We Are Not Worth 1 %
 

Fact: The company values this TA at 1.7 Billion dollars over the next six years….
Fact: FedEx had 47.4 Billion dollars in revenue this year…
Fact: FedEx had 2.57 net adjusted income this year.

Simple math, 47.4 x 6yrs = 284.4 Billion in revenue over the life of the contract.

1.7 Billion is .59% of the revenue FedEx will receive over the next six years…not counting growth or the TNT merger aspects.

The company values the work we do at less than a 1% increase in the operating revenue over the term of the agreement. Pathetic.

I commend the NC for the work they’ve done, they’ve worked hard, but now it’s time to put in fresh crew. When I watch the TA Q&A videos, and see the ALPA National R&I chairman defending the company’s position on why they can’t afford to increase the A fund or B fund, I know it’s time for a new team.

Our work rules have not improved, but the company’s profits have. Either improve our work rules, or justly increase our compensation—10/3/3/3/4/3 will not cut it. And until someone has walked a mile in our hub turning shoes, no one can say we’re asking for too much…

1% is not asking too much.

My vote is NO.

It's actually 1.7 billion over 8+ yrs. you should include the years since our contract became amendable.

I see this is your first post. I hope you are part of a growing number of us that think this TA is substandard.

+1 hmj . . .

I know you were trying to keep it simple, but the following should not be counted in the 1.7 B:

Signing Bonus and B fund contributions (back pay)
SLB (not eligible for ALL pilots and should be seen as a manning fix)
Advance Notice for Retirement(ditto)

I have no problem with you or anyone else voting no. Free country, vote as you see fit. But please learn the difference between revenue and income and what Express contributes to the bottom line before you post such meaningless crap.

Or ... 1.7B over 10 years if you count the 2 extra years negotiating the NEXT TA!*?

Is this TA "Your Brain on Drugs?"


:confused:

Thanks for the business lesson. You need one too. Express is not a separate business. Last time I checked there is one corp - FDX. You cannot separate the two as much as management would like you to when valuing your contributions. Ground is delivering packages that entered the system from Express. If the corp wants to waste money delivering my neighborhood with two different colored trucks, so be it. Without Express there is no Ground, Office, Custom Critical, Freight...TNT...

Maybe we should pay less to the guy who flies DSM than the guy who flies ORD because he doesn't carry as much high value freight.http://www.airlinepilotforums.com/im...cons/icon6.gif

Even better - let's pay the MD guy that only caries 40K on his jet less than the 757 guy carrying 45K! :eek:

This is the most uninformed post concerning the structure of FDX I have ever seen, even on APC!!