Posted on 09/14/2010 6:35:02 PM PDT by jessduntno
Some have maintained that if those workers are allowed to unionize that the cost would be thousands of dollars per employee per month. Those costs are not necessarily just out-of-pocket costs based upon the potential of higher wages and higher benefits, but include the opportunity cost of less business per employee. It is a safe bet that calculations vary greatly from source to source.
There is a risk of jobs cuts at stake and there is the issue of a per-employee cost… An article from Scripps in 2009 noted, “Thousands of FedEx’s 290,000 employees would be affected and some analysts say the company’s expenses would increase 30 percent as a result of unionization.”
The silver lining for shareholders is the dividend implications if this labor issue is resolved. We noted after the dividend was just raised that FedEx’s dividend could stand to be greatly raised. Then FedEx will need to catch up to UPS in its dividend. At the time of the hike, FedEx’s dividend yield was brought to about 0.62% versus nearly 3% for shareholders of rival UPS.
Taking either side of the argument for or against unions is a tricky case. Management wants things the way they are now. A union often demands more for labor. Anyhow, you know the arguments on each side. As far as how things turned out with the stock being the judge… FedEx shares closed up $0.04 at $78.11, but they were down at the lows of the day at $77.13 around the time that the comments made by Rockefeller hit the tape.
If you ask why FedEx might have been part of reason for the rally rationale… It is rather simple, even if the argument does not want to be heard by many. When unions have one big win, the belief on the capital side of the labor versus capital equation has the belief that other big union fights will then appear elsewhere. And one big loss from one of America’s top employers, that in turn might calm some fears that more unions fights will arise rapidly.
Read more: FedEx, The Union-Buster? (FDX, UPS) - 24/7 Wall St. http://247wallst.com/2010/06/17/fedex-the-union-buster-fdx-ups/#ixzz0zYanK0dd
I won’t willingly use UPS anymore because of the union and poor service.
Very interesting.
Several other options to think of:
It could be a pretty aggressive skip tracer getting information on the business or someone else in it.
Corporate espionage. It is more common than you realize.
A freak with delusions.
You’ll probably have the best instincts based on your business.
Legal Action ?
bump
290,000 monthly union dues has the labor thugs drooling.
Its all about money and power. Workers are just a minor annoyance.
And the Teamsters have the CWA which can strangle the US if they want to.
Just as I would never buy from Obama-Motors, I will look for the Union Label, then buy an alternative. I don't care if it's an import; it's an import because the Unions priced the product domestically produced out of the market with their extortion.
If you have the woman’s name - call the cops, press trespassing charges.
FedEx, The Union-Buster? (FDX, UPS)
Posted: June 17, 2010 at 4:39 pm
FedEx Corporation (NYSE: FDX) may have been part of the reason for the rally late today that took markets into positive territory. Headlines hit late in the day on the Dow Jones broad tape from Senate Commerce Committee Chairman John D. Rockefeller, a Democrat, saying that the proposed legislation that would make it easier for FedEx workers to unionize has no chance of passing in Congress.This is an issue we have followed for some time. United Parcel Service, Inc. (NYSE: UPS) is mostly unionized and is the number one competitor for FedEx. If these workers in aviation and trucking are placed under the National Labor Relations Act, it would then be on the same ground (no pun intended) as UPS.
Some have maintained that if those workers are allowed to unionize that the cost would be thousands of dollars per employee per month. Those costs are not necessarily just out-of-pocket costs based upon the potential of higher wages and higher benefits, but include the opportunity cost of less business per employee. It is a safe bet that calculations vary greatly from source to source.
There is a risk of jobs cuts at stake and there is the issue of a per-employee cost… An article from Scripps in 2009 noted, “Thousands of FedEx’s 290,000 employees would be affected and some analysts say the company’s expenses would increase 30 percent as a result of unionization.”
The silver lining for shareholders is the dividend implications if this labor issue is resolved. We noted after the dividend was just raised that FedEx’s dividend could stand to be greatly raised. Then FedEx will need to catch up to UPS in its dividend. At the time of the hike, FedEx’s dividend yield was brought to about 0.62% versus nearly 3% for shareholders of rival UPS.
Taking either side of the argument for or against unions is a tricky case. Management wants things the way they are now. A union often demands more for labor. Anyhow, you know the arguments on each side. As far as how things turned out with the stock being the judge… FedEx shares closed up $0.04 at $78.11, but they were down at the lows of the day at $77.13 around the time that the comments made by Rockefeller hit the tape.
If you ask why FedEx might have been part of reason for the rally rationale… It is rather simple, even if the argument does not want to be heard by many. When unions have one big win, the belief on the capital side of the labor versus capital equation has the belief that other big union fights will then appear elsewhere. And one big loss from one of America’s top employers, that in turn might calm some fears that more unions fights will arise rapidly. - JON C. OGG
Read more: FedEx, The Union-Buster? (FDX, UPS) - 24/7 Wall St. http://247wallst.com/2010/06/17/fedex-the-union-buster-fdx-ups/#ixzz0zYg8HLaN
Legal Action ?
Possibly..
I mostly use Fed-Ex especially when its important. The post office is cheaper sometimes.
I never use UPS except for online purchases and only then when the website has no other alternative. I didn’t even realize they were union until about a year ago. They are pushing all kinds of union agendas.
Unions ruined another good company.
I will be going out of my way to ship by FedEx now. It seems like USPS has doubled in cost the past couple years and UPS and FedEx always seemed a bit more even to me.
Nevertheless, boycott union.
I agree FedEx service is better than Brown’s. I have received my share of broken and re-sealed boxes from them. While a shipment via FedEx arrives in perfect condition. Problem is, most times orders from suppliers on the internet are shipped by Brown. You don’t have a say in the matter. And you pay through the nose. I had ordered an item weighing one-fifth of a pound from a supplier in New York State. The shipping charge was $8.95 UPS Ground and took a full week to arrive. The same item could have been placed in the U.S. mail, first class, in a small envelope for around a dollar, and would have reached me in three days. When I called the supplier to complain, they told me they were not set up to mail items at the post office and that everything they shipped was handled by contract through Brown.
BUMP!! That damn union thug, invading
your private business with her demands !!
So this is all about trying to unionize
Fedex .. and UPS, whom you use, is already
unionized? Then, I still don’t get the
reason she’d harrass you (but I’ve yet
to eat dinner, so my brain is not working
at warp speed).
Excuse my dipity dumbness right now...;).
You may want to send this story to the folks over at BigGovernment.com
Good luck and Godspeed. Keep us posted if you have a mind to. We are behind you 100%.
See Post #10 (after dinner) and it explains it. They (UPS) haven’t given up. I speculate that they don’t want the questionnaire out there because there is something in it that Fefex might like to see.
See Post #10 (after dinner) and it explains it. They (UPS) haven’t given up. I speculate that they don’t want the questionnaire out there because there is something in it that Fefex might like to see.
I didn’t know UPS was a union outfit either. Sad, I like my UPS Store box. It is the address I give for just about everything and most of the junk mail goes there.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.