Ground opportunity

[zeev]

Trucking Thinks We're Replaceable! | Dave talks about the recent FedEx deal where they let go a lot of drivers! | By Smart TruckingFacebook

Dave talks about the recent FedEx deal where they let go a lot of drivers!

www.facebook.com

 

[MAKAVELI]

Trucking Thinks We're Replaceable! | Dave talks about the recent FedEx deal where they let go a lot of drivers! | By Smart TruckingFacebook

Dave talks about the recent FedEx deal where they let go a lot of drivers!

www.facebook.com

FedEx has these contractors by the balls.

 

[yadig]

FedEx has these contractors by the balls.

Yep,yep

 

[bacha29]

FedEx has these contractors by the balls.

Remember what I said in the past? That there is no governing legal authority in place with the power to make that contract as
unbalanced as it is binding upon FDX. That it turn means that every cent of money that contractor has tied up in the venture is totally at risk and it's fate decided by somebody other than the contractor. And why should they care? It's not their money or their house that has a second mortgage on it.

Despite that some individuals went diving into this so called "own your own business" whole hog and for the big settlements and for returns that at the time seemed to make the risks justified.

As evidenced by the growing number of abandoned routes and contracts for sale when it comes to those big cash settlements today they're paying it out as fast as they're bringing it in. And will continue to do so until they join the many others who simply ran out of cash.

I was harshly criticized for not scaling up any bigger than I had to be, drove a route everyday limited the hiring to only what I had to do in order to handle volume spikes then shifted the returns into more modest but less risky investments.

Given the stranglehold FDX has on it's contractors and based on recent news the economic noose is going to get even tighter.

 

[Artee]

Trucking Thinks We're Replaceable! | Dave talks about the recent FedEx deal where they let go a lot of drivers! | By Smart TruckingFacebook

Dave talks about the recent FedEx deal where they let go a lot of drivers!

www.facebook.com

Sounds like that guy is full of it. It was talked about in the news and in here. Isn't Spencer Patton now contracting through Amazon and trying to be a route broker?

 

[Mutineer]

Isn't Spencer Patton now contracting through Amazon and trying to be a route broker?

Patton was a route broker for Ground routes, and also owned 200+ Ground routes at the same time.

At some point, FedEx contractors nationwide (including Patton) began to become far more financially distressed than usual. So one day Patton puffed himself up, swung his dick around, got in front of a news camera, and drew national attention to the plight of FedEx contractors. This was a very ballsy move. Fat Freddy responded by cancelling all of Patton's routes like nothing.

Afterwards, Patton continued to be a broker for Ground routes and STILL kept on talking a big game to suckers and fools all about the fantastic opportunities contracting for FedEx!

Not unlike a pimp who got a big ol' dose of the clap from his best whore, and STILL puts her nasty ass on a street corner every night.

Patton's value is that he thoroughly demonstrated to everybody watching that FedEx is a thoroughly toxic company, only fools buy Ground routes, and you don't mess around with Fat Freddy.

 

[bacha29]

Patton was a route broker for Ground routes, and also owned 200+ Ground routes at the same time.

At some point, FedEx contractors nationwide (including Patton) began to become far more financially distressed than usual. So one day Patton puffed himself up, swung his dick around, got in front of a news camera, and drew national attention to the plight of FedEx contractors. This was a very ballsy move. Fat Freddy responded by cancelling all of Patton's routes like nothing.

Afterwards, Patton continued to be a broker for Ground routes and STILL kept on talking a big game to suckers and fools all about the fantastic opportunities contracting for FedEx!

Not unlike a pimp who got a big ol' dose of the clap from his best whore, and STILL puts her nasty ass on a street corner every night.

Patton's value is that he thoroughly demonstrated to everybody watching that FedEx is a thoroughly toxic company, only fools buy Ground routes, and you don't mess around with Fat Freddy.

At one time Spencer Patton was a 'good fella" and a "made man" in the organization until he gained a bit of actual independent power in as much as a FDX ground contractor was capable of getting. Economically speaking to the surprise of no one Spencer Patton "went to live with the fishes".
Seriously, if Patton was a straight as an arrow contractor instead of the grifter and con as credible as a TV evangelist that he is he might have had broader support from his fellow contractors. Unfortunately for Patton nobody out grifters or out con mans Fat Freddy.

But when the expected service failures and huge holes in the network open up.....don't worry....Dano will come to save the day with a whole new set of data, spread sheets and projections to explain to the board that boxes being piled up outside with tarps being thrown over them is while having been done regularly in the past is a seasonal practice and the boxes impacted by the volume that are currently piled outside will get delivered within a 4-6 week timeline.

 

[Mutineer]

At one time Spencer Patton was a 'good fella" and a "made man" in the organization until he gained a bit of actual independent power in as much as a FDX ground contractor was capable of getting. Economically speaking to the surprise of no one Spencer Patton "went to live with the fishes".
Seriously, if Patton was a straight as an arrow contractor instead of the grifter and con as credible as a TV evangelist that he is he might have had broader support from his fellow contractors. Unfortunately for Patton nobody out grifters or out con mans Fat Freddy.

But when the expected service failures and huge holes in the network open up.....don't worry....Dano will come to save the day with a whole new set of data, spread sheets and projections to explain to the board that boxes being piled up outside with tarps being thrown over them is while having been done regularly in the past is a seasonal practice and the boxes impacted by the volume that are currently piled outside will get delivered within a 4-6 week timeline.

I agree with your assessment, and I pity the contractors who got in when it was good, but didn't get out before it became quicksand. I also believe that if FedEx wants a contractor gone, that every contractor is dirty enough (whether they know it or not) for their contracts to be legitimately cancelled.

The only thing is that somehow Ground hasn't collapsed yet. The only explanation is that it's doing better than we think it is.

 

[zeev]

Freddy and Raj are piloting FedEx to a crash harass the employees into quitting add on to the contractors till it becomes unprofitable,take as much money out as possible . Blame the economy when it all happens than they are left with an ltl company that has a few planes. Just like Kmart and Sears just drain it down.

 

[bacha29]

Freddy and Raj are piloting FedEx to a crash harass the employees into quitting add on to the contractors till it becomes unprofitable,take as much money out as possible . Blame the economy when it all happens than they are left with an ltl company that has a few planes. Just like Kmart and Sears just drain it down.

Fats and Raj can only go on tossing out contingency cash like parade candy for just so long. When it's no longer there then you're likely to see the contractor capitulation really kick into high gear.

 

[Mutineer]

Freddy and Raj are piloting FedEx to a crash harass the employees into quitting add on to the contractors till it becomes unprofitable,take as much money out as possible . Blame the economy when it all happens than they are left with an ltl company that has a few planes. Just like Kmart and Sears just drain it down.

I've also considered that the decline (the suits would call it "restructuring") of FedEx is engineered and intentional.

Then "the economy" and a few other things will undoubtedly be blamed. I expect that we will also hear: "labor shortage, we can't find workers, and we need more immigrants."

LMFAO!

 

[bacha29]

Freddy and Raj are piloting FedEx to a crash harass the employees into quitting add on to the contractors till it becomes unprofitable,take as much money out as possible . Blame the economy when it all happens than they are left with an ltl company that has a few planes. Just like Kmart and Sears just drain it down.

Indeed. It comes back to what we've all said earlier. FDX has always made it abundantly clear that it is not in the business of creating enterprise value or building wealth for third parties. It's one and only objective is to acquire trucking and labor at the lowest possible cost while maintaining full, strict and unchallenged control over the suppliers of those resources.

And over the past several years costs have grown bigger while settlements have stagnated or even grown smaller to the point that a suspect place to invest your money has become a terrible place to invest your money.

And the irony of it all is that just a few months ago Fat Freddy was bragging about his company's so called "pricing power".

Little did anyone know that Fat Freddy's so called "pricing power" was not about shipping rate pricing power but rather the "pricing power" he was about to unleash on FDX contractor settlements. He knew that all he had to do was keep goading them on with the promise of prosperity until he had enough of them trapped in a narrow economic sleeve where they couldn't go forward or backward he could then crush them with his "pricing power".

 

[59 Dano]

Patton was a route broker for Ground routes, and also owned 200+ Ground routes at the same time.

At some point, FedEx contractors nationwide (including Patton) began to become far more financially distressed than usual. So one day Patton puffed himself up, swung his dick around, got in front of a news camera, and drew national attention to the plight of FedEx contractors. This was a very ballsy move. Fat Freddy responded by cancelling all of Patton's routes like nothing.

There's a bit more to it than that. He said that the Ground network was about to collapse and wouldn't survive the upcoming peak.

I understand the general purpose of what he was trying to accomplish but he couldn't have chosen a dumber way to go about it. Just completely stupid.

 

[zeev]

Patton was right Ground contractors have collapsed they are not ready to take Express. Buying company stock wth company money up tp 13% while Freddy and Raj sell against it classic destroy company move.

 

[Jkloc420]

@IVE GOTTA PACKAGE 4U needs a job

 

[SmithBarney]

I see FDX "taking over" contracted routes as they throw out contractors. Keeping the drivers and down the road, having an entire new staff of lower paid drivers after they've dumped all the Express Drivers

 

[yadig]

I see FDX "taking over" contracted routes as they throw out contractors. Keeping the drivers and down the road, having an entire new staff of lower paid drivers after they've dumped all the Express Drivers

Nope.