UnusualAttitude

Have you ever heard of the “cargo cut out”? I realize you’re just trolling but some may not.

-UA

Raptor

Seems like a simple question for Deus to answer directly.

deus ex machina

So that is why Fedex guys don't back the PAC?

UnusualAttitude

Do you feel like the PAC backs cargo guys, historically?

-UA

Adlerdriver

Have you actually looked at FAR 117? Be careful what you wish for. Complaining about the “cut out” without fully understanding the implications of 117 may not be the best plan.
Find your optimum FedEx schedule for whatever a/c you’re on or hope to be on and see how it might be affected by 117.

UnusualAttitude

I spent years flying under Part 117. I’m not saying it’s perfect but to completely leave cargo out of any science based meaningful rest changes is telling. There would be somewhere in between that should have been legislated.

-UA

Adlerdriver

Ok. Well, let’s go worst case (maybe best case from your perspective) and assume there would be no middle ground blending of 117 and what we have now. I think that’s far more likely than being able to keep a different “cut out” we agree with and cherry pick from 117. So, we push hard enough, the cut out goes away and FedEx now works under the science based magic that is 117.

Since you’re so familiar with it, maybe you can give us some examples of specific changes that would result in our typical domestic and international schedules (good and bad - keeping in mind both are in the eyes of the beholder).

JB130

I hope everyone reads TonyC's summary and thoughts on this retirement plan saga because he's captured the details of it perfectly!

The combination of an A and B Plan is simply the best deal out there because it combines the safety of guaranteed lifetime income free from stock market fluctuations with the flexibility to play said market fluctuations to one's own advantage and at whatever level of risk suites their particular situation. So why give that up? Why lose the ability to tailor our risk to a level with which we're comfortable? Why expose our nest egg completely and totally to the market whims of the day? Why hope one of these crazy market sell offs doesn't happen on the day (or week or month) you've chosen to retire because that is the day the value of your shares of your entire nest egg is determined?

When the company folded their arms and said No to improvements in the A plan, they claimed it was too expensive and they could not afford it. This is laughable, but they said it with a straight face....so I suppose we believed them. Now, enter the recent Trump tax cuts that landed in their laps and I don't see how anyone at the negotiating table can continue to keep a straight face when the company claims they can't (or won't) afford it.

Remember this?
https://about.van.fedex.com/newsroom...cuts-jobs-act/
Also pasted below in case the link doesn't work

Still believe there's no room to negotiate improvement to our A plan after reading that?

How much of that 3.2 billion dollars did the pilot group get? If you don't know, you should!

It is often said the Company looks behind our negotiators to gage our negotiating position. This works both ways....when I look behind the Company's negotiators, I see bags of money that just got 3.2 billion dollars bigger since our last negotiation and the Company's "No." I simply could not contain my laughter if, once again, we are told A plan improvements are too expensive.

Don't allow yourself to be dazzled by the glitter of calculator projections that will in no way be part of any contractual language.

So I'll gladly add to Brad Mahoney's endorsement of TonyC! The issues and questions he raises on our retirement deserve answers from our entire MEC leadership.




FedEx Committing More Than $3.2 Billion in Wage Increases, Bonuses, Pension Funding and Expanded U.S. Capital Investment Following the Passage of the Tax Cuts and Jobs Act
January 26, 2018


FedEx Corporation is announcing three major programs today following the recently enacted U.S. Tax Cuts and Jobs Act:

Over $200 million in increased compensation, about two-thirds of which will go to hourly team members (but not for pilots who are hourly team members) by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance- based incentive plans for salaried personnel.
A voluntary contribution of $1.5 billion to the FedEx pension plan to ensure it remains one of the best funded retirement programs in the country. (but not for pilot pension improvements)
Investing $1.5 billion to significantly expand the FedEx Express Indianapolis hub over the next seven years. The Memphis SuperHub will also be modernized and enlarged in a major program the details of which will be announced later this spring.

FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States.

The company has made no change to its fiscal 2018 earnings or capital expenditure guidance as issued on December 19, 2017 as a result of these actions.

deus ex machina

you guys are so absent in govt affairs is the reason why you are carved out....

you could.... form a strong cargo alliance with UPS and others and get things done... or quid pro quo with DAL/UAL and get it done.

but your lack of presence where it matters and comments here show that you expect DAL/UAL and others to carry your water the feign 'not responsible' because you are carved out....

pinseeker

Douche Machine is just trolling guys. Just ignore it. The troll's comments clearly show ignorance. Let's not get muddy wrestling with the pig.