This might get interesting

Discussion in 'FedEx Discussions' started by Crozz, Jul 14, 2015.

  1. Crozz

    Crozz Member

  2. Crozz

    Crozz Member

    http://www.wsj.com/articles/fedex-l...n-classification-of-kansas-drivers-1436917992
    Quote form the article:The decision may have a broader impact on 19 other class-action suits against FedEx currently pending before the Seventh Circuit. FedEx has asked that the other 19 cases be decided separately, due to differences in state laws. The Seventh Circuit last week referred those cases to a court representative to set up additional briefings and arguments.
     
  3. fedex_rtd

    fedex_rtd Active Member

  4. bbsam

    bbsam Moderator Staff Member

  5. Cactus

    Cactus Just telling it like it is

  6. bbsam

    bbsam Moderator Staff Member

    All appeals from IC model changes. So again I ask, which dominoes?
     
  7. FedEx GT

    FedEx GT Active Member

    This doesn't really seem like anything new. This applies to pre 2011 IC model filed 2003. I don't believe those "dominoes" are in use anymore. Lots of changes to contracts and models since then. May they lose some other pending cases, yeah, but hardly is going to take down Ground ISP.
     
  8. FedEx GT

    FedEx GT Active Member

    Hundreds of millions is a ridiculous amount of money to all of us here. Hundreds of millions to a $48B company......an irritation maybe 0.03-0.05% of the companies worth. Even Wall Street is shrugging it off, no aftermarket moves down 1.2% on the day.
     
  9. Cactus

    Cactus Just telling it like it is

    Yeah.... but they'd sure as hell balk at the idea of ever paying out hundreds of millions in raises.
     
  10. FedEx GT

    FedEx GT Active Member

    Definitely will not argue with you on that one got that one dead on.
     
  11. Bounty

    Bounty Active Member

    I know they had to pay in California, and I believe that's what's making them move so fast to ISP in ny, nj and pa, do you think there is going to be a payout eventually in these states?
     
  12. FedEx GT

    FedEx GT Active Member

    Are there class actions in those three states? No other states contractors would get paid off others lawsuits if your state is not apart of it.
     
  13. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Pizza?
     
  14. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Dominos dropped the pizza from their name.
     
  15. Bounty

    Bounty Active Member

    I believe the three states are part of it.
     
  16. MrFedEx

    MrFedEx Engorged Member

    The ones that say you're not "independent". This makes sense after the recent effort by FDX to distance itself from contractors. In other words, they are worried.

    Now, please respond and tell me the ISP is legally bullet-proof like always.
     
  17. MrFedEx

    MrFedEx Engorged Member

    Fred has his first penny, which he polishes daily. The potential here is for a much bigger amount in settlements.
     
  18. FedEx GT

    FedEx GT Active Member

    I don't believe any of us says it is bullet proof. We are just much more realistic than you are. It took 12-15 years for there to be enough pressure and issues for the model to need to change. With similar logic and them staying a few steps even further back and no single owners, realistically they will probably get another 10-20 years out of this model before they need to change it again. Worst case scenario maybe 7-10 years.
     
  19. MrFedEx

    MrFedEx Engorged Member

    Here's one for you. If the business model was so great, why did they ever have to change it in the first place? I think you're wrong, but I respect your biased opinion.
     
  20. FedEx GT

    FedEx GT Active Member

    When did I say it was so great? Big difference between the way we look at things. I always look at both sides of a dispute before forming an opinion. You see someone defending a point and take it as they are 100% wrong no matter what they say, no interest if seeing if anything is valid. Obviously I am going to favor one side but not once have I said I am thrilled with the model, my company makes more than what it should, or there are not flaws in the system.