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The Competition
FedEx Discussions
FedEx contractor revolt?
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<blockquote data-quote="It will be fine" data-source="post: 5354713" data-attributes="member: 55017"><p>I’ve talked about systemic problems. I’m not sure I’ve ever claimed to be on the edge of the financial abyss. My current contract is pure trash, I doubt I’ll post a profit this year. I didn’t spend all the Covid money so I have a lot of wiggle room to play with. Many contractors carry a lot more debt than I do, had a worse 2021 peak and lack the cash reserves I have. That’s a systemic problem worth discussing. My volume is down around 11%, I’ve cut 30% of my weekly dispatches and I’m still losing money. The system is broken, that doesn’t mean I’m broke.</p></blockquote><p></p>
[QUOTE="It will be fine, post: 5354713, member: 55017"] I’ve talked about systemic problems. I’m not sure I’ve ever claimed to be on the edge of the financial abyss. My current contract is pure trash, I doubt I’ll post a profit this year. I didn’t spend all the Covid money so I have a lot of wiggle room to play with. Many contractors carry a lot more debt than I do, had a worse 2021 peak and lack the cash reserves I have. That’s a systemic problem worth discussing. My volume is down around 11%, I’ve cut 30% of my weekly dispatches and I’m still losing money. The system is broken, that doesn’t mean I’m broke. [/QUOTE]
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