Originally Posted by md11phlyer
We're going to 'cost cut' our way to an inferior product just like most of the pax airlines have. Say goodbye to the good old days of FedEx being the 'absolutely positively' way to get it done overnight.

As goes the core competence so goes the shareholder value and eventually the competitive advantage of the business.
Good thing you just fly and aren't in charge of running the business.

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Old 10-10-2012, 04:43 AM
  #139  
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Originally Posted by FoxHunter
Looks like that statement is false.

Historical Source of Revenue as Share of GDP

Taxes have evolved but at the end of the day the middle class burden has increased. Reduced taxes for the middle class is smoke and mirrors. We are again promised more lower taxes. May happen.
Just some changes in deductions. You can also expect your jump seat to be a taxable benefit, $300 to $500 of taxable income each time you commute to work.

Think that won't happen? When I received unemployment during furlough it was tax free, today it would be taxable. Car loan, credit card interest, sales tax were all tax deductible, today they are not? Changes like that impact those earning $50,000 to $500,000 a year not those earning $50,000 to $500,000 a week.
'Oh, What A Tangled Web We Weave, When First We Practice To Deceive!’


http://www.washingtontimes.com/blog/...pay-larger-sh/
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Old 10-10-2012, 06:54 AM
  #140  
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Fairly Tame. Nothing Drastic so far. May not be cutting enough.
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