Ground to absorb Express

[It will be fine]

No educate me, and after you do that tell me why you don't provide insurance for them, and since you don't is they difference made up in their wages? Thanks for biting.

Look it up yourself. And yes, their wages are significantly higher than the express guys that I’ve spoken to in my area.

 

[bacha29]

Do you even know how little a family has to make to qualify for Medicaid? You’ve got egg on your face, might want to clean that up. Lol

If you're talking about the expanded Medicaid program eligibility is based on family size , adjusted gross income and those numbers vary from state to state and not all states have enrolled in the expanded Medicaid program.

 

[floridays]

Look it up yourself. And yes, their wages are significantly higher than the express guys that I’ve spoken to in my area.

I'll call a big BS on that. The wages may be higher, I guarantee they have to work many more hours for those wages. When you add benefits, which I assume you don't offer, we come to the total the compensation cost I mentioned in my previous post. It's not possible for you to offer the same under your contract. Please prove me wrong.

 

[floridays]

If you're talking about the expanded Medicaid program eligibility is based on family size , adjusted gross income and those numbers vary from state to state and not all states have enrolled in the expanded Medicaid program.

Hang around buddy, I may need you to call her on BS I don't know, I do understand numbers however.

 

[bacha29]

Hang around buddy, I may need you to call her on BS I don't know, I do understand numbers however.

When you combine the total compensation package, wage, overtime, health insurance premiums, pension fund contribution etc the average UPS driver generally makes at least DOUBLE what the average XGround contractor box mule makes. It's been that way for a long time and there's no sign that it will change anytime soon.

 

[floridays]

When you combine the total compensation package, wage, overtime, health insurance premiums, pension fund contribution etc the average UPS driver generally makes at least DOUBLE what the average XGround contractor box mule makes. It's been that way for a long time and there's no sign that it will change anytime soon.

I'd say it would be more than double. I'm an express guy, there isn't the same difference in total compensation, but I can safely say any express driver's total compensation is greater than an equal at ground. Would you agree? If not set me straight. @It will be fine left the conversation, I have no idea why. sarcasm.

 

[floridays]

@McFeely , is your MD's first name Randy?

 

[vantexan]

Look it up yourself. And yes, their wages are significantly higher than the express guys that I’ve spoken to in my area.

Lowest payscale at Express starts at over $16 and tops out in 9 years at over $26. With 4 higher payscales. What's significantly higher than that in your area?

 

[bacha29]

I'd say it would be more than double. I'm an express guy, there isn't the same difference in total compensation, but I can safely say any express driver's total compensation is greater than an equal at ground. Would you agree? If not set me straight. @It will be fine left the conversation, I have no idea why. sarcasm.

Another factor in the equation is that the UPS guy is going to draw a monthly Social Security benefit much higher than what the contractor mule will draw. In addition, XG controls what the contractor can pay his grunts by means of the contractor settlement and it 's by and large half what an UPS guy gets when you factor in everything and in many cases less than half
Going forward if you as a contractor can't get anybody to work for that kind of money, too bad. You're the one who placed yourself between a company who wants to pay nothing and a local labor force who won't do it for nothing.

 

[Fred's Myth]

You're ignorant.

FedEx offers the ISP a deal with the ISP taking on all of the expense and all of the risk and the ISP takes it. FedEx doesn't know or care what the expenses are. Why should it? Those expenses aren't cutting into its bottom line.



LOL. Fred kept the contractor model because THAT WAS WHAT WAS SO APPEALING ABOUT THE DEAL.



You've got all sorts of opinionated nonsense to explain why you think it'll work. I'm dealing with the realities of why it won't -- the same realities that FedEx and anyone with even the most basic analytical and actuarial skills can see from miles away.

They aren't going to give up great money that they get with very little effort for the sake of good money that would require substantial investments of time, money, and risk.

Not trying to invalidate your points, but the overarching criterion in my mind is, is the model sustainable?
You don't see constant challenges to Express' employer/employee standard playing out in court.
Betting on a horse that you consistently have to modify is risky. Soon, you run out of options to adapt.
If you're only interested in the next race, then gamble away.
Since FedEx is placing its pension benefits in the hands of Metropolitan Life, my horse just left the track.

 

[bacha29]

Not trying to invalidate your points, but the overarching criterion in my mind is, is the model sustainable?
You don't see constant challenges to Express' employer/employee standard playing out in court.
Betting on a horse that you consistently have to modify is risky. Soon, you run out of options to adapt.
If you're only interested in the next race, then gamble away.
Since FedEx is placing its pension benefits in the hands of Metropolitan Life, my horse just left the track.

Indeed. You can't go on forever welding contract addendums on top of a decades old stack of contract addendums and not reach a point where the bead will no longer hold, especially if you are trying to maintain the same vague and ambiguous nature of the document thereby allowing you to continue to whatever you damn well please with it.
As for the transfer of your pension, they seemed awfully quick to bring the PBGC into the conversation in an effort to legitimize the deal. They're clearly trying to get ahead of something here and it has to be more than the divestiture of legacy costs.

 

[59 Dano]

E commerce already accounts for 29% of XPO's total business. Final mile business is growing by 20+% annually. As a result they are building 30 new final mile hubs this year. In addition, they are already farming out one third of their final mile business to "independent contractors" It's all there in they're Q 4 transcripts which also discloses the fact that they plan to make one and possibly two acquisitions this year. When you're cranking 675M a year in free cash flow and is expected to grow to a billion annually in the next couple of years then what they do with it......stay tuned.

You've been here posting this kind of "Someone did something and some random irrelevant statistic did something so be ready for something else big to happen" crap for 2 years now. NONE OF IT EVER HAPPENS. I've never seen you follow up one of these types of posts with anything, ever.

 

[vantexan]

You've been here posting this kind of "Someone did something and some random irrelevant statistic did something so be ready for something else big to happen" crap for 2 years now. NONE OF IT EVER HAPPENS. I've never seen you follow up one of these types of posts with anything, ever.

Amazing that you read it all.

 

[59 Dano]

Not trying to invalidate your points, but the overarching criterion in my mind is, is the model sustainable?
You don't see constant challenges to Express' employer/employee standard playing out in court.
Betting on a horse that you consistently have to modify is risky. Soon, you run out of options to adapt.
If you're only interested in the next race, then gamble away.

It's not too big of a gamble. The court system may again find that there's an issue with some part of the model. OK, FedEx changes that part of the model, pays what it has to pay, and moves on. The next round of contracts will reflect that change.

Since FedEx is placing its pension benefits in the hands of Metropolitan Life, my horse just left the track.

It wouldn't matter to me one bit whether it was FedEx of MetLife. Actually, I take that back. I'd trust MetLife to manager a pension fund better than FedEx can manage it.

 

[59 Dano]

Indeed. You can't go on forever welding contract addendums on top of a decades old stack of contract addendums and not reach a point where the bead will no longer hold, especially if you are trying to maintain the same vague and ambiguous nature of the document thereby allowing you to continue to whatever you damn well please with it.
As for the transfer of your pension, they seemed awfully quick to bring the PBGC into the conversation in an effort to legitimize the deal. They're clearly trying to get ahead of something here and it has to be more than the divestiture of legacy costs.

Fred opened a can of Pepsi....

 

[vantexan]

Fred opened a can of Pepsi....

Cindy Crawford's ad was better.

 

[floridays]

Cindy Crawford's ad was better.

Cindy Crawford's was better.
Fixed it for ya.

 

[vantexan]

Cindy Crawford's was better.
Fixed it for ya.

True dat!

 

[floridays]

True dat!

Sorry I didn't do it in the DIDO approved fashion.

 

[vantexan]

Sorry I didn't do it in the DIDO approved fashion.

Yeah, you did it the right way.