Contracting with FXG is like going to a casino where the odds always favor the house. Trouble though with FXG is that when it comes to the game itself the FXG casino is always changing the rules in order to make certain that the odds will CONTINUE to always favor the house.
Petition
- Thread starter bacha29
- Start date
They're allowing C-Corps and LLC's to hold contracts now?
Mutineer
Well-Known Member
Everybody who has ever had anything at all to do with contracting at Fat Freddy's Funhouse is very well aware of all that.
Preaching to the choir.
It will be fine
Well-Known Member
They’ve always allowed C-corps. There’s just no good reason to be setup as a c-corp tax wise.
Lol. Anguish? No. You’re reading that wrong. I’d call it bemused and curious. Anguished was months ago. I’ve rather settled into what is and feel somewhat detached from it all. I’ve never seen such a mismanaged mess of wrong decisions from a Fortune 500 company. They’ve got themselves in a bind and I don’t know what they do next. I think it’s interesting. Don’t you?
6 of those wins are somewhat dubious every year coming against NFC North foes.
Rodgers is fantastic, but could you imagine the salary cap hell they’d be in if he starts having significant injuries over the next few years?
But nobody here seems to have any idea as to how it's all going to wash out.
Cactus
Just telling it like it is
Sounds like Fred gonna’ parachute out of the sputtering plane before it crashes and burns.
Richard will be left holding the bag.
Mutineer
Well-Known Member
Isp's will be offered barely enough incentive to stay.
In the meantime, politicians will be bribed. The propaganda machine MSN will be directed to bleat the narrative of "labor shortage" and "we need more workers." The volume of this incessant din will be turned up to "11".
Work visas for foreign born English speakers will be cheerfully issued. Driver's licenses will be handed out like candy due to this "urgent need." And over time, one by one, ISP's will not have their contracts renewed.
ISP's will be offered barely enough incentive to train their foreign replacements. This has all happened plenty of times in the tech sector. Why not for schlepping boxes for tech-weenie overlords?
The ability of hand-held electronic devices (the one I tested) to plot a route and direct a driver where to go works mostly very well. And these devices get better every day.
This means that most any able-bodied idiot can go out cold on most any route and do OK on the first day.
The biggest question I have is if Amazon isn't doing all of the above right now, why aren't they?
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The discussion was about a petition presented to the company signed by about 12% of contractors requesting economic relief. Period. Nothing more. As BBSAM and I discussed nothing more can be said until after the earnings report and conference call later this week . At which time there may be some news regarding some modest steps they will take but if the numbers are good expect them to do nothing but if the numbers are bad and additional economy measures need to be taken.....guess who's going to bear the brunt of it.?
12%. That’s about 800 contractors. If even half that number was done and bankrupt come 3/31, what would happen? Do you think X could simply carry on as if nothing happened? Do you think 12% is represents the full number of distressed contractors?
Are you sure you don’t work for X? You really seem to dismiss this as a nothing-burger
. Again, I remain interested to see if they wake up to this issue soon. It’s definitely a problem that they can’t brush off as “a few bad businesses here and there.”Aside from throwing you a few additional crumbs what more can they do? Are they going to reduce their exposure to the ground box business? Are they scrapping the contractor model? Will they require you to run on your own DOT number? I did hear that they are going to make all contractors pay drivers hourly. If so then what they're telling you is that not controlling your labor costs is the reason for your struggles. Essentially what they would be saying is that the practice of paying on piece or salary.....you're paying to much.12%. That’s about 800 contractors. If even half that number was done and bankrupt come 3/31, what would happen? Do you think X could simply carry on as if nothing happened? Do you think 12% is represents the full number of distressed contractors?
Are you sure you don’t work for X? You really seem to dismiss this as a nothing-burger
And they may be right.
Maybe they need to prop things up to get them back on track. But the “few additional crumbs” you speak of, what is that? Put a dollar figure on it. $10 million? $100 million?
It won’t be cheap. But doing nothing isn’t an option at this point. Would have been far cheaper had they addressed the issues 2 years ago when they first started to arise.
It won't be more than window dressing in order to satisfy the analysists who be sitting in on the conference call. You've been at this long enough to see their past practices. There has always been contractors falling by the wayside since the very beginning but they've always found a way to dump the unserved area onto another contractor whether he wanted it or not. Will the scale of contractor capitulation reach a level and encompass are large enough area where this practice won't suffice? No one can answer that until it happens.
Nope. This is different and nobody is going to be calmed by “window dressing”.
That’s the thing about losing trust. It’s not easy to regain it.
Have you ever seen 12% fall by the wayside in a single year? 5%? Have you ever seen that many trying to get into the business at a time when so many contractors are publicly calling out the company?
Your confidence in this model and those running it is admirable but misplaced.
I never did have confidence when I've often stated that it's the poorest setup I ever saw. They did however make boo coo bucks and as a result got pretty accustomed to having the industry's best margins for several years.
Rest assured they will continue to try to plug holes with temps. rental trucks, expensive contingency contractors or just take the load and dump it onto the next closest to the area contractor whether he wants it or not.
A poor setup has now become a mess. Perhaps one of if not the most impactful force in the matter would be if banks stop loaning money to contractors based an increasingly unstable business model....You know what they say....No bucks....No Buck Rodgers. We'll know in 72 hours if there will be a clear direction or a growing disaster simply being papered over.
FedEx Ground’s forecasting snafus highlight challenges of contractor model
Many contractors made investments to move packages that never came.
www.freightwaves.com
The report tells you everything except answering the most important question of all.....What are the going to do about it?....They promise to do better....That's the "Purple Promise" alright. We know how credible that is.FedEx Ground’s forecasting snafus highlight challenges of contractor model
Many contractors made investments to move packages that never came.
I was amused about hoe the article noted Patton's carefully worded presentation so as not to anger Fat Freddy his overlord. Nobody is too big to not suddenly go among the missing.
I wonder if investors read any of these publications.
MAKAVELI
Well-Known Member
I would hope they do. Otherwise they aren't real investors.
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