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<blockquote data-quote="59 Dano" data-source="post: 5202619" data-attributes="member: 23516"><p>Wall Street would crap its collective pants, for the reasons (namely the former) that you gave.</p><p></p><p>How many Ground drivers are there? I don't know, but let's go with 35,000 and feel free to correct me up or down, as the case may be. FedEx would have to buy out those who own routes. It would have to buy a bunch of trucks. </p><p></p><p>It would be an accounting and administrative nightmare. That's tens of thousands of new employees who require additional HR, payroll, benefits, management, etc. positions. The trucks would require additional mechanics, though repairs could be bid out to third parties. Still, it's another direct expense and liability. </p><p></p><p>Those are just the things that immediately come to mind; there are more. It's a seismic increase in expenses to handle existing volume that isn't offset by a commensurate increase in revenue.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 5202619, member: 23516"] Wall Street would crap its collective pants, for the reasons (namely the former) that you gave. How many Ground drivers are there? I don't know, but let's go with 35,000 and feel free to correct me up or down, as the case may be. FedEx would have to buy out those who own routes. It would have to buy a bunch of trucks. It would be an accounting and administrative nightmare. That's tens of thousands of new employees who require additional HR, payroll, benefits, management, etc. positions. The trucks would require additional mechanics, though repairs could be bid out to third parties. Still, it's another direct expense and liability. Those are just the things that immediately come to mind; there are more. It's a seismic increase in expenses to handle existing volume that isn't offset by a commensurate increase in revenue. [/QUOTE]
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