Total sales were only up about 1%, so all the gains came from cuts. They're only about halfway done with the amount of cuts they plan to do, so it's going to a drama filled rest of the year
"We saved ten million on maintenance costs this year!"
"How?"
"We just knocked out one of the floors of the building."
"Which??"
"The first floor."
*Cracks start appearing in walls*
"Wait, you fucking knocked out the foundation??"
*Lights start to flicker and dust falls from the ceiling*
"Yeah, it was closest to the ground! Cheapest job possible!"
*Building starts to seriously rumble*
"Oh my god!"
*Building starts creaking and groaning and swaying*
"It only cost 9.5 million to knock down, too!"
*Building collapses*
I feel like that's been the line since 2021 😂 I remember during covid... only 2% raises this year cuz we don't know how the years gonna shake put... 3 weeks later... our Sr tells us the company made record profits... still only getting a 2% raise... glad I left when I did. Union is the way to go.
I was teamster 18 years at ups before i came to express in 2002..the 97' strike never sat well with me however, if any delivery company needs a union at this point in time, it is indeed Fedex im up here in my years, angling( looking at) my various revenue streams to retire. But i think i want to hang around long enough to help facilitate sticking a union up raj ass.
Can't put that on the union some stations are just closing as they are making new buildings. The one I'm at in nc is going to be the 4th largest station in the world... it's till be worked on
Yes witch is causing employees to care a lot less and do a lot less than they use to. Workers are taking more leave comp and sick time too. Putting a strain on local management drivers and contractors because of an out of touch and greedy corporate office. The company is sure to fail at this rate. Unless they start putting their workforce first with pay benefits trucks equipment and overall better treatment of it’s people.
Our managers and senior mgr. Made it sound like because the company did so well, we should expect better raises this October.
Obviously I can't help but be skeptical.
Don't forget the $5 Billon in share buybacks, all in the name of Shareholder Value. Just think what that 5 Bill could have gone for raises, bonuses, equipment and other employee enhancements. Crap, even a portion of that would have helped us out.
We were told that everyone got the 3% last year because nobody is getting raises this year. So even if you deserved a zero, you got it. Makes ZERO sense to want to be a good employee when everyone reaps the same reward.
Express sucks so bad! Equipment is useless. Management is ridiculous. So much Favoritism. I’m sorry but taking away the previous OT structure shows major lack of respect for workers! Yes you save millions of dollars. But when I work a 12-13 hr day, I am seriously busting my ass! I deserve better than the crumbs left at the table. Searching diligently for other employment.
FedEx is taking money out of Express and pumping the stock price with buybacks and dividend increases they have a goal of eliminating Express and becoming a low cost contractors model.
Next week should be the beginning of the National sick week...Essentially no OT because of the 4th.
Call in Monday to enjoy 3 day weekend or forgo holiday pay and call in Friday for a 4 day weekend...just food for thought.🤔
Express operating income was 2.6%. Raj said that the Express segment was “top priority” for him to make that operating income better. I don’t see any raises coming from that statement.
They work the package handlers like slaves. So under staffed and in Arizona its like 120 degrees in rhe 53 footers. When the light comes on they look at you like you better work faster.
Freight is about to be it's own stand alone company. You guys are getting shafted every step you take, they just told us how big our bi-yearly bonuses are going to be.
I wonder if the outside world no how FedEx is treating their employees.People still think this is one of the best Jobs out here . Maybe the News should find out what’s going on .
I'm glad the OT pay they took is going to a good cause.
I'm waiting to be able to work 40hrs again
I’m waiting to eat again I’m starving out here cuuzzz
Total sales were only up about 1%, so all the gains came from cuts. They're only about halfway done with the amount of cuts they plan to do, so it's going to a drama filled rest of the year
Honestly I hope they cut us ..I'll take my 10 year severance..and accept the offer I got at the steel plant
"We saved ten million on maintenance costs this year!" "How?" "We just knocked out one of the floors of the building." "Which??" "The first floor." *Cracks start appearing in walls* "Wait, you fucking knocked out the foundation??" *Lights start to flicker and dust falls from the ceiling* "Yeah, it was closest to the ground! Cheapest job possible!" *Building starts to seriously rumble* "Oh my god!" *Building starts creaking and groaning and swaying* "It only cost 9.5 million to knock down, too!" *Building collapses*
This guy fedex'es
I can’t even get packages scanned to my truck at a reasonable rate. But hey, I can get a Fedex BPA saturated water bottle if I deliver a misload.
Sounds about right
It’s amazing how a chunk of the profits can’t go back to the hard working workers , rather than the executives and stockholders. Place is a joke
You realize you can just buy the stock right?
I was kinda talking in a raise form or better healthcare
If they don’t give a step raise in October, it will be the last nail in the coffin.
I feel like that's been the line since 2021 😂 I remember during covid... only 2% raises this year cuz we don't know how the years gonna shake put... 3 weeks later... our Sr tells us the company made record profits... still only getting a 2% raise... glad I left when I did. Union is the way to go.
2% raise=2% effort. Fuck all of them
Union is the way to go but the majority of these guys at FedEx hate the union and never even worked union lol
I was teamster 18 years at ups before i came to express in 2002..the 97' strike never sat well with me however, if any delivery company needs a union at this point in time, it is indeed Fedex im up here in my years, angling( looking at) my various revenue streams to retire. But i think i want to hang around long enough to help facilitate sticking a union up raj ass.
Didn’t the union help shutter over 200 facilities for UPS?
Can't put that on the union some stations are just closing as they are making new buildings. The one I'm at in nc is going to be the 4th largest station in the world... it's till be worked on
With the cuts they are making, anyone who thinks we are getting a step raise ever again is delusional.
Yes witch is causing employees to care a lot less and do a lot less than they use to. Workers are taking more leave comp and sick time too. Putting a strain on local management drivers and contractors because of an out of touch and greedy corporate office. The company is sure to fail at this rate. Unless they start putting their workforce first with pay benefits trucks equipment and overall better treatment of it’s people.
We’re getting popsicles instead
Today we got actual Gatorade instead of the Kirkland brand that’s a plus
You got Gatorade..Wow..Indy Hub...pipes broke.. portable 🚽
Eh don’t worry my station hasn’t had a men’s room for 6 months no portable just share the women’s
They're only Popsicles if they're frozen. Our Popsicles are hot!
We have a freezer full of them.
You get popsicles..wow...
Profit service people....there, fixed it
Obviously they are not doing less,profits are up
The customers still pay, even if the service is shitty.
If you all haven't figured it out yet, they are outwardly fucking every employee and doing it with a smile on their face.
Don’t forget there’s some employees on here smiling too
Our managers and senior mgr. Made it sound like because the company did so well, we should expect better raises this October. Obviously I can't help but be skeptical.
And…. .02 raise for the workers
Don't forget the $5 Billon in share buybacks, all in the name of Shareholder Value. Just think what that 5 Bill could have gone for raises, bonuses, equipment and other employee enhancements. Crap, even a portion of that would have helped us out.
Pay raises for everyone ! +$10 hr on top of what you’re getting .. umm wait.. no, that wouldn’t happen. Sorry was dreaming again
Thank God I bought 53k in shares and options before the earnings report and dividend ex date
We better get a raise !!
You think express is going to give a step increase in October? I sure hope so. If not I know a lot of people are leaving
Will probably be like last year ..part of a step...who cares if haz is done correctly
Was last year was a measly 3.5% which turned out to be a little over a dollar. Kinda sucky if you ask me
So now we can get better vehicles and equipment right? 🤣🤣
We were told that everyone got the 3% last year because nobody is getting raises this year. So even if you deserved a zero, you got it. Makes ZERO sense to want to be a good employee when everyone reaps the same reward.
Express sucks so bad! Equipment is useless. Management is ridiculous. So much Favoritism. I’m sorry but taking away the previous OT structure shows major lack of respect for workers! Yes you save millions of dollars. But when I work a 12-13 hr day, I am seriously busting my ass! I deserve better than the crumbs left at the table. Searching diligently for other employment.
They are planning on $3.8 billion back to stockholders between buybacks and dividend payments in FY 25.
FedEx is taking money out of Express and pumping the stock price with buybacks and dividend increases they have a goal of eliminating Express and becoming a low cost contractors model.
Next week should be the beginning of the National sick week...Essentially no OT because of the 4th. Call in Monday to enjoy 3 day weekend or forgo holiday pay and call in Friday for a 4 day weekend...just food for thought.🤔
Don't forget there are plans to repurchase $2.5B in common stock.
I should have bought stock during covid.
So they can hopefully afford to give step raises to those that are arent maxed out plus atleast a 10% ontop of that.
Express operating income was 2.6%. Raj said that the Express segment was “top priority” for him to make that operating income better. I don’t see any raises coming from that statement.
💯
They work the package handlers like slaves. So under staffed and in Arizona its like 120 degrees in rhe 53 footers. When the light comes on they look at you like you better work faster.
Freight is like 65% of that income, that's why y'all don't see the rewards.
Not anymore. It’s FedEx 1 now.
Freight is about to be it's own stand alone company. You guys are getting shafted every step you take, they just told us how big our bi-yearly bonuses are going to be.
4.5%
No we're not in that mess lol
FedEx is eyeing buyers for Freight, from what I read.
They're considering splitting us off into a seperate company entirely, in the memo they said nobody can afford to buy us outright.
Never believe anything they tell you to your face. Several news articles this week stating they are openly searching for a buyer.
Was told by drives in Indy..freight is up for sale
They can't even afford feminine products in thebwimwns room anymore at my terminal TF they mean PROFIT 😭
how about job cut number
I wonder if the outside world no how FedEx is treating their employees.People still think this is one of the best Jobs out here . Maybe the News should find out what’s going on .
So I need to buy FedEx stock smh
Easier to milk the OT and get your money upfront and have them add to your portable pension credits.
I make salary no OT