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FedEx contractor revolt?
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<blockquote data-quote="bacha29" data-source="post: 5402852" data-attributes="member: 58386"><p>In his interview with Cramer this evening Raj made no mention of the contractor revolt. Only the press release spelling out all it's woes did FDX barely mentioned contractors demand for more compensation in a single briefly worded sentence. The demand for an emergency $.50/.20 raise....doesn't look to be coming your way anytime soon. Will there be an across the board rate cut? Not likely. They'll simply do it on a contractor by contractor basis. They'll give the individual contractor a little bit here but take it back someplace else and they have always done.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5402852, member: 58386"] In his interview with Cramer this evening Raj made no mention of the contractor revolt. Only the press release spelling out all it's woes did FDX barely mentioned contractors demand for more compensation in a single briefly worded sentence. The demand for an emergency $.50/.20 raise....doesn't look to be coming your way anytime soon. Will there be an across the board rate cut? Not likely. They'll simply do it on a contractor by contractor basis. They'll give the individual contractor a little bit here but take it back someplace else and they have always done. [/QUOTE]
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