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fedex earnings up 40%
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<blockquote data-quote="Uncle Rico" data-source="post: 121017" data-attributes="member: 4974"><p>They don't want to tell you how they achieved those numbers. Fedex Express is being raped by its own cousin company fedex Ground and Home Delivery who are independent contractors. You shovel more and more of you business through this zero labor cost business plan, and yes your "profits" go up.</p><p>Just wait, oh man just wait until all those class action lawsuits are awarded to the independent contractors and then the proverbial snowball starts rolling. Fred:*******: is either going to have to pay these ICs big money or accept them as "employees" thus taking on huge labor costs as well as benefits, vehicular maintenance, and on and on that he currently has the IC pay for. I don't think he has that kind of cash laying around like UPS does. One day his business model will implode on him and the stock prices and dividends will be in the pennies, his earnings in single digit numbers.<img src="/community/styles/default/xenforo/smilies/group1/laugh.gif" class="smilie" loading="lazy" alt=":laugh:" title="Laugh :laugh:" data-shortname=":laugh:" /></p></blockquote><p></p>
[QUOTE="Uncle Rico, post: 121017, member: 4974"] They don't want to tell you how they achieved those numbers. Fedex Express is being raped by its own cousin company fedex Ground and Home Delivery who are independent contractors. You shovel more and more of you business through this zero labor cost business plan, and yes your "profits" go up. Just wait, oh man just wait until all those class action lawsuits are awarded to the independent contractors and then the proverbial snowball starts rolling. Fred:*******: is either going to have to pay these ICs big money or accept them as "employees" thus taking on huge labor costs as well as benefits, vehicular maintenance, and on and on that he currently has the IC pay for. I don't think he has that kind of cash laying around like UPS does. One day his business model will implode on him and the stock prices and dividends will be in the pennies, his earnings in single digit numbers.:laugh: [/QUOTE]
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