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Can FDXG Contractors keep up with these number?
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<blockquote data-quote="bacha29" data-source="post: 3555610" data-attributes="member: 58386"><p>Continued pressure on contractor margins. Probably more contractor consolidation fewer in number larger in scale but operating on smaller margins. While some contractors are downsizing trying to sell off under performing routes the overall trend is toward fewer contracts overall but are larger in scale with contract ownership continuing to shift away from individual S-Corps and more toward absentee investor class C-Corps and hedge funds .</p><p></p><p>Roadway Package System/ Fedex Ground has never tried to hide the fact that it's contractor model was never designed to create equity for contractors but rather to simply acquire trucking and labor at the lowest possible cost. In fact it was only under the threat of a federal lawsuit that RPS grudgingly granted contractors goodwill and proprietary rights back in 1993. </p><p>In addition after battling for more than a decade over the question of whether we were contractors or employees was finally settled just last year out of court (cost to XG around 600 million) XG settled without any admission of quilt or wrong doing. But the court ruling back I believe in 2014 regarding the so called "coemployers" might have an impact going forward.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3555610, member: 58386"] Continued pressure on contractor margins. Probably more contractor consolidation fewer in number larger in scale but operating on smaller margins. While some contractors are downsizing trying to sell off under performing routes the overall trend is toward fewer contracts overall but are larger in scale with contract ownership continuing to shift away from individual S-Corps and more toward absentee investor class C-Corps and hedge funds . Roadway Package System/ Fedex Ground has never tried to hide the fact that it's contractor model was never designed to create equity for contractors but rather to simply acquire trucking and labor at the lowest possible cost. In fact it was only under the threat of a federal lawsuit that RPS grudgingly granted contractors goodwill and proprietary rights back in 1993. In addition after battling for more than a decade over the question of whether we were contractors or employees was finally settled just last year out of court (cost to XG around 600 million) XG settled without any admission of quilt or wrong doing. But the court ruling back I believe in 2014 regarding the so called "coemployers" might have an impact going forward. [/QUOTE]
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