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Old 10-25-2022 | 07:40 AM
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Default UPS beats estimates

https://www.reuters.com/business/ups-adjusted-profit-rises-higher-parcel-delivery-prices-2022-10-25/
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Old 10-25-2022 | 07:58 AM
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Originally Posted by kc10/c130
https://www.reuters.com/business/ups-adjusted-profit-rises-higher-parcel-delivery-prices-2022-10-25/
Crazy. Who would have thought good service drives higher profits.
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Old 10-25-2022 | 10:42 AM
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Originally Posted by opt0712
Crazy. Who would have thought good service drives higher profits.
this is the part where someone says all our FedEx problems are driven by the "recession " we all know is here as opposed to gross mismanagement.

Im certain this must be some woke creation of the mainstream media.

Carry on
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Old 10-25-2022 | 10:00 PM
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Originally Posted by opt0712
Crazy. Who would have thought good service drives higher profits.
Seems “Better not Bigger” did work. Totally agree, crazy…
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Old 10-26-2022 | 11:51 AM
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Any chance that maybe the "new" management couldn't resist overestimating while suffering an irresistible urge to look good in their first reporting period without FWS? Beating/missing estimates is largely predicated on being able to estimate. There may be a twofold issue here.

I will say though, that a model built on contractors worries me. See the MEM crew bus contractor as an example of the company's ability to make the contractor perform to any particular level.
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Old 10-26-2022 | 01:20 PM
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Originally Posted by Merle Haggard
Any chance that maybe the "new" management couldn't resist overestimating while suffering an irresistible urge to look good in their first reporting period without FWS? Beating/missing estimates is largely predicated on being able to estimate. There may be a twofold issue here.

I will say though, that a model built on contractors worries me. See the MEM crew bus contractor as an example of the company's ability to make the contractor perform to any particular level.
The Teamsters are looking to organize FedEx and Amazon. Will be interesting to see if it happens.
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Old 10-26-2022 | 04:47 PM
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Originally Posted by Merle Haggard
Any chance that maybe the "new" management couldn't resist overestimating while suffering an irresistible urge to look good in their first reporting period without FWS? Beating/missing estimates is largely predicated on being able to estimate. There may be a twofold issue here.

I will say though, that a model built on contractors worries me. See the MEM crew bus contractor as an example of the company's ability to make the contractor perform to any particular level.
My thoughts to a T.
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Old 10-27-2022 | 06:09 PM
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Originally Posted by Precontact
The Teamsters are looking to organize FedEx and Amazon. Will be interesting to see if it happens.
how can we help?
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Old 10-27-2022 | 06:44 PM
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Originally Posted by Precontact
The Teamsters are looking to organize FedEx and Amazon. Will be interesting to see if it happens.
The real problem is FedEx operating three separate networks: Express, Ground and Freight. The investors and the market are dictating the networks be combined and the inefficiencies removed from the system. Should that happen company wide (hence Network 2.0 and possibly Network 3.0 as Raj has said), will UPS challenge FedEx's "airline" status under the RLA?

If FedEx employees become subject to the NLRA, FedEx will cancel as many airplane options and orders it can out of spite. Don't believe me? They state exactly that in every earnings report. It FS's poison pill to Congress should they change the rules.

Right now the contractor setup of Ground prevents unionization as well as the contract between the Ground contractors and FedEx. Until the networks get combined, and Congress is persuaded by UPS, I don't see any other group at FedEx unionizing while the RLA is applied to FedEx. The RLA makes it too difficult.
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Old 10-27-2022 | 08:33 PM
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Originally Posted by PurpleToolBox
I don't see any other group at FedEx unionizing while the RLA is applied to FedEx. The RLA makes it too difficult.
I bet you’ll see the dispatchers make another run at it before long, and I’m betting this time they’ll actually succeed.
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