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Question: Is now a good time to buy a FedEx Ground Route?
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<blockquote data-quote="bbsam" data-source="post: 569980" data-attributes="member: 22662"><p>Actually, the question posed here is awfully sparse of specifics. As a Ground contractor, I would recommend getting copies of several months of settlement statements as well as viewing expense accounts for the route. Also obtain a copy of the operating agreement and have it carefully explained by an attorney. In my own experience however, $75000 is dirt cheap (depending on age and relative condition of the vehicles). I would guess that the contractor selling at this price has found that the route will not support two employees and still return a profit and does not (for whatever reason) want to drive.</p><p></p><p>As far as Ground goes, I don't think the lawsuits are going to be an issue. Many may think I'm just biased in this opinion. But the fact remains that in no instance has a court or the IRS forced Fedex to abandon the contractor model. They have had to revise the model in several cases, but it seems that the law is written so vaguely as to the classification of worker (contractor/employee) and Fedex is so committed to continuing the contractor model that I doubt there will ever be a reclassification of contractors as employees. </p><p></p><p>The other thing that suggests to me that Ground isn't going to change anytime soon is Jim Cramer. He seems to remain bullish on Fedex and I keep listening for some kind of caveat having to do with legal woes and I have yet to hear one.</p></blockquote><p></p>
[QUOTE="bbsam, post: 569980, member: 22662"] Actually, the question posed here is awfully sparse of specifics. As a Ground contractor, I would recommend getting copies of several months of settlement statements as well as viewing expense accounts for the route. Also obtain a copy of the operating agreement and have it carefully explained by an attorney. In my own experience however, $75000 is dirt cheap (depending on age and relative condition of the vehicles). I would guess that the contractor selling at this price has found that the route will not support two employees and still return a profit and does not (for whatever reason) want to drive. As far as Ground goes, I don't think the lawsuits are going to be an issue. Many may think I'm just biased in this opinion. But the fact remains that in no instance has a court or the IRS forced Fedex to abandon the contractor model. They have had to revise the model in several cases, but it seems that the law is written so vaguely as to the classification of worker (contractor/employee) and Fedex is so committed to continuing the contractor model that I doubt there will ever be a reclassification of contractors as employees. The other thing that suggests to me that Ground isn't going to change anytime soon is Jim Cramer. He seems to remain bullish on Fedex and I keep listening for some kind of caveat having to do with legal woes and I have yet to hear one. [/QUOTE]
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Question: Is now a good time to buy a FedEx Ground Route?
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