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Non-Tech : FedEx (FDX) -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (277)	12/13/1998 2:08:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 524

Kerry: Bloomberg released this story Saturday: FedEx Pilots Say Contract Talks May Stalemate on Issue of Pay Memphis, Tennessee, Dec. 12 (Bloomberg) -- FDX Corp.'s pilots union said that while contract talks are progressing with Federal Express, the world's largest overnight-delivery company, the talks may stalemate on the issue of pay. The union last month dropped a threat to strike during the holidays after FedEx hired other airlines and trucking companies to make deliveries in the event of a walkout. When negotiations resumed, the company withdrew its offer to raise the pilots' pay 17 percent over five years, saying strike preparations cost too much. The pilots, who earn an average salary of $142,000, are seeking their first contract with Fedex. ... FedEx officials couldn't be reached for comment. The union said the two sides have been negotiating ''round-the-clock'' and talks are scheduled through the weekend. ... Separately, FedEx told Reuters news service yesterday it would hold a news conference next week to make an announcement concerning electronic commerce. FDX shares rose 7.1 percent Monday following a report in Barron's that FedEx could be considered an Internet stock and is well-positioned to take advantage of the electronic-commerce boom. ...

To: EL KABONG!!! who wrote (277)	12/14/1998 6:17:00 PM
From: Darryl Olson	Read Replies (1) \| Respond to of 524

Strike update as of today: Monday December 14, 5:19 pm Eastern Time FedEx , pilots hopeful of agreement soon CHICAGO, Dec 14 (Reuters) - Federal Express, the world's largest air express package shipping company, and the union representing 3,600 of its pilots said Monday that progress has been made in negotiations and a contract agreement could be reached soon. In a statement, Fedex Pilots Association President Frank Fato said negotiations ''have been very constructive and we should expect a contract prior to Christmas.'' Talks aimed at reaching the first-ever contract between FedEx and its pilots resumed in November after the pilots called off a possible strike that would have hit Fedex during the peak holiday shipping season. In the weeks leading up to the pilots's agreement not to strike for 60 days, the company had signed contracts with other carriers to carry packages overseas and in the United States, while also making plans to expand its ground network. A spokesman for Memphis, Tenn.-based FDX Corp., the parent company of FedEx, said progress had been made but would not give a timetable for a contract agreement. ''Substantial progress has been made and we hope an agreement will be reached in the very near future,'' FDX spokesman Gregory Rossiter said. The two sides talked all weekend, working on key issues such as scheduling and work rules, a spokesman said. Even if a contract agreement is reached, it would still have to be approved by the union's membership, which has rejected contract agreements in the past. FDX shares were down 6/16 at 71-7/16 Monday.