Friday, June 29, 2007



FedEx Corp. truck drivers would be able to join unions more easily under U.S. legislation being sought by United Parcel Service Inc. and organized labor groups.
The proposal may be added to a U.S. House bill to fund the Federal Aviation Administration,according to Rep. Steve Cohen, D-Tenn,who opposes the idea. A House panel is set to vote Thursday on the FAA bill.
The plan would put FedEx's Express unit under the same law as UPS.

Funny that a Rep. from Tenn. would be against this bill.Since corporate offices are in Tenn. Doesn't matter what political party it is, when you have deep pockets!



Anonymous said...

When companies like Wal-Mart are setting the standard, we have to ask: Do we want to live in a country where the largest employer pays below poverty-level wages, whose workers cannot afford health care?” says Paul Blank, chief spokesperson of Wake Up Wal-Mart, the United Food and Commercial Workers’ new campaign to change the company’s practices. “Or do we want Americans to enjoy a decent income and a sense of security in return for their work?”

Costco v. Wal-Mart: How They Stack Up

Global Workforce
Wal-Mart: 1.6 million associates
Costco: 113,000 employees

U.S. Workforce
Wal-Mart: 1.2 million
Costco: 83,600

U.S. Union Members
Wal-Mart: 0
Costco: 15,000

U.S. Stores
Wal-Mart: 3,600
Costco: 336

Net Profits (2004)
Wal-Mart: $10.5 billion
Costco: $882 million

CEO Salary + Bonus (2004)
Wal-Mart: $5.3 million
Costco: $350,000

Average Pay
Wal-Mart: $9.68/hour
Costco: $16/hour

Health Plan Costs
Wal-Mart: Associates pay 34% of premiums + deductible ($350-$1,000)
Costco: Comprehensive; employees pay 5-8% of premiums

Employees Covered By Company Health Insurance
Wal-Mart: 48%
Costco: 82%

Employee Turnover (estimate)
Wal-Mart: 50%
Costco: 24%

Sources: Wal-Mart, Costco, Business Week,

Anonymous said...

( Fedex you are not alone to form a union united we stand)
First of all, we baristas and supervisors need to become a union. If all of us got together and actually made it happen, most of the tragedies we hear on this web site can be eliminated. Being fired or demoted is the worst thing that can happen to a person after years of hard work and dedication. Why does *bux change managers all the time?? I've actually been with the company for only 3 years and I've already had 9 managers coming and going. It's too much pressure for us to adjust to new management. What's with getting only 10~20hrs/week for baristas and supervisors? Many of the partners at my store need hours and managers keep hiring and hiring new partners!!! Someone please explain to me why this company went from great to $h*tty? I used to love working at *bux but now it's so depressing to hear from partners how $h*tty their day was.

Anonymous said...

Mr. Bean---I am all for baristas and shift supervisors going union. Call your local Teamsters office. The 10-20 hours per week is done so Starbucks will not have to pay health benefits to their partners---Starbucks keeps hiring so that they can save money and make a profit. Starbucks is NOT a great place to work. It is a JOKE.
Thanks fedex for allowing us to express ourself here is our website

Anonymous said...

FedEx Corp. posted a 7 percent increase in fourth-quarter profit Wednesday on higher revenue but said a sluggish U.S. economy dampened business.

The shipping giant forecast earnings growth in fiscal year 2008 below the company's long-term 10- to 15-percent target, in part because of planned investments necessary for the company's long-term health.

But FedEx said its own economists predict a bit of an economic upturn later this year.

'A weakened U.S. market is limiting demand for transportation services, but we expect the economy to show modest, year-to-year improvement beginning in late summer or early fall,' FedEx president and CEO Frederick W. Smith said in a conference call with market analysts.

Its shares rose more than 2 percent in midday trading.

FedEx reported earnings of $610 million, or $1.96 per share for the three months ended May 31, up from $568 million, or $1.82 per share, a year ago.

The latest results included a gain of 6 cents per share from a settlement with Airbus following an order cancellation for A380 aircraft. Without the gain, the company earned $1.90 per share for the quarter.

Revenue rose 8 percent to $9.15 billion from $8.49 billion.

Analysts surveyed by Thomson Financial were looking for a profit of $1.95 per share on revenue of $9.16 billion. FedEx had predicted it would earn $1.93 to $2.08 a share, including the gain on the Airbus settlement.

For all of fiscal 2007, FedEx earned $2.02 billion, or $6.48 a share, up from $1.81 billion, or $5.83 a share, the previous year. Revenue rose to $35.2 billion from $32.3 billion a year earlier.

'Our net income was more than $2 billion, largely because the payoff of our global investment helped offset the headwind of a slowing U.S. economy,' Smith said. 'We remain optimistic about prospects for global economic growth and will continue to invest in projects critical to strong long-term financial performance.'

U.S. businesses have drawn down inventories for several financial quarters, Smith said, but FedEx expects that to begin turning around soon.

'Obviously, the big wild card in this whole thing is the price of fuel,' he said. 'You can't take hundreds of billions of dollars out of the U.S. consumer's pocket _ which are then not recycled through out economy _ and not have it have an effect.'

FedEx projected profits of $1.45 to $1.60 per share for the first quarter, and $7 to $7.40 per share for the full fiscal year 2008.

On average, analysts surveyed by Thomson Financial predict quarterly earnings of $1.60 per share and full-year profit of $7.33 per share.

Shares of FedEx rose $2.49, or 2.3 percent, to $110.55 in midday trading.