It passed the house. It still must pass the Senate and the White House. The President has threatened a veto if the bill contains language for the air traffic controllers. Still an uphill battle. But ground is being gained. Maybe the playing field will level out after all - in about 10 years...
..assuming FX express employees organize. bear in mind that not every work place is like UPS, there are places unlike UPS that fix equipment when it's broken, take their employees concerns very seriously, and treat them very well, too.It passed the house. It still must pass the Senate and the White House. The President has threatened a veto if the bill contains language for the air traffic controllers. Still an uphill battle. But ground is being gained. Maybe the playing field will level out after all - in about 10 years...
fx bankrupt in five years is like saying the national reserve will run out of cash. it's preposterous, fedex is here to stay. their business model proves it enough.Haven't heard word ONE anywhere about this. The article is an interesting read from every viewpoint, which is part of why I prefer Reuters over the Associated Press (AP) . I agree its an uphill battle. However, if the law IS passed this year or next, I see it being less than 5 years before the playing field is levelled. I see FedEx being in bankruptcy by or even before that 5 year mark. Then again, I'm told I'm waaaaaaay the h*ll outside my depth when I talk about economics. -Rocky
fx bankrupt in five years is like saying the national reserve will run out of cash. it's preposterous, fedex is here to stay. their business model proves it enough.
I agree with Rocky. This is just one more hit for FedEx. They are currently being sued by drivers who claim they are employees not independent contractors, the union certification from NLRB, and one driver has even won unemployment benefits in a court case where the judge agreed that the driver had been inappropriately labeled as an "independent contractor". Additionally, there is legislation that is being considered that would make it easier to organize a union and negotiate a first contract.
For years, FedEx has been benefitting from the near impossibility of a strike by the drivers (due to the airline legislation they have been operating under). This is a major negotiating tool used by unions. If this legislation passes then FedEx will be making some major changes to their business model.
Finally, I find it hard to believe that the FedEx drivers will not unionize. They have already started the process and I doubt their would be so many lawsuits if the employees were so happy.
FedEx better learn to play nice and quick.
and fedex ground comprises how much of fx's total operating revenue?Their business model is flawed, sir. If and when the Ground division is forced to classify drivers as employees rather than contractors, they're in trouble...IMHO. Employees can unionize, contractors can not. -Rocky