Sounds about right. It all comes down to discretionary consumer spending and how much there is of it. Looking around my neighborhood I see people out and about spending their Christmas money get ready for winter. 5-15% lower volume than last year? They'll be damn lucky if they can get away with only 15% lower.Focus: FedEx's reduced holiday forecast no surprise to skeptical contractors
FedEx Corp stunned investors last week by signaling that it was bracing for a further decline in the number of e-commerce packages it will handle in the year-end holiday season.www.reuters.com
Of particular interest is the company believing they are well prepared for peak because “96% of contractors have signed Schedule K”.
Perfect explanation as to why FedEx is far down the toilet nowadays.
Crazy
"Go on take the money and run".....Steve Miller Band
Sounds like a scare tactic to get contractors to overstaff. No way numbers are going up.
What I would be interested in knowing is how many of these people had prior experience in the trucking industry when they signed on? Nobody failed anyone here. It's simply a matter of returning to the long standing history of thin trucking margins over capacity and strained relationships between trucking companies and their contractors/owner operators.
And that’s exactly why Amazon emulated a failing system, right?
Show me where I said it was a failing system? It is an industry that is reverting back to the " survival of the fittest" days of the past. I admit it. It would indeed appear that Raj and Johnny Dollar Sign are rolling the dice on the hope that they can get enough people to haul their junk for literally nothing. This is nothing new. They always wanted every damn dime the box generated. Now they're getting much more forceful and belligerent toward contractors. it would appear that they are certain that his approach will work and will succeed without breaking down the entire network.
You have always boasted about being of one being first to the scene as a contractor.
You still don't get it. After experiencing several decades of massive and accelerated growth Ground has reached it's maturation point. It can no longer rely on growth and pricing power as a way to offset a very poor setup to begin with or spend money on growth without hesitation.
For better or for worse, It's exactly all of that. Although I would add curiosity and motivation.
This is a prime example about the lack of due process. If the police report absolved the contractor employed driver of fault and or liability and the other driver was at fault for running into the back of the contractor's van it should be a closed matter. Then again because the contractor has no access to due process X is now free to withhold settlement dollars that it would not otherwise be legally entitled to do. And as contractors have over time put more and more dollars at risk their contractual barrier to due process becomes an even larger source of contractor grievance.
