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Buying a Fedex Ground Route
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<blockquote data-quote="dmac1" data-source="post: 2049792" data-attributes="member: 60252"><p>Stockholders ALREADY see billions in liabilities from current cases. And fedex will be liable for debts owed to drivers if a driver goes out of business and can't pay. Say one of your driver's is injured and causes injuries and damages to the tune of millions of dollars, and goes bankrupt, fedex will have liability. </p><p></p><p>And the period from 2016 to the present leaves them billions more in liabilities. Remember that the $238 million settlement agreed to in California only covered from 1999-2006. From 2006 on, fedex remains vulnerable. </p><p></p><p>And I have no blind faith in the Teamsters. I just honestly believe that any contractor with more than 8-10 employees is going to be an easy target for them, especially in certain states. And all fedex has to do to get out of the model is to decide that they don't want to operate that way anymore. With minimum wage going to $15 an hour, drivers will need to set aside $20 or more an hour to pay them. Good luck with that. Fedex will be outsourcing as much as possible to all but the densest areas, leaving suburban and urban contractors out in the cold. The post office can deliver most packages cheaper than fedex simply because those drivers are going there already.</p></blockquote><p></p>
[QUOTE="dmac1, post: 2049792, member: 60252"] Stockholders ALREADY see billions in liabilities from current cases. And fedex will be liable for debts owed to drivers if a driver goes out of business and can't pay. Say one of your driver's is injured and causes injuries and damages to the tune of millions of dollars, and goes bankrupt, fedex will have liability. And the period from 2016 to the present leaves them billions more in liabilities. Remember that the $238 million settlement agreed to in California only covered from 1999-2006. From 2006 on, fedex remains vulnerable. And I have no blind faith in the Teamsters. I just honestly believe that any contractor with more than 8-10 employees is going to be an easy target for them, especially in certain states. And all fedex has to do to get out of the model is to decide that they don't want to operate that way anymore. With minimum wage going to $15 an hour, drivers will need to set aside $20 or more an hour to pay them. Good luck with that. Fedex will be outsourcing as much as possible to all but the densest areas, leaving suburban and urban contractors out in the cold. The post office can deliver most packages cheaper than fedex simply because those drivers are going there already. [/QUOTE]
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