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Lets go on strike
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<blockquote data-quote="dmac1" data-source="post: 4319381" data-attributes="member: 60252"><p>The routes have no value. You have an agreement to service routes- you don't 'own' the routes. And the business is worth something- the value of the vehicles, and some value for the income possible through the end of the contract. Paying more than that is a pure gamble over which you have little control. If you have 3 years left on a contract, and the potential of $100k per year NET income, with vehicles worth some positive amount, the 'routes' are worth something. But even that is a crapshoot because fedex can decide to pull the contract even if you perform 100% with no problems. And you have zero recourse if fedex does the 'pulling' of the contracts in the right way. Last time fedex did that, they did offer current contractors something but required a release to protect themselves. </p><p></p><p>I sold the right to service my first contract for $6000 and no vehicle when I signed a contract to service a different area fedex was opening to HD. That was when fedex was still prohibiting HD contractors from 'owning' more than one route.They were still prohibiting full absentee ownership and required 'owners' to perform most of the service, except for maybe vacation time, and it was almost impossible to get drivers approved in a reasonable time period.</p></blockquote><p></p>
[QUOTE="dmac1, post: 4319381, member: 60252"] The routes have no value. You have an agreement to service routes- you don't 'own' the routes. And the business is worth something- the value of the vehicles, and some value for the income possible through the end of the contract. Paying more than that is a pure gamble over which you have little control. If you have 3 years left on a contract, and the potential of $100k per year NET income, with vehicles worth some positive amount, the 'routes' are worth something. But even that is a crapshoot because fedex can decide to pull the contract even if you perform 100% with no problems. And you have zero recourse if fedex does the 'pulling' of the contracts in the right way. Last time fedex did that, they did offer current contractors something but required a release to protect themselves. I sold the right to service my first contract for $6000 and no vehicle when I signed a contract to service a different area fedex was opening to HD. That was when fedex was still prohibiting HD contractors from 'owning' more than one route.They were still prohibiting full absentee ownership and required 'owners' to perform most of the service, except for maybe vacation time, and it was almost impossible to get drivers approved in a reasonable time period. [/QUOTE]
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