Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
RENEGOTIATION ISP INS-OUTS
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="bacha29" data-source="post: 2421025" data-attributes="member: 58386"><p>Sorry folks, you're one of hundreds if not thousands of single work area contractors forced out by the ISP conversion. I started back in 1992 with the original Roadway Package System that X bought out from Roadway and renamed Fedex Ground. When you saw that the so called operating agreement was for one year only a red flag should have gone up . One of the many reasons for eliminating the single work area contractor was to attract the better capitalized absentee investor class who would be more inclined to put more capital at risk and whose only interest were the bottom line returns. Having watched the conversion process since it's onset in 2009 and anticipating it's arrival in my home state I sold in May 2015 ,three months before the official announcement . Keep in mind that there are several class actions ongoing in various stages of litigation. When settled the opportunity to file future class actions will be greatly restricted given the terms agreed to in those cases that have been or are in the process of being settled. My very first terminal manager ( RPS). took me aside one day and put the entire matter in perspective when he said, " look I admit it. It's a rotten deal. One of the worst I've ever seen in all my years in this business but you signed it. Now I'm going to tell you how to survive. Keep borrowed money to a minimum and limit your exposure to risk and to variable costs to only that which you cannot avoid" Following that advice is how I and the other 2 day one contractors survived for the 23 years we were together.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2421025, member: 58386"] Sorry folks, you're one of hundreds if not thousands of single work area contractors forced out by the ISP conversion. I started back in 1992 with the original Roadway Package System that X bought out from Roadway and renamed Fedex Ground. When you saw that the so called operating agreement was for one year only a red flag should have gone up . One of the many reasons for eliminating the single work area contractor was to attract the better capitalized absentee investor class who would be more inclined to put more capital at risk and whose only interest were the bottom line returns. Having watched the conversion process since it's onset in 2009 and anticipating it's arrival in my home state I sold in May 2015 ,three months before the official announcement . Keep in mind that there are several class actions ongoing in various stages of litigation. When settled the opportunity to file future class actions will be greatly restricted given the terms agreed to in those cases that have been or are in the process of being settled. My very first terminal manager ( RPS). took me aside one day and put the entire matter in perspective when he said, " look I admit it. It's a rotten deal. One of the worst I've ever seen in all my years in this business but you signed it. Now I'm going to tell you how to survive. Keep borrowed money to a minimum and limit your exposure to risk and to variable costs to only that which you cannot avoid" Following that advice is how I and the other 2 day one contractors survived for the 23 years we were together. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
RENEGOTIATION ISP INS-OUTS
Top