Originally Posted by
YYESIAV8
"the B727 excess is about to be fully trained out so the main reason we stopped hiring was to finish that process."
Don't think that is why we stopped hiring...down economy had more to do with that. But every former 727 who is able to go to training has started. Only ones left are those that "hurt" their shoulder.
FedEx Economic Update
March 31, 2014
We continue to see moderate economic growth. U.S. GDP is expected to increase 2.6% in 2014 after 1.9% growth in 2013. We expect GDP growth to increase to 3.0% in 2015, driven by investment (business and housing) and reduced fiscal drag. Consumer spending should gradually gain strength as the economy improves.
Our industrial production forecast is 3.4% for 2014 after 2.9% growth in 2013. Pent-up demand still exists as capital spending and manufacturing production have yet to recover to their pre-recession levels. Given the near-perfect correlation between business fixed investment and employment growth, it is important to have a policy environment encouraging additional capital spending.
Global GDP growth is expected to be 2.8% in 2014 and 3.1% in 2015. Europe and China show signs of stabilization, which should support better trade growth this year. Risks to the outlook include geopolitical tensions in several emerging markets and energy prices.
I don't the company thinks the skies falling, 4th Qrt US GDP was way higher than the annualized 1.9% at 2.6%.