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Turning point coming
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<blockquote data-quote="bbsam" data-source="post: 5200706" data-attributes="member: 22662"><p>It’s not a one year snapshot. It’s an event that lasted a year plus and has changed history going forward. Huge difference. Post pandemic reality is the new “overall context”. And maybe you don’t overhaul it but you certainly don’t look at a year of suckage where your biggest competitor absolutely killed it and act like very significant changes need to happen.</p><p></p><p>For reference, a contractor on Facebook broke down fuel prices and Ground’s fuel supplement between the start of the contract and about a month ago. Fuel expense went up by 65%. FedEx fuel supplement went up by 53%. </p><p></p><p>One way or another, before this year ends, people will be parking trucks. It will be either under protest or simply unable to financially continue. And it’s not just one or two contractors throughout the country and it’s not just small “mom and pop”shops. It’s the larger investors who decide that continuing down the FedEx owning business isn’t profitable and doesn’t look to be anytime in the near future. </p><p></p><p>Investors are figuring this out at every level and Pittsburgh/Memphis is completely out of touch with it.</p></blockquote><p></p>
[QUOTE="bbsam, post: 5200706, member: 22662"] It’s not a one year snapshot. It’s an event that lasted a year plus and has changed history going forward. Huge difference. Post pandemic reality is the new “overall context”. And maybe you don’t overhaul it but you certainly don’t look at a year of suckage where your biggest competitor absolutely killed it and act like very significant changes need to happen. For reference, a contractor on Facebook broke down fuel prices and Ground’s fuel supplement between the start of the contract and about a month ago. Fuel expense went up by 65%. FedEx fuel supplement went up by 53%. One way or another, before this year ends, people will be parking trucks. It will be either under protest or simply unable to financially continue. And it’s not just one or two contractors throughout the country and it’s not just small “mom and pop”shops. It’s the larger investors who decide that continuing down the FedEx owning business isn’t profitable and doesn’t look to be anytime in the near future. Investors are figuring this out at every level and Pittsburgh/Memphis is completely out of touch with it. [/QUOTE]
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