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The Competition
FedEx Discussions
Express / Ground merger
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<blockquote data-quote="dmac1" data-source="post: 3035641" data-attributes="member: 60252"><p>Fedex may not sell drivers, but they sure make the contractors slaves to them. Immediately being tied to a $40,000 or more truck with a contract the other party can cancel at will makes it hard to leave. Even if you didn't pay for the area when fedex was giving them away, all the investment gets is a job. Anyone buying a contract now and paying 6 figures or more is still just buying a job with no guarantee that you won't lose your investment at the same time you lose your job.. That job better give them a 10% net income or else they are only making a few dollars over minimum wage. In reality they should be getting 10% on the investment PLUS at least another $60k or more per year for managing.</p></blockquote><p></p>
[QUOTE="dmac1, post: 3035641, member: 60252"] Fedex may not sell drivers, but they sure make the contractors slaves to them. Immediately being tied to a $40,000 or more truck with a contract the other party can cancel at will makes it hard to leave. Even if you didn't pay for the area when fedex was giving them away, all the investment gets is a job. Anyone buying a contract now and paying 6 figures or more is still just buying a job with no guarantee that you won't lose your investment at the same time you lose your job.. That job better give them a 10% net income or else they are only making a few dollars over minimum wage. In reality they should be getting 10% on the investment PLUS at least another $60k or more per year for managing. [/QUOTE]
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