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FedEx contractor revolt?
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<blockquote data-quote="bacha29" data-source="post: 5429970" data-attributes="member: 58386"><p>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.</p><p></p><p>Trucking has always been a recession sensitive consumer spending dependent business. During the Great Recession and COVID Ground still had growth, pricing power, earnings and government money to power it's way through. It doesn't have that now. Therefore, it has set out to cut somebody else's throat in what has historically been a cut throat business. In this case the throats of contractors are the most readily available. </p><p></p><p>It would appear here that there were some people who blinded themselves to the illusion of quick and easy riches and failed to understand the highly cyclical nature of the industry and plan accordingly. And as far as organizing contractors into a collective bargaining group, you first have to have access to due process of law and that's something that the company took away from contractors decades ago and getting it back will take decade and millions in litigation expense to reacquire.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5429970, member: 58386"] 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. Trucking has always been a recession sensitive consumer spending dependent business. During the Great Recession and COVID Ground still had growth, pricing power, earnings and government money to power it's way through. It doesn't have that now. Therefore, it has set out to cut somebody else's throat in what has historically been a cut throat business. In this case the throats of contractors are the most readily available. It would appear here that there were some people who blinded themselves to the illusion of quick and easy riches and failed to understand the highly cyclical nature of the industry and plan accordingly. And as far as organizing contractors into a collective bargaining group, you first have to have access to due process of law and that's something that the company took away from contractors decades ago and getting it back will take decade and millions in litigation expense to reacquire. [/QUOTE]
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