12-19-24 Earnings call: highlights
12-19-2024 | 02:49 PM
#1
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12-19-24 Earnings call: highlights
RAJ
"Transformation" under way! Very exciting
Redesign of "Tricolor" global air network
FedEx and FedEx Freight will be separated within 18 months
DRIVE = achieving improved routing to Europe
International air network design philosophy = improved asset utilization
BRIE, EVP
Fedex Express Revenue is essentially flat
FedEx Freight Revene down 11%
JOHN D, EVP
Soft global economy constrained results
No USPS Contract = 60% reduction of daytime flying
Air Network Cost savings = $180M in Q2
FY Outlook cut
Q/A
Evie: majority of FedEx freight is negotiated contracts which are reupped every year.
Raj: data first, digital mindset to solve problems. This "powers our execution" etc. Transformation !
"Transformation" under way! Very exciting
Redesign of "Tricolor" global air network
FedEx and FedEx Freight will be separated within 18 months
DRIVE = achieving improved routing to Europe
International air network design philosophy = improved asset utilization
BRIE, EVP
Fedex Express Revenue is essentially flat
FedEx Freight Revene down 11%
JOHN D, EVP
Soft global economy constrained results
No USPS Contract = 60% reduction of daytime flying
Air Network Cost savings = $180M in Q2
FY Outlook cut
Q/A
Evie: majority of FedEx freight is negotiated contracts which are reupped every year.
Raj: data first, digital mindset to solve problems. This "powers our execution" etc. Transformation !
12-20-2024 | 05:06 AM
#2
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Joined: Aug 2024
Posts: 905
Likes: 288
RAJ
"Transformation" under way! Very exciting
Redesign of "Tricolor" global air network
FedEx and FedEx Freight will be separated within 18 months
DRIVE = achieving improved routing to Europe
International air network design philosophy = improved asset utilization
BRIE, EVP
Fedex Express Revenue is essentially flat
FedEx Freight Revene down 11%
JOHN D, EVP
Soft global economy constrained results
No USPS Contract = 60% reduction of daytime flying
Air Network Cost savings = $180M in Q2
FY Outlook cut
Q/A
Evie: majority of FedEx freight is negotiated contracts which are reupped every year.
Raj: data first, digital mindset to solve problems. This "powers our execution" etc. Transformation !
"Transformation" under way! Very exciting
Redesign of "Tricolor" global air network
FedEx and FedEx Freight will be separated within 18 months
DRIVE = achieving improved routing to Europe
International air network design philosophy = improved asset utilization
BRIE, EVP
Fedex Express Revenue is essentially flat
FedEx Freight Revene down 11%
JOHN D, EVP
Soft global economy constrained results
No USPS Contract = 60% reduction of daytime flying
Air Network Cost savings = $180M in Q2
FY Outlook cut
Q/A
Evie: majority of FedEx freight is negotiated contracts which are reupped every year.
Raj: data first, digital mindset to solve problems. This "powers our execution" etc. Transformation !
12-29-2024 | 08:15 AM
#3
Aspiring PSA Captain
Joined: Sep 2020
Posts: 1,147
Likes: 205
for what it’s worth, the chief investment officer of kkr was just on cnbc and said “with FedEx, one of big investment ideas is this whole idea of companies going from capital heavy to capital light. What did FedEx just tell you? They’re going to make their capital structure more efficient.”
Real company built by real people slowly gutted to become virtual company that slowly dies as consumer realizes the effects of company not actually existing in the physical world.
Pesky "capital assets" are turned into money and given as handouts to shareholders. Brand name (built by capital assets and people) also bled dry and turned into shareholder handouts.
Mission complete.
12-29-2024 | 09:59 AM
#4
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Joined: Nov 2017
Posts: 781
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From: Wichita
Translated:
Real company built by real people slowly gutted to become virtual company that slowly dies as consumer realizes the effects of company not actually existing in the physical world.
Pesky "capital assets" are turned into money and given as handouts to shareholders. Brand name (built by capital assets and people) also bled dry and turned into shareholder handouts.
Mission complete.
Real company built by real people slowly gutted to become virtual company that slowly dies as consumer realizes the effects of company not actually existing in the physical world.
Pesky "capital assets" are turned into money and given as handouts to shareholders. Brand name (built by capital assets and people) also bled dry and turned into shareholder handouts.
Mission complete.
-Brownstain
12-29-2024 | 02:10 PM
#6
Gets Weekends Off
Joined: Dec 2021
Posts: 558
Likes: 0
Translated:
Real company built by real people slowly gutted to become virtual company that slowly dies as consumer realizes the effects of company not actually existing in the physical world.
Pesky "capital assets" are turned into money and given as handouts to shareholders. Brand name (built by capital assets and people) also bled dry and turned into shareholder handouts.
Mission complete.
Real company built by real people slowly gutted to become virtual company that slowly dies as consumer realizes the effects of company not actually existing in the physical world.
Pesky "capital assets" are turned into money and given as handouts to shareholders. Brand name (built by capital assets and people) also bled dry and turned into shareholder handouts.
Mission complete.
12-30-2024 | 09:33 AM
#7
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Joined: Dec 2024
Posts: 27
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I wonder if Raj is in favor of H1B visas for pilots? Pretty ironic how many MAGA voters that inhabit the ranks of the pilot group at FX that apologize for the biggest bunch of globalists who run FX. The people that this company lobbies in Washington are some of the worst who inhabit that town. Welcome to the new FX.
12-30-2024 | 02:43 PM
#8
Gets Weekends Off
Joined: Jun 2006
Posts: 2,253
Likes: 0
12-30-2024 | 05:12 PM
#10
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Joined: Aug 2012
Posts: 781
Likes: 14
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