Thinknum Alternative Data
Request Demo
Thinknum Login
Questions answered using Thinknum

Fundamental Investors

How many cars has Carmax sold this week compared to the same week last year?

How is foot traffic at Chipotle changing YoY?

What are the industrial companies that are growing and hiring the most?

Quantitative Analysts

How are the number of Twitter followers a leading indicator for company performance?

How are the number of LinkedIn employees a leading indicator for company performance?

Business Inteligence

Which private companies are getting their products picked up by major retailers?

Which private healthcare companies are hiring the most?

Which tech startups are getting the largest increase in mobile app downloads?

Join the investment community and start your week with market insights seen through the lens of alternative web data.

FedEx wants more engineers and fewer dockworkers for its tech transition

5 months ago by Jon Marino in Earnings
A FedEx truck

Frank Sobotka would not be happy. 

FedEx ($NYSE:FDX) is dialing back job postings for dockworkers - and boosting hiring for engineers, according to the company's hiring data. 

Our first chart tracks overall hiring at FedEx - it has risen 35% since the end of the second quarter, and a recent high, of nearly 5,000 open roles. There are seasonal trends - but FedEx hiring looks to be far ahead of last year's pace. 

But not every department at FedEx is staffing up - in fact, there are fewer roles posted open for Dockworkers and Handlers, declining more than 40% from their peak earlier this year. It is hiring fewer drivers, too (not shown). This could be due to FedEx losing Amazon ($NASDAQ:AMZN) as a shipping client earlier this year, when Amazon sought to take more of its own delivery work in-house. 

Engineers, however, are en vogue at FedEx. The company has nearly doubled postings for engineers, to 69, a recent peak. It is also adding staff in supply chain & logistics (not shown). And that's what might upset The Wire's semi-protagonist of Season Two, dockworker Sobotka - the company is stripping out the blue-collar gigs and turning to tech. But it's also something that should excite both analysts and investors. 

Analysts tracked by Zacks Investment Research are expecting EPS of $3.20 when FedEx reports earnings September 17. The stock is up 6% year-to-date.

As Frank Sobotka once said, we used to build stuff in this country. 

About the Data: 

Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

Join the businesses who have begun to edge out competitors by scouring the web for alternative data.

Request demo
Ready for a personalized tour?

Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

Request a demo

We would love to show you how Thinknum will benefit your investment process. To get started, fill out the form and we'll contact you shortly to schedule your demo.

Get Thinknum Media in your inbox

Start the day off with our Weekly Digest.