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<blockquote data-quote="bacha29" data-source="post: 5888017" data-attributes="member: 58386"><p>Indeed. It comes back to what we've all said earlier. FDX has always made it abundantly clear that it is not in the business of creating enterprise value or building wealth for third parties. It's one and only objective is to acquire trucking and labor at the lowest possible cost while maintaining full, strict and unchallenged control over the suppliers of those resources.</p><p></p><p>And over the past several years costs have grown bigger while settlements have stagnated or even grown smaller to the point that a suspect place to invest your money has become a terrible place to invest your money. </p><p></p><p>And the irony of it all is that just a few months ago Fat Freddy was bragging about his company's so called "pricing power".</p><p></p><p>Little did anyone know that Fat Freddy's so called "pricing power" was not about shipping rate pricing power but rather the "pricing power" he was about to unleash on FDX contractor settlements. He knew that all he had to do was keep goading them on with the promise of prosperity until he had enough of them trapped in a narrow economic sleeve where they couldn't go forward or backward he could then crush them with his "pricing power".</p></blockquote><p></p>
[QUOTE="bacha29, post: 5888017, member: 58386"] Indeed. It comes back to what we've all said earlier. FDX has always made it abundantly clear that it is not in the business of creating enterprise value or building wealth for third parties. It's one and only objective is to acquire trucking and labor at the lowest possible cost while maintaining full, strict and unchallenged control over the suppliers of those resources. And over the past several years costs have grown bigger while settlements have stagnated or even grown smaller to the point that a suspect place to invest your money has become a terrible place to invest your money. And the irony of it all is that just a few months ago Fat Freddy was bragging about his company's so called "pricing power". Little did anyone know that Fat Freddy's so called "pricing power" was not about shipping rate pricing power but rather the "pricing power" he was about to unleash on FDX contractor settlements. He knew that all he had to do was keep goading them on with the promise of prosperity until he had enough of them trapped in a narrow economic sleeve where they couldn't go forward or backward he could then crush them with his "pricing power". [/QUOTE]
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