Thread regarding FedEx Corp. layoffs

Welcome Vena to the Board

FedEX added Jim Vena to their board. He and his cronies trashed Union Pacific Railroad a few years ago. He cut everything to the bone leaving the company with very little resources to recover from any sort of service disruption. He proudly cut the operating ratio to 55% which is unsustainable, especially in a transportation/logistics business. This operating ratio came at the expense of the customers who ultimately continue to suffer as well as the employees who are left carrying the burden. UP went through massive layoffs, thousands of locomotives put in storage, and closing of classification yards. The railroad is still in shambles from Vena's robber baron tactics with no signs of any real improvement. Vena was a large contributor to damaging the US supply chain in how he helped UP service the major shareholders instead of the shippers, especially at a time when the nation was in need. Sadly, the railroad paid him handsomely for it. FedEx employees, changes are coming and this narcissist will ruin the FedEx operation, your careers, and the customer base.

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