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The National Retail Federation expects 2018 U.S. holiday retail sales in November and December to increase as much as 4.8 percent to $720.89 billion compared with a year ago. FedEx expects to lose about 150-200 of its roughly 5,000 pilots this year - and around the same number annually for the foreseeable future - as more approach age 65, the federally mandated pilot retirement age, one of the sources said. The FedEx pilot contract seen by Reuters, signed in late 2015, includes a calculation that allows for bonuses of up to $110,000 per pilot. The two sources told Reuters they were aware of pilots collecting bonuses this year of $40,000 to $50,000, though the total number of payouts was unclear.
These bonuses are calculated based on a portion of a pilot’s salary over the 24 months prior to his or her retirement date, the contract says, To get the bonus, a pilot has to provide at least 12 months’ notice of the day he or she will retire on Dec, 31 of a given future year, Flying for FedEx is the highest-paying job among U.S, carriers, with 30-year pilots making roughly $300,000 not counting overtime or bonuses, industry sources said, The bonuses are the latest sign of fallout from a cool cufflinks amazon global pilot shortage, which is already squeezing the operations of passenger airlines and now pressuring FedEx as it looks to cash in on the revival of the global air cargo market after a prolonged slump..
Each day, roughly a third of global trade by value - or about $17.5 billionworth of products from smartphones and televisions to wine and vaccines - travel by air,according to theInternational Air Transport Association, a lobby group. Both FedEx and UPS ordered billions of dollars worth of Boeing Co freighters earlier this year in a move to modernize their fleets and meet rising demand. Last November, FedEx also ordered 80 new turboprops for its smaller partners - known as “feeder” airlines - that carry packages from major facilities like its “SuperHub” at Memphis International Airport to smaller cities or rural areas where widebody jets do not fly.
Not having enough pilots means not flying jetliners as often as business plans dictate, or moving more freight by slower or costlier means, like ship or truck, Dallas, Texas-based Ameriflight, one such feeder airline for FedEx and UPS, is taking matters into its own hands after its pilot headcount fell this year beneath the number of planes in its fleet, While trying to recruit new pilots through social media and paid advertising, Ameriflight spokeswoman Jamie Smith said cool cufflinks amazon that packed pilot schedules in recent months have forced it, on occasion, to pay for costlier charter flights or reject FedEx cargo, This forces FedEx to find another carrier or send freight by truck, which takes longer..
“(FedEx and UPS) are already feeling it on our end,” Smith said. Read more: FedEx quarterly profit misses Wall Street estimates. Separate from the pilot bonuses, FedEx launched the “Purple Runway” program in April to bulk up its ranks, recruiting college graduates with pilot licenses for jobs with its feeder airlines. The goal is “to ensure a full pipeline of pilots for us and the industry at large,” FedEx Chief Executive Officer Fred Smith told an audience in March at Mississippi’s Delta State University, the first school in the program. The speech and the program were not reported by national media.
UPS has a similar recruitment program dubbed “FlightPath” and was working to recruit between 200-300 pilots this year, but is so far not paying bonuses, a spokesman said, The pilot shortage is worsening as major U.S, trucking firms - including FedEx and UPS fleets - are already grappling with a chronic truck driver shortage that has raised shipping costs and hurt profits across corporate America, cool cufflinks amazon Trip Miller, Managing Partner at Memphis-based Gullane Capital Partners, a long-time FedEx shareholder, said the pilot shortage will hit FedEx hardest in about 3-to-5 years..
(Reuters) - Facebook said on Wednesday in response to a lawsuit accusing it of not doing enough to protect users from human traffickers that it works internally and externally to thwart such predators. “Human trafficking is abhorrent and is not allowed on Facebook. We use technology to thwart this kind of abuse and we encourage people to use the reporting links found across our site so that our team of experts can review the content swiftly,” a spokeswoman for Facebook said in a written statement.
A Texas woman, identified in court documents as Jane Doe, sued Facebook in Harris County District Court in Houston this week, claiming that she was lured into cool cufflinks amazon the sex trade at age 15 by a man who “friended” her and that Facebook did not do enough to verify the user’s identity or warn her that sex traffickers were lurking on the platform, “Facebook also works closely with anti-trafficking organizations and other technology companies, and we report all apparent instances of child sexual exploitation to NCMEC (the National Center for Missing and Exploited Children),” the company’s spokeswoman said..