Negotiations

[dudebro]

No national contract back then it wasn't nationwide

The only alternative was the post office or * gasp * carrying your retail purchases home with you. Such a different time. People just stopped getting stuff and no one really knew why. Not like now where ppl track their packages hundreds of times in 3 days and freak out on Reddit if they haven't seen a scan for 10 minutes.

 

[Commercial Inside Release]

@dudebro Where's my truck tires? There should be 6 of them. They were last scanned 10 minutes ago in Chicago.

Also, since you are so upset about stock buy backs, what abought the dozens of parcels of land UPS has been quietly buying throughout the country? Some of them were $1million plus, and they've been at it since the pandemic started.

 

[DOK]

If he gets an offer the negotiating committee is happy with, he’d be stupid not to extend it while we voted

He’ll extend it while we vote, not good look for him if he doesn’t. Remember this is all for the purpose of getting the union in the news these next couple of weeks, step back and look at the big picture. FedEx and Amazon employees are watching and the union knows it, we’re just pawns in this theatre.

 

[Thebrownblob]

He’ll extend it while we vote, not good look for him if he doesn’t. Remember this is all for the purpose of getting the union in the news these next couple of weeks, step back and look at the big picture. FedEx and Amazon employees are watching and the union knows it, we’re just pawns in this theatre.

Mostly Amazon. FedEx is very unlikely in its current form RLA/ Contractor model both of those designations have helped FedEx suppresses its workforce.

 

[DOK]

Mostly Amazon. FedEx is very unlikely in its current form RLA/ Contractor model both of those designations have helped FedEx suppresses its workforce.

After seeing the latest picture on the app, the reality of this whole situation has come to me.

 

[MAKAVELI]

Mostly Amazon. FedEx is very unlikely in its current form RLA/ Contractor model both of those designations have helped FedEx suppresses its workforce.

With the merge of the two OPCOs, a challenge to the RLA status is more of a reality than it was before. If I were the Teamsters, FedEx would be the goal after your contract is done.

 

[Just A UPS Guy]

With the merge of the two OPCOs, a challenge to the RLA status is more of a reality than it was before. If I were the Teamsters, FedEx would be the goal after your contract is done.

Not sure how to overcome the contractor status.

 

[Thebrownblob]

With the merge of the two OPCOs, a challenge to the RLA status is more of a reality than it was before. If I were the Teamsters, FedEx would be the goal after your contract is done.

Still have the contractor model. Even with RLA gone.

 

[MAKAVELI]

Not sure how to overcome the contractor status.

Still have the contractor model. Even with RLA gone.

FedEx will still have a large employee driver and handler workforce. Removing the RLA would make it a slam dunk for organizing locally, especially in pro labor states.

 

[Thebrownblob]

FedEx will still have a large employee driver and handler workforce. Removing the RLA would make it a slam dunk for organizing locally, especially in pro labor states.

Could be true. It’s very cloudy what the outcome of this reorganization will be. Removing the RLA designation? I’ll believe it when I see it.

 

[Up In Smoke]

Mostly Amazon. FedEx is very unlikely in its current form RLA/ Contractor model both of those designations have helped FedEx suppresses its workforce.

UPS stock up 165% since it went public and FedEx stock is up 4,000% in the same time period. Shareholders see those results and desperately want those returns. Sorry Carol, we don't work that way.

 

[dudebro]

@dudebro Where's my truck tires? There should be 6 of them. They were last scanned 10 minutes ago in Chicago.

Also, since you are so upset about stock buy backs, what abought the dozens of parcels of land UPS has been quietly buying throughout the country? Some of them were $1million plus, and they've been at it since the pandemic started.

I'm not upset about buybacks. I just think buybacks are a way for a company to say "We don't have any other good ideas but to buy our own stock". I think one good idea is to reward our employees instead.

As for buying land - I don't have any idea about that. But lets say they're buying strategic pieces of land so we can put distribution centers near highways to make our network more efficient. If that's the case, I don't think that's a bad thing - that's capital expediture and businesses can and should do that.

 

[IVE GOTTA PACKAGE 4U]

I'm not upset about buybacks. I just think buybacks are a way for a company to say "We don't have any other good ideas but to buy our own stock". I think one good idea is to reward our employees instead.

As for buying land - I don't have any idea about that. But lets say they're buying strategic pieces of land so we can put distribution centers near highways to make our network more efficient. If that's the case, I don't think that's a bad thing - that's capital expediture and businesses can and should do that.

I thought it'd be nice if they used some of that buyback money to pay off some debt.

Lots of short-term strategies going on instead of long-term strategies

 

[anonymous23456]

I thought it'd be nice if they used some of that buyback money to pay off some debt.

Lots of short-term strategies going on instead of long-term strategies

Tome does a lot of things that she doesn't tell us. We don't have a big picture about the company except for our job.

 

[dudebro]

I thought it'd be nice if they used some of that buyback money to pay off some debt.

Lots of short-term strategies going on instead of long-term strategies

I hear you about the debt. I know the old-school guys back when I started here regarded any kind of debt (to use Jim Casey's words) "with horror. In it, we saw the death of our organization". Service failures too.

 

[IVE GOTTA PACKAGE 4U]

I hear you about the debt. I know the old-school guys back when I started here regarded any kind of debt (to use Jim Casey's words) "with horror. In it, we saw the death of our organization". Service failures too.

Even though the company is doing well now you can't keep kicking the can down the road.

 

[IVE GOTTA PACKAGE 4U]

UPS stock up 165% since it went public and FedEx stock is up 4,000% in the same time period. Shareholders see those results and desperately want those returns. Sorry Carol, we don't work that way.

Are you including the dividends?
For a long time FedEx barely paid out anything
So I like to know what the real number is if you reinvested them dividends over the past quarter century what would the return be?

 

[dudebro]

Wall St. often operates on the "bust out" model the mob used. It's just legal for Wall St.

Get control of a business, talk them into debt they can finance with either cash flow, or an unrealized asset they're sitting on (like city real estate), so they can "transform" the business.

Pay yourselves consulting fees and bonuses for the infusions of cash along the way, and when the business is bankrupt and banks won't lend them any more money, bust the joint out, i.e. chop the business up and make a commission selling the pieces.

Blame the failure of the company on management (after all, they let you talk them into all the debt), then swim around in the water for the next victim.

 

[Up In Smoke]

Are you including the dividends?
For a long time FedEx barely paid out anything
So I like to know what the real number is if you reinvested them dividends over the past quarter century what would the return be?

UPS has repurchased stocks at a nearly 5/1 ratio compared to FedEx. Those buybacks far outweigh any DRIP program run by UPS or FedEx. UPS buybacks over the last 5 years are greater than FedEx buybacks over the last 25 years.

 

[Up In Smoke]

Tome does a lot of things that she doesn't tell us. We don't have a big picture about the company except for our job.

As the CEO of a publicly traded corporation, she has the legal obligation to divulge all operating strategies. If she is conducting secret meetings and making financial decisions without the full faith of the BODs, she and UPS should be investigated for SEC violations.