UPS are hiking prices, so conditions should get better in 2017. Moreover, FedEx's CFO Alan Graf said in the release that "network projects are impacting FedEx Ground's near-term profitability," but that the company will "expand capacity, improve service and enhance long-term returns and cash flows.
Date: Dec 21, 2016
Category: Business
Source: Google
Amazon's Newest Ambition: Competing Directly With UPS and FedEx
The level of global investment in facilities, sorting, aircraft, vehicles, people to replicate the service we provide, or our primary competitor provides, is just daunting, and frankly, in our view, unrealistic, says FedEx CFO Alan Graf. Weve been at this for 40 years.
Date: Sep 27, 2016
Category: Sci/Tech
Source: Google
FedEx reports solid fiscal first quarter earnings results
TNT integration: With TNT Express formally a part of the FedEx portfolio, Alan Graf, FedEx EVP and CFO, said on the call that FedEx has a rich history of success in integrating businesses into FedEx and is doubling down on its commitment to the TNT integration in terms of its people and financial re
aid during an earnings call with analysts that TNTs integration was proceeding smoothly. Chief Financial Officer Alan Graf cautioned the integration would take four years, at an aggregate cost of $700 million to $800 million, but that TNT would boost FedExs earnings by fiscal 2018.
Mr Knight also says he will transfer most of his Nike stock to a limited liability company called Swoosh. The directors of the company will be Mr Knight himself, Mr Parker, and Nike directors Alan Graf and John Donahoe.
Date: Jul 01, 2015
Source: Google
Nike co-founder Phil Knight to step down as chairman
Knight also says he will transfer most of his Nike stock to a limited liability company. The directors of that company will be Knight himself, Parker, and Nike directors Alan Graf and John Donahoe. He says the move will help maintain Nike's corporate governance.
Date: Jun 30, 2015
Category: Business
Source: Google
FedEx to take $2.2bn charge on pension accounting change
Adopting the mark-to-market approach will align our accounting to provide greater transparency by removing certain legacy pension costs from segment operating results . . . , chief financial officer Alan Graf said.
Date: Jun 12, 2015
Category: Business
Source: Google
Courier Industry: FedEx's Bid For TNT Will Create A More Competitive Market
ervice (UPS) pulled out of a 5.2bn bid for the Dutch firm, both FedEx and TNT Express are confident that the deal should fly without much of a hitch. Alan Graf, FedExs chief financial officer, speaking on an analysts call stated that he was very confident in regulatory approval being secured.