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Try fedexaminer.com for the real scoop from real fedex drivers.
This post nails it. FedEx has nothing over UPS. The looming legal battle over FedEx's use and abuse of "contracters" is a battle FedEx Corp can't win.If UPS has 60% of the market, and fedex only 25%, of course fedex stock has more upside potential. UPS could buy fedex and only add 40% to their volume. If fedx took all UPS business, it would add more than 200% to their business.
Having worked 5 yrs as a so called contractor at fedex ground, I would say UPS has nothing to worry about. Just about any contractor who claims to earnmore than about $18 is using fuzzy math. If you adjust for no overtime pay, but plenty of 60 hour weeks, no paid hoidays, no sick pay, paying your own medical, dental, retirement, and so on, most fedex contractors make the equivalent of $10-$13 an hour. Most of those who stay simply don't understand the difference. They get a 1099 at the end of the year that says they earned maybe $80k. after expenses its down to $45k. After paying the feereal taxes the employer usually pays, they might have $40k income for the year. They think thats pretty good, never figuring that is for 55 hours a week, 52 weeks a year.
Fedx is now charging drivers to take time off- its known as the vacation club "lovingly." Thats why the dozens of lawsuits against fedex. Even in Express, which does have employee drivers, fedex has lawsuits pending over discrimination, falsifying time records, and hostile work environment.
Fedex mgmt can't figure out the math that Fedex would be better off using employees like UPS. If it works for number 1, why would a distant #2 think their way is better? UPS is number one because of their EMPLOYEES.
cURRENT FEDEX MGMT APPEARS TO BE MILKING THE COMPANY WITH HUGE BONUSES AND PENSIONS AND LEAVING A BIG MESS FOR THE future mgmt.
Fedex went from one of the top companies to work for to off the chart of the top 100 companies to work for in less than 5 years. UPS has nothing to worry about.
I am a feeder driver for UPS. I put in about 55 hours per week and net about the same $1400 to $1500 or about $93000. gross per year. I just punch in do my run and punch out. Thats in addition to great company paid medical benefits and pension. Currently $3700 per month after 30 years at ant age or 25 years at age 55. Some of the drivers are making over $ 100000. Not to shabby for driving a truck. I wonder how many Fed X drivers even come close to that.
Maybe he's not; but instead of constantly gripeing about CS on this board (which does nothing) I would bet that tae is grabing the bull by the horns & retireing when he wants to. It's called PLANNING--not CRYING--YA oughta try it. Need a kleenex?
I will be the first to tell you all I was wrong. After working here at fedex for the last year I have been acoused of falsication..( Scanned a package as I was walking into the customers store at 1030 to save myself from a late) I have been Lied to, and I have been cheated of hours. Atleast when I was with brown I was well compensated for my work. Anyways, Sorry to you all. Fedex fed me a bunch of lies and I fell for them.
NOBODY deserves to have to work for that Big Ugly Purple Monster of a company.
Here in Denver, there's a grocery store chain called King Soopers. Its union and owned by Kroger. Anyway, emblazoned on the side of their distribution network's trailers is the phrase, "Our people make the difference." A shame more companies don't realize this. -Rocky
Except for the fact that the "people" (at City Market/Kings) are continually trying to Unionize
and management won't let it happen.
Huh??? Fredly, my corner King Soopers is already union as far as I know. H*ll, Denver endured a 45 day strike in the not so distant past by these workers. Back on topic....I think that, given time, UPS would be able to handle FedEx's volume. Might take a couple months and many, many late packages but I think it would happen. Maybe that's the optimist in me. -Rocky