FedEx to buy rival TNT Express for €4.4bn
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Runincolorado
Well-Known Member
I was wondering when that was going to happen.
A Life Aloft
Well-Known Member
FedEx Corp. Reports Strong Third Quarter Earnings Growth
FedEx Corp. reported earnings of $2.01 per diluted share for the third quarter ended February 28, compared to $1.23 per share last year.
“We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “We believe our strategy is sound, our culture is unique, and our customers value our broad portfolio of business solutions.”
Third Quarter Results
FedEx Corp. reported the following consolidated results for the third quarter:
Now if Fred would only give his pilots a contract...............
MEMPHIS, Tenn., Mar 02, 2015 (BUSINESS WIRE) -- In a strong show of support of their union Negotiating Committee, hundreds of FedEx pilots, represented by the Air Line Pilots Association, Int’l (ALPA), participated in a contract rally on Sunday, March 1, 2015. With a turnout of more than 700 pilots, the group demonstrated their dissatisfaction with FDX management’s approach to bargaining.
The parties have been actively negotiating since 2011. Discussions started in 2011 under a special interim discussions agreement that had originally been made by both parties to assist in narrowing the field of open items in order to conclude formal bargaining in a timely manner. Formal bargaining began in January 2013 when the collective bargaining agreement reached its amendable date. On October 31, 2014, FedEx management filed for mediation with the National Mediation Board, which resulted in no bargaining for the remainder of 2014.
“The timeline is ugly. Management has had an abundance of time to fully develop an agreement that is fair and respectful to the pilots who significantly contribute to the corporation’s success,” said FedEx ALPA Master Executive Council chairman Captain Scott Stratton. He continued, “Our pilots are unhappy with the fact that these negotiations have not concluded. They know how much time has passed, and they fully understand that management has become the impediment. It’s past time to get this bargaining done. This prolonged negotiation is doing damage to the corporate/pilot relationship. It is up to management to get back on the right track.”
FedEx Corp. reported earnings of $2.01 per diluted share for the third quarter ended February 28, compared to $1.23 per share last year.
“We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “We believe our strategy is sound, our culture is unique, and our customers value our broad portfolio of business solutions.”
Third Quarter Results
FedEx Corp. reported the following consolidated results for the third quarter:
- Revenue of $11.7 billion, up 4% from $11.3 billion the previous year
- Operating income of $962 million, up 50% from $641 million last year
- Operating margin of 8.2%, up from 5.7% the previous year
- Net income of $580 million, up 53% from last year’s $378 million
Now if Fred would only give his pilots a contract...............
MEMPHIS, Tenn., Mar 02, 2015 (BUSINESS WIRE) -- In a strong show of support of their union Negotiating Committee, hundreds of FedEx pilots, represented by the Air Line Pilots Association, Int’l (ALPA), participated in a contract rally on Sunday, March 1, 2015. With a turnout of more than 700 pilots, the group demonstrated their dissatisfaction with FDX management’s approach to bargaining.
The parties have been actively negotiating since 2011. Discussions started in 2011 under a special interim discussions agreement that had originally been made by both parties to assist in narrowing the field of open items in order to conclude formal bargaining in a timely manner. Formal bargaining began in January 2013 when the collective bargaining agreement reached its amendable date. On October 31, 2014, FedEx management filed for mediation with the National Mediation Board, which resulted in no bargaining for the remainder of 2014.
“The timeline is ugly. Management has had an abundance of time to fully develop an agreement that is fair and respectful to the pilots who significantly contribute to the corporation’s success,” said FedEx ALPA Master Executive Council chairman Captain Scott Stratton. He continued, “Our pilots are unhappy with the fact that these negotiations have not concluded. They know how much time has passed, and they fully understand that management has become the impediment. It’s past time to get this bargaining done. This prolonged negotiation is doing damage to the corporate/pilot relationship. It is up to management to get back on the right track.”
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