Fred Smith Oct. 9-10th
10-02-2012, 09:16 PM
#12
Line Holder
Joined APC: Jun 2007
Posts: 86
My guess is that there will be a major restructuring in what Express does in the lower 48. They offered buyouts earlier, and are planning to close a bunch of smaller locations, so the next level of whatever the lead-ins showed is what will happen next. Express is where the cost is, and it's going to get addressed. I'm not saying that Express is a lead weight by any means, just that the slow shift of domestic volume from Express to Ground will change how Express operates. Good luck to all.
10-03-2012, 05:13 AM
#16
Gets Weekends Off
Joined APC: Apr 2007
Position: B-777 F/O
Posts: 120
Big Express cost reductions
From the Q1 2012 Earnings Call Transcript on 18 Sep 12:
Certainly sounds like some big changes are heading our way. Might want to fasten your seat belts.
The following quotes are from Fred Smith:
"We have significant efforts under way to reduce cost in the Express segment, some of which we'll talk about today and all of which we'll talk about in detail at our Investors and Lenders Meeting on 9 and 10 of October, and we hope most of you can come to that meeting."
"So you'll see at the October 9 and 10 meeting, where we have a significant initiative under way in Express to take huge amounts of money out of the Express networks, reflecting what I just told you about."
Certainly sounds like some big changes are heading our way. Might want to fasten your seat belts.
The following quotes are from Fred Smith:
"We have significant efforts under way to reduce cost in the Express segment, some of which we'll talk about today and all of which we'll talk about in detail at our Investors and Lenders Meeting on 9 and 10 of October, and we hope most of you can come to that meeting."
"So you'll see at the October 9 and 10 meeting, where we have a significant initiative under way in Express to take huge amounts of money out of the Express networks, reflecting what I just told you about."
Last edited by Pecan; 10-03-2012 at 05:39 AM.
10-03-2012, 06:41 AM
#18
Ok, No more sleeping Dog
Joined APC: Feb 2007
Position: MD-11, F/O
Posts: 889
From the Q1 2012 Earnings Call Transcript on 18 Sep 12:
Certainly sounds like some big changes are heading our way. Might want to fasten your seat belts.
The following quotes are from Fred Smith:
"We have significant efforts under way to reduce cost in the Express segment, some of which we'll talk about today and all of which we'll talk about in detail at our Investors and Lenders Meeting on 9 and 10 of October, and we hope most of you can come to that meeting."
"So you'll see at the October 9 and 10 meeting, where we have a significant initiative under way in Express to take huge amounts of money out of the Express networks, reflecting what I just told you about."
Certainly sounds like some big changes are heading our way. Might want to fasten your seat belts.
The following quotes are from Fred Smith:
"We have significant efforts under way to reduce cost in the Express segment, some of which we'll talk about today and all of which we'll talk about in detail at our Investors and Lenders Meeting on 9 and 10 of October, and we hope most of you can come to that meeting."
"So you'll see at the October 9 and 10 meeting, where we have a significant initiative under way in Express to take huge amounts of money out of the Express networks, reflecting what I just told you about."
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