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Should It Come As A Surprise?
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<blockquote data-quote="bacha29" data-source="post: 5297738" data-attributes="member: 58386"><p>To it's credit Ground always made the most important fact crystal clear. It is not in the business of creating enterprise value for third party contractors. You would always be nothing more than both a reliable and controllable source of low cost trucking and labor. </p><p></p><p>The only thing that made the venture modestly attractive in recent years was the influx of contract flipping speculators buying up at inflated and sometimes wildly inflated prices contracts from people who in their opinion didn't know what they were doing.</p><p></p><p>They on the other hand had all the answers.....or so they thought.</p><p></p><p>So today you have this bunch of heavily leveraged contractors with routes in multiple terminals all over the country with trucks in terminals loaded end to end and floor to roof sitting there with nobody showing up and take them out on the road and willing do it for peanut and table scrap wages. This in turn has brought on the so called "contingency contractors". They're like locusts. They come in , take the gravy loads get paid huge rate premiums compared to what in house contractors get then like locusts they move on after they've gleaned off the easy stuff. </p><p></p><p>This practice is a huge drain on earnings. If Fat Freddy can't find a way to solve it whoever controls the most seats on the board of directors will find a way.....Just make sure you're not in their way when they do.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5297738, member: 58386"] To it's credit Ground always made the most important fact crystal clear. It is not in the business of creating enterprise value for third party contractors. You would always be nothing more than both a reliable and controllable source of low cost trucking and labor. The only thing that made the venture modestly attractive in recent years was the influx of contract flipping speculators buying up at inflated and sometimes wildly inflated prices contracts from people who in their opinion didn't know what they were doing. They on the other hand had all the answers.....or so they thought. So today you have this bunch of heavily leveraged contractors with routes in multiple terminals all over the country with trucks in terminals loaded end to end and floor to roof sitting there with nobody showing up and take them out on the road and willing do it for peanut and table scrap wages. This in turn has brought on the so called "contingency contractors". They're like locusts. They come in , take the gravy loads get paid huge rate premiums compared to what in house contractors get then like locusts they move on after they've gleaned off the easy stuff. This practice is a huge drain on earnings. If Fat Freddy can't find a way to solve it whoever controls the most seats on the board of directors will find a way.....Just make sure you're not in their way when they do. [/QUOTE]
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