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FedEx Discussions
Have Fedex Routes been taken or not renewed?
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<blockquote data-quote="bacha29" data-source="post: 3081191" data-attributes="member: 58386"><p>The thing to understand is that there are no specific criteria for route forfeiture or contract termination, it's open ended and you can be terminated for reason at all. It's all up to X. We had a guy who was indicted on several counts of embezzlement theft by deception receiving stolen property charges etc that were completely UNRELATED to his X contract. In an effort to keep his routes from being liquidated to pay the people he ripped off he tried to turn everything over to his daughter. No sooner than she took over both she who was also driving a route and one of her employees were in separate wrecks but never reported them. X simply took over the routes. </p><p>Another thing to keep in mind is that the fate of that reservoir of cash you hoarking up is entirely in the hands of somebody else and you'll tire of that quickly.The biggest challenge will be to find enough cash to keep your trucks running and to pay your guys enough money to keep them on the job. Yea you could generate a return of around 27% if you pay you guys starvation wages zero benefits and your managers an YOU are out there everyday driving a route yourselves .</p></blockquote><p></p>
[QUOTE="bacha29, post: 3081191, member: 58386"] The thing to understand is that there are no specific criteria for route forfeiture or contract termination, it's open ended and you can be terminated for reason at all. It's all up to X. We had a guy who was indicted on several counts of embezzlement theft by deception receiving stolen property charges etc that were completely UNRELATED to his X contract. In an effort to keep his routes from being liquidated to pay the people he ripped off he tried to turn everything over to his daughter. No sooner than she took over both she who was also driving a route and one of her employees were in separate wrecks but never reported them. X simply took over the routes. Another thing to keep in mind is that the fate of that reservoir of cash you hoarking up is entirely in the hands of somebody else and you'll tire of that quickly.The biggest challenge will be to find enough cash to keep your trucks running and to pay your guys enough money to keep them on the job. Yea you could generate a return of around 27% if you pay you guys starvation wages zero benefits and your managers an YOU are out there everyday driving a route yourselves . [/QUOTE]
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Have Fedex Routes been taken or not renewed?
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