We had a guy sell his routes for 3/4 million dollars. How's that for a benefits package?
How Are Those Insurance Benefits Working Out For You?
- Thread starter MrFedEx
- Start date
Cactus
Just telling it like it is
That's the best benefit of all. Getting out of that deal.
STFXG
Well-Known Member
How's your family time? Sounds like you are putting in a lot of OT.
If the price continues to climb, you and I are in agreement.
NonyaBiznes
Yanked Out My Purple-Blood I.V. In 2000!
I can't get my hubby OFF my insurance. Crap site won't let me cancel him (where the hell is the REMOVE button). He has CIGNA with his new job and I can't believe the difference. But then again, they are UNION (go figure).
Bottom line: exercise, eat decent and hope you never get sick or injured.
Bottom line: exercise, eat decent and hope you never get sick or injured.
MAKAVELI
Well-Known Member
It's open enrollment, you can change your plan through the fedexehr.com website.
What's the ratio for the average fed ex driver? Are they all selling their route for $775,000?
The guy that delivered in my area had two routes. He sold them both for just over $50,000.
I would ways like to have more family time. But the 7 weeks off a year is kinda nice. I have weekends and I do the best I can. My wife is able to be a stay at home mother. It's 100% better than the life I had growing up. To me I've righted a wrong that was done to me. This is worth it for me. I am eternally thankful to the teamsters for negotiating this life for me and ups paying for it. It this enough info for you?
He had 10. It's a relatively new phenomena. If you'd asked me 3 months ago, I'd have saI'd they're worth dirt. But we are finding a market in the financial markets, fund managers and others viewing the routes as investments. What's more is the company seems to be pushing that viewpoint. Makes sense. Make 7% on the money rather than 3 in equally stable stocks. Plus an investor like that puts more money back in the company. Small owners making a living look for 12 to 15% of gross. Investors happy with 7%? Yeah, the company wins at every angle.
Interesting. How much do you pay your guys to run your routes.
STFXG
Well-Known Member
I apologize if it sounded like I was being a dick with that question. Just trying to make my point that the UPS lifestyle isn't for me. I did the 60-70 hour weeks when I got started (10 years ago). It's not an easy lifestyle. I admire you guys that have made it a career and been able to keep some kind of a personal/family life. I was miserable. NOT for me
MrFedEx
Engorged Member
I apologize if it sounded like I was being a dick with that question. Just trying to make my point that the UPS lifestyle isn't for me. I did the 60-70 hour weeks when I got started (10 years ago). It's not an easy lifestyle. I admire you guys that have made it a career and been able to keep some kind of a personal/family life. I was miserable. NOT for me
OK, so now you sit on your ass and have your drivers do all the hard work at $10 per hour or so. Is your name Mitt?
STFXG
Well-Known Member
My drivers rarely break 8 hours per day. That puts their pay at a minimum of $16 per hour. Their trucks are also fully loaded with every comfort and entertainment option.
MrFedEx
Engorged Member
And zero benefits. Wow, I'd give-up insurance for AC and a stereo any day. Maybe your name is Herman.
STFXG
Well-Known Member
Your benefits? No thanks. I'd take a stereo.
MAKAVELI
Well-Known Member
So , I guess according to you, staying cool and listening to tunes is more important than benefits? You have learned well from your master, Fred S.
Not enough. The business model doesn't allow for it.
It will be fine
Well-Known Member
How does that work? Did the seller stay on to run the business? No financial guys are getting their hands dirty. Why bother selling if you still have to show up everyday for less pay?
Some guys stay on to run the day to day operations. Some retire and walk away. One is planning on selling and taking the profit to buy another business.
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