LOA vs NASCAR
 

Correct me if I'm wrong, but I heard FedEx spends approximately $43,000,000 on Nascar.

LOA

Housing allowance:......................................$3 2,400/yr ($2700 times 12)

Tax, Shipping, Storage, Airline:........................$7,600/yr

Total Benefit:.......................................... ....$40,000/yr/pilot

Getting screwed by bidding an FDA............................PRICELESS

Currently Subic has 4 aircraft with 1 spare and 80 pilots. The MEC tells us that this LOA is worth about $40,000/yr in "incremental" benefits to our pilots.

HKG 4 aircraft with 1 spare 5 total = 80 pilots

Paris 12 aircraft 1 spare 13 total = 240 pilots

Total pilots in both FDA's = 320 pilots

320 pilots times $40,000/yr = $12,800,000/yr

Multiply by three = $38,400,000

$38 million dollars is still less than we pay for Nascar.

Some bean counter honestly believes that spending $43 million on NASCAR brings in more than $43 million in revenue. If its true, then you need that $43 million to be spent on NASCAR so that you will have packages to carry on your airplane.

Why use NASCAR? They just go round-n-round that little 'ol track don't they? Can't see us delivering many packages that way.

A lot of folks go to the races.....I'm not sure if all of them are picking up a package though, some may just be there for the race.:D

I'll bet they get more miles out of NASCAR then they do out of that once a year Orange Bowl show.

Oh I don't know. Double deadhead lines through Indy sure seem like it. :D

$43 million to sponsor some redneck to drive fast and turn left?? And this is a better value to FDX than doing right by their people? Unbelievable.

That redneck won this week. Maybe you'll see more shipments :)

First off, NASCAR used to be a redneck sport. But it isn't that way anymore. Most of the crew chiefs have engineering degrees, some from well known schools like Virginia Tech. Some of the younger drivers also have engineering degrees, Ryan Newman (#12) has his from Purdue. NASCAR isn't for everyone but it is the largest spectator sport in the country and is a VERY powerful advertising/media outlet.

Back to the topic. FDX's total package may be close to $43M including advertising and all the frills. I would bet a lot of lettuce that they don't throw $43M at Joe Gibbs Racing and the #11. It simply doesn't cost that much to run a 1st class Nextel Cup team. It can be done with $25M-$30M. For comparison, Ferrari, which I know is actually in the fast car business, has a $250M annual budget for their Formula 1 team.

Purdue...Virginia Tech...???.......sound like rednecks to me