Deja vu.....All over again.

[bacha29]

Here's something for you guys to ponder.
One of the outcomes of the 2016 out of court settlement in which Fat Freddy dumped $650 million bucks on the table in order to settle contractor claims to that point in time was that it served as his own little but expensive "get out of jail free card".
However he was able to walk away without having to admit any liability but the really important outcome was no outcome regarding the question of whether contractors were contractors or employees. To my knowledge that question has never been settled. If so, when Ground is dissolved that question will still remain unsettled.

Now when this so called "restructuring" which is in reality is much closer to a collapse contractors are going to be burdened with an even more disproportionate share of the burden of sustaining and preserving the interests and well being of the company.
The result will be the control freaks having full complete and uncontested control over contractors with the miniscule amount of freedom and autonomy contractors having gone among the missing as a result of finding themselves even more beholding to Fat Freddy.

Now human nature being what it is a person or in this case persons are only going to tolerate being cuffed around and slapped around by some arrogant little dastard ( can't use the b word here) to a limited extent and for a limited amount of time until people fight back.

Not going to happen today and it's not going to happen tomorrow but it will happen when contractors backed into a corner come out fighting with everything they've got at their disposal. And if the question of contractor or employee has never been formally settled , that could be to their benefit when they've finally had enough.

 

[vantexan]

Here's something for you guys to ponder.
One of the outcomes of the 2016 out of court settlement in which Fat Freddy dumped $650 million bucks on the table in order to settle contractor claims to that point in time was that it served as his own little but expensive "get out of jail free card".
However he was able to walk away without having to admit any liability but the really important outcome was no outcome regarding the question of whether contractors were contractors or employees. To my knowledge that question has never been settled. If so, when Ground is dissolved that question will still remain unsettled.

Now when this so called "restructuring" which is in reality is much closer to a collapse contractors are going to be burdened with an even more disproportionate share of the burden of sustaining and preserving the interests and well being of the company.
The result will be the control freaks having full complete and uncontested control over contractors with the miniscule amount of freedom and autonomy contractors having gone among the missing as a result of finding themselves even more beholding to Fat Freddy.

Now human nature being what it is a person or in this case persons are only going to tolerate being cuffed around and slapped around by some arrogant little dastard ( can't use the b word here) to a limited extent and for a limited amount of time until people fight back.

Not going to happen today and it's not going to happen tomorrow but it will happen when contractors backed into a corner come out fighting with everything they've got at their disposal. And if the question of contractor or employee has never been formally settled , that could be to their benefit when they've finally had enough.

Signed,
Chew Bacha

 

[Gone fishin]

Here's something for you guys to ponder.
One of the outcomes of the 2016 out of court settlement in which Fat Freddy dumped $650 million bucks on the table in order to settle contractor claims to that point in time was that it served as his own little but expensive "get out of jail free card".
However he was able to walk away without having to admit any liability but the really important outcome was no outcome regarding the question of whether contractors were contractors or employees. To my knowledge that question has never been settled. If so, when Ground is dissolved that question will still remain unsettled.

Now when this so called "restructuring" which is in reality is much closer to a collapse contractors are going to be burdened with an even more disproportionate share of the burden of sustaining and preserving the interests and well being of the company.
The result will be the control freaks having full complete and uncontested control over contractors with the miniscule amount of freedom and autonomy contractors having gone among the missing as a result of finding themselves even more beholding to Fat Freddy.

Now human nature being what it is a person or in this case persons are only going to tolerate being cuffed around and slapped around by some arrogant little dastard ( can't use the b word here) to a limited extent and for a limited amount of time until people fight back.

Not going to happen today and it's not going to happen tomorrow but it will happen when contractors backed into a corner come out fighting with everything they've got at their disposal. And if the question of contractor or employee has never been formally settled , that could be to their benefit when they've finally had enough.

When all is said and done and if it goes the way of the contractors , if they are smart enough to realize it , they have absolute control.
There’s no one else to move the freight. Fedex collapses if they don’t play ball

 

[bacha29]

When all is said and done and if it goes the way of the contractors , if they are smart enough to realize it , they have absolute control.
There’s no one else to move the freight. Fedex collapses if they don’t play ball

Glad you see it too. That unresolved issue still appears to be there and since Fedex Ground will no longer exist Fat Freddy might not be able to rely on past cases as a defense. The opportunity for contractors to gain the rights, authority and autonomy they will desperately need going forward might be forthcoming. But, unfortunately that opportunity will be wasted thanks to envy, petty suspicions, rivalry and contractor infighting.

 

[SFFX]

Glad you see it too. That unresolved issue still appears to be there and since Fedex Ground will no longer exist Fat Freddy might not be able to rely on past cases as a defense. The opportunity for contractors to gain the rights, authority and autonomy they will desperately need going forward might be forthcoming. But, unfortunately that opportunity will be wasted thanks to envy, petty suspicions, rivalry and contractor infighting.

Hence the Gold, Silver and Bronze scheme. Fedex will have contractor fighting amongst themselves, and not uniting. What contractor will help another if had any chance to hurting there ranking? This whole merger is going to be fun to watch, let the s show begin.

 

[zeev]

Why would anybody want to be a contractor,from this mess to Spencer Patton, massive amount of Ground P&D trucks for sale , if you like trucks buy a class 8 and have many options. People act like they are imprisoned in these contracts.

 

[bacha29]

Why would anybody want to be a contractor,from this mess to Spencer Patton, massive amount of Ground P&D trucks for sale , if you like trucks buy a class 8 and have many options. People act like they are imprisoned in these contracts.

Spot on. A truck regardless of it's size is one of if not the fastest depreciating pieces of equipment known to the US economy. But, with a Class 8 road tractor and you have your own rights you do have a small but still better than nothing measure of freedom.

Nobody has any idea of how this little chemistry experiment is going to turn out. No naturally Fat Freddy is going to redouble his efforts to keep P&D contractors tied down by their contracts and enslaved to a set of economic enslavement they didn't need to get themselves into if only they had capitalized on the peak market conditions 4 years ago.

 

[Fred's Myth]

Spot on. A truck regardless of it's size is one of if not the fastest depreciating pieces of equipment known to the US economy. But, with a Class 8 road tractor and you have your own rights you do have a small but still better than nothing measure of freedom.

Nobody has any idea of how this little chemistry experiment is going to turn out. No naturally Fat Freddy is going to redouble his efforts to keep P&D contractors tied down by their contracts and enslaved to a set of economic enslavement they didn't need to get themselves into if only they had capitalized on the peak market conditions 4 years ago.

Your logic is circular. Who, other than more contractors, would replace the contractors who left? Then you'd be berating THEM!

Wake up, your horse is dead, quit beating it!

 

[bacha29]

Your logic is circular. Who, other than more contractors, would replace the contractors who left? Then you'd be berating THEM!

Wake up, your horse is dead, quit beating it!

You're wrong once again. What I explained earlier is that there might be an opening where Spencer Patton's goal of true "independent" contractor autonomy might at least have a fair chance of being realized . I'm posting these comments while listening to Jim Cramer's "Mad Money" He thinks Fedex current stock price might be cheap IF it's promised cuts can be achieved.

They will be achieved alright but the stock price of what's left to the company might not be worth buying.