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Any talk of more Express closures
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<blockquote data-quote="bacha29" data-source="post: 5697049" data-attributes="member: 58386"><p>Spot on. Comes back to the same old inescapable fact. Getting to scale requires putting more and more borrowed money at risk....but for what? A unilaterally drafted and implemented one year contract whose terms are totally one sided , provides zero economic protection for that borrowed money , language vague and ambiguous allowing FDX to do whatever they damn well please and because there's no governing legal authority in place with the power to make that contract such as it is binding upon FDX .</p><p></p><p>Granted, for a few years the returns and operating margins made the risks along with being cuffed around and slapped around by FDX a even trade off. </p><p></p><p>Not anymore. They'll grind the contractor returns down to the minimum resulting in the market value of the contract which is the only thing the contractor had to look forward to dissipate right before his very eyes.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5697049, member: 58386"] Spot on. Comes back to the same old inescapable fact. Getting to scale requires putting more and more borrowed money at risk....but for what? A unilaterally drafted and implemented one year contract whose terms are totally one sided , provides zero economic protection for that borrowed money , language vague and ambiguous allowing FDX to do whatever they damn well please and because there's no governing legal authority in place with the power to make that contract such as it is binding upon FDX . Granted, for a few years the returns and operating margins made the risks along with being cuffed around and slapped around by FDX a even trade off. Not anymore. They'll grind the contractor returns down to the minimum resulting in the market value of the contract which is the only thing the contractor had to look forward to dissipate right before his very eyes. [/QUOTE]
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