Merle Haggard

Fred, by virtue of being Fred, always had the luxury of working on a five and ten year timeline. Every other CEO is under Wall Street’s thumb and has to work on the next quarter’s earnings or risk being crucified. I believe that Fred left some things in motion that will pay off down the road (automated sort facilities and IND expansion being a couple of the big ones). I remember him telling Jim Cramer as much in an interview within the past couple of years. We will be fine for a few years.

PurpleToolBox

I don't think any of this has anything to do with Amazon. Dumping Amazon was the best thing to happen to FedEx. Our sales force went out and replaced Amazon's low yield freight with that of higher yielding. Then you throw in COVID and FedEx expanded dramatically.

For now Amazon is mostly just shipping stuff for Amazon. When they start shipping contracts for major companies (especially manufacturing ones), then it is time for both FedEx and UPS to worry -- especially UPS since they're more vulnerable to Amazon.

ComingInHot

Thank you everyone for the responses! Sounds like all of you recommend going to the majors asap and joining FedEx later.

FXLAX

Go to the first one that hires you. Then you can decide what to do.

md11pilot11

If you don’t have 500 PIC leaving before you have it could set you back years. It’s 3-4 year upgrade at all the LCCs same with the majors except delta where you could be a NYC captain in about a year but that won’t last forever and if you had a CJO at delta now you wouldn’t be in class until the end of the year making your minimum time from Indoc to upgrade class at least mid 2024 add 9 months to that and you’ll have 500 PIC in 2025 if things stay the way they are which they won’t. Are you 21-30 years old? If so stay get the 500 and then leave. If your older than 30 then it’s a different story. No one on here knows your unique situation only you do. And only you know the right answer to your question. If your okay flying a 737 or A320 between FLL- and New York then don’t stay but if you are dead set on cargo then do what you need to do to get the hours. People always will advocate for the safe choice but getting what you want in life requires a little risk. And if you aren’t willing to risk it then do you really even want it? That’s my advice. Please don’t take unless you are willing to take a risk.


Sent from my iPhone using Tapatalk

the turtle

I'm sitting in a Brown groundschool and have a Purple CJO, and I'm still thinking Purple.
Better work rules and other bits that could fit my unique situation.
When a CEO tells the world the company is collapsing yet has a billion to buyback stock something smells a wee bit fishy.....

ComingInHot

That was my original plan. Get 500h PIC and leave. At my regional that wouldn't even take that long.
Thank you!

ComingInHot

See, that is what I was wondering. Is it really as bad as the news make it out to be or are there other strategic reasons?

opt0712

Alright so for some historical perspective here. Back in 2019 we had two quarters that ****ed off Wall Street, albeit we were still profitable. I remember RS, RS, and DC all getting in front of the bad news and even all three showed up to the hub at midnight during peak not but a week after the earnings were released.

That's where I met all three of them, shook their hands and chatted briefly about the company. We knew cost cutting initiatives were coming, but they got out in front of the bad news immediately and faced their employees. I hadn't seen anything like that, ever. And still haven't.

Yes, FedEx has been known to be a bellwether to Wall Street, but this time around the actions don't match up. This is nothing more than a page out of the management playbook at this stage of negotiations. Seen it time and time again in this career. We'll see how much of a buzz FedEx creates when I'm on Wall Street on the 26th.


​​​​​

StarClipper

Ding Ding Ding Ding!!! That’s exactly how I feel. The sky is not falling.