Fred Smith predicts gloom and doom

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09-21-2019, 08:51 AM

#11

opt0712

Gets Weekends Off

Joined APC: Aug 2012

Posts: 670

Quote:

Originally Posted by BoilerUP

Oft overlooked in all the talk of earnings misses and stock prices, FDX reported net income of $745M for Q1’FY20.

Agreed. Analysts are doing everything they can to cast stones at FedEx to quiet the talk of a slowing and possibly uncertain economy.

09-21-2019, 10:19 AM

#12

FrankTheTank

Fill'er Up Again

Joined APC: Jun 2008

Position: Scarebus Captain

Posts: 1,089

Quote:

Originally Posted by MEMA300

Its not time to dust of the resume but there will be some belt tightening around here and GEEZ lets stop hiring. 4.a.2.b. Sucks. Dont want to go thru that again.

No Chit.. Everybody I talk to has forgotten those days and are heads in the sand..

09-21-2019, 10:29 AM

#13

Bruno82

Gets Weekends Off

Joined APC: Feb 2007

Position: BE9L, Captain

Posts: 419

Quote:

Originally Posted by MEMA300

Its not time to dust of the resume but there will be some belt tightening around here and GEEZ lets stop hiring. 4.a.2.b. Sucks. Dont want to go thru that again.

Can someone enlighten me about this?

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09-21-2019, 11:45 AM

#14

Fdxlag2

Gets Weekends Off

Joined APC: Nov 2016

Posts: 936

Quote:

Originally Posted by Bruno82

Can someone enlighten me about this?

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It lowers our guarantee from 68/85 hours (4 week/5 week bid month) to essentially 64/80 or as low as 56/70. There are rules that come into play to spread the lack of wealth. It is intended to prevent furloughs and did so. The one time it was implemented certain seats suffered a lot more than others, particularly the Domestic lines.