No Express employees all the pressure on contractors, they finally gave up on those idiotic Facebook ads for contractors, most of the comments were laughing at the ads by contractors or people who thought it was an ad for drivers.
Reports came out yesterday but quickly taken down that at an FXG terminal ( I won't disclose the location) management conducted a surprise vehicle inspection whereby they tagged out of service 74 trucks for various vehicle condition defects.
Keep in mind that they are going to buy back stock in a effort to reduce the number of shares outstanding in order to make operating results look better.
At the same time however they expect to in the end be one step removed from being completely out of the air express business focusing on lower margin ground freight business while at the same time are projected to triple their earnings per share in 5 years Expect them to drive harder bargains and take measures that up to that point would not have been expected in order to accomplish that feat.
Given the news if you're a nonunion employee or a heavily leveraged contractor especially one operating in a slow growing or economically depressed area you might want to think about vacating this sector of the economy the moment exit terms you could live with comes along.
