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FDX - Some good news for a change

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FDX - Some good news for a change

Old 07-06-2009, 10:08 AM
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Default FDX - Some good news for a change

FedEx sees first signs for H2 turnaround -report | Markets | Markets News | Reuters

From the article ... (below)

He added that FedEx was aiming to save about $1 billion in its current financial year by, for example, taking out high fuel consuming planes, and by cutting working hours and maintenance costs.

Last edited by MaydayMark; 07-06-2009 at 10:19 AM.
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Old 07-06-2009, 12:39 PM
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Can you say 4a2b?

Nice, I got a 20% pay cut, the 757 got a 20% pay raise.
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Old 07-06-2009, 01:46 PM
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Someone ran the numbers and figured a 757 FO lineholder was making more than a widebody Capt on reserve.

.. something we negotiated on purpose?
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Old 07-06-2009, 02:33 PM
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Originally Posted by jagplt View Post
Someone ran the numbers and figured a 757 FO lineholder was making more than a widebody Capt on reserve.

.. something we negotiated on purpose?

And I bet the 757 guys can't drop trips either.

This will be looked at when the Arbitrator decides to get involved.
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Old 07-06-2009, 04:52 PM
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I'm thinking about upgrading to the 757. An easy 30K+ increase. It might be worth doing despite 2 more career training cycles. I seriously doubt this inverted pay-scale will change much over the next 18-24 months. I just don't see it. Management will milk this right through openers and beyond. Economic recovery -- ha.
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Old 07-06-2009, 09:25 PM
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Originally Posted by jagplt View Post
Someone ran the numbers and figured a 757 FO lineholder was making more than a widebody Capt on reserve.

.. something we negotiated on purpose?
Is that true? Dang it, we need those 757 lines here at Big Brown.... Just keedin' folks.. Well, kind of...
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Old 07-07-2009, 03:33 PM
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Originally Posted by jagplt View Post
Someone ran the numbers and figured a 757 FO lineholder was making more than a widebody Capt on reserve.

.. something we negotiated on purpose?
Sounds about right. 757 in July has some 99+ CH lines and some of those have c/o too.

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Old 07-07-2009, 03:48 PM
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Originally Posted by KnightFlyer View Post
Sounds about right. 757 in July has some 99+ lines and some of those have c/o too.

I'm not sure what you folks are complaining about? My RB line pays almost 72 hours for our July 5 week (18 R days) bidmonth
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Old 07-07-2009, 08:13 PM
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Thumbs up Transportation Industry Turning Around ???

Imarda reports strong result; says transport industry turning around | The National Business Review - New Zealand - business, markets, finance, politics, property, technology and more

Imarda reports strong result; says transport industry turning around

Chris Keall | Wednesday July 8 2009 - 08:07am

New Zealand fleet management and vehicle-tracking company Imarda expects a jump in revenue and profit for the first half of 2009 - in part thanks to a big FedEx deal - and says it saw a lift in confidence in the global transportation sector during Q2 after a Q1 decline.

The privately-held Imarda said it is on track to register a big lift in revenue and profit for the first half of 2009.

"With total revenue of $US7.8 Million ($NZ12.5 million) for the half year and combined margins of approximately 53%, ebitda in excess of $US2.6 million ($NZ4.2 million) for the half year is expected," said CFO Claire Mitchell.

Imarda has seen a significant lift in confidence in the global transportation sector during Q2 of 2009 and, as a result, its order book is building again after a marked decline in Q1, 2009, said chief executive Selwyn Pellett.

Debt retired
Imarda, which bill itself as an Australasian company and maintains offices in Auckland, Sydney, Perth, Singapore, the US and the UK, was founded byMr Pellett, an Auckland-based entrepreneur in May 2007.

It established its real-time GPS fleet tracking product suite through its $A6.6 million acquisition of Australian fleet management and tracking specialist SmartTrack in July 2007, and its $7.59 million acquisition of New Zealand telematics hardware specialist Prolifix during the same month.

Mr Pellett said he pleased with the company’s growth through the recent economic turmoil, which has allowed it to retire all debt associated with the SmartTrack and Prolifix acquisitions.

Imarda scored some large deals during the second half of 2008, including a $12 million, multi-year deal with a US freight company believed to be FedEx, as well as multi-million dollar contracts with an Australian FMCG trucking company, and Australian construction conglomerate Boral.

These wins in turn helped Imarda ship around 9000 units of its telematics hardware during 2009. The hardware, which uses both Imarda’s own software and third party systems including Google Maps, helps track the real-time location of trucks, the state of their engine and whether their load is secure.

A second company in Mr Pellett’s stable, networking technology maker Endace, listed on London’s AIM, also recently recorded a solid result, with its full-year profit increasing to $US4.7 million from a year-ago $US4.5 million on revenue that rose 25% to $US30 million.

Endace's shares (AIM: EDA) have subsequently begun to recover some ground after a brutal 12-months that saw the company beaten down alongside nearly all tech stocks.
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Old 07-07-2009, 10:17 PM
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Fdx: On an absolutely different subject, has anyone recently gone into the sim for landing currency? I have vacation and mil commitments coming up and I might get close. Who do you call and what kind of harrassment can I expect? I was told (hopefully another bad crew bus rumor) that you get a full PC even if you haven't gone noncurrent. Thanks in advance for your help.
I would have started a new thread, but figured this wasn't interesting enough to warrant it.
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