FedEx to go on strike Friday

[AB831]

I used to make a 7 digit per year salary------if you included the cents.

lmao....in that case, i'm making 7 figures too.

 

[HedleyLamarr]

How'ed the strike go?

Oh that was today? I forgot.

 

[Maui]

That's the problem. FedEx seems to be having a ton of volume, but they won't give anyone an "essential pay" spiff. And I can almost guarantee you when raises come out in October that the company will use this coronavirus as an excuse to not give any raises again.

Is US volume for Express up or down? Worldwide? What about expenses?

 

[MAKAVELI]

Is US volume for Express up or down? Worldwide? What about expenses?

When was the last time FedEx didn't make a profit in a quarter?

 

[Maui]

When was the last time FedEx didn't make a profit in a quarter?

FedExCorp? May 2019 Net Income was -$1.97b, but operated at profit
Operating Losses? Q4 FY09
Express also had an operating loss Q4 FY09

 

[MAKAVELI]

FedExCorp? May 2019 Net Income was +$1.32b, but operated at profit
Operating Losses? Q4 FY09
Express also had an operating loss Q4 FY09

fixed it for you

 

[Maui]

fixed it for you

That's a negative. You're using the adjusted number. The GAAP number is the actual reported number and what I wrote is correct.
FedEx uses the adjusted number to exclude various charges. These expenses/charges aren't included in the FY18 and FY19 adjusted figure, but must reported for accepted accounting principles:

• The fiscal 2019 and 2018 year-end MTM retirement plan accounting adjustments for our defined benefit pension and other postretirement plans;
• TNT Express integration expenses incurred in fiscal 2019 and 2018;
• Business realignment costs incurred in fiscal 2019;
• Fiscal 2019 charges related to a legal matter involving FedEx Ground;
• Net U.S. deferred tax liability remeasurement during fiscal 2018 and the fiscal 2019 revision to the remeasurement;
• FedEx Supply Chain goodwill and other asset impairment charges incurred in fiscal 2018; and
• Fiscal 2018 charges related to certain U.S. Customs and Border Protection matters involving FedEx Logistics.