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Glad I'm out of this Part2
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<blockquote data-quote="It will be fine" data-source="post: 1794622" data-attributes="member: 55017"><p>Couple issues with all this. You assume transitional employment is a bad thing. I would argue that is exactly what this job should be. It is far too physically taxing to make a career. The odds are against someone doing this job for a few decades without a major injury. Keeping someone stuck here with health benefits and a pension does them a disservice. It should be a job for 5 years max.</p><p>Your 6% figure doesn't make sense. If you were a day 1 contractor there is probably 20-30 trucks at least covering the area you started with. If the only investment you had to make over the years was truck purchases your return would be significantly more. So spend $50k on a truck, make $10K a year profit off that truck for let's say 12 years you've made $120K from that initial investment. That's better than a utility stock. Had you continued to service the entire area this entire time you'd have a company grossing $2-3 million annually with little to no debt. There would be significant equity in that company. </p><p>Honestly, and no offense intended, this type of thinking is exactly why FedEx is pushing the ISP model and scale requirements. It doesn't want to do business with people that just want to drive a truck. SWA drivers that want to stay SWA are Ground employees. They are not businesses looking to expand and increase profit.</p></blockquote><p></p>
[QUOTE="It will be fine, post: 1794622, member: 55017"] Couple issues with all this. You assume transitional employment is a bad thing. I would argue that is exactly what this job should be. It is far too physically taxing to make a career. The odds are against someone doing this job for a few decades without a major injury. Keeping someone stuck here with health benefits and a pension does them a disservice. It should be a job for 5 years max. Your 6% figure doesn't make sense. If you were a day 1 contractor there is probably 20-30 trucks at least covering the area you started with. If the only investment you had to make over the years was truck purchases your return would be significantly more. So spend $50k on a truck, make $10K a year profit off that truck for let's say 12 years you've made $120K from that initial investment. That's better than a utility stock. Had you continued to service the entire area this entire time you'd have a company grossing $2-3 million annually with little to no debt. There would be significant equity in that company. Honestly, and no offense intended, this type of thinking is exactly why FedEx is pushing the ISP model and scale requirements. It doesn't want to do business with people that just want to drive a truck. SWA drivers that want to stay SWA are Ground employees. They are not businesses looking to expand and increase profit. [/QUOTE]
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