FedEx Delivery Network is ‘On Brink of COLLAPSE’ Because Rising Costs Have Pushed Contractors to Brink of Bankruptcy, Owner of Delivery Truck Fleet Warns
- FedEx Delivery Network is ‘On Brink of COLLAPSE’ because rising costs have pushed contractors to Brink of Bankruptcy, Owner of Delivery Truck Fleet Warns
by JAMES GORDON FOR DAILYMAIL.COM, https://www.dailymail.co.uk/home/index.html
* FedEx Ground delivery contractors have been demanding higher pay and changes to operations with profit margins squeezed due to inflation
* Rising costs due to fuel and inflation mean local contractors that deliver FedEx packages on behalf of the conglomerate are at risk of going bankrupt
* FedEx doesn’t employ drivers for its Ground operation and instead relies on contractors — often small operations with tight profit margins
* FedEx recently severed links with one contractor, Spencer Patton who ran a fleet of 275 trucks across 10 states saying he was ‘spreading misinformation’
* Patton had signaled warnings: ‘The FedEx Ground network is in far more peril than what anyone realizes,’ he said
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