Fedex Ground’s Largest Contractor Warns Inflation May Lead To Delivery Trouble
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Route Consultant founder and president Spencer Patton explains how FedEx Ground’s delivery network is at risk of collapse due to inflationary pressures, in the video published on Aug 19, 2022, “FedEx Ground’s largest contractor warns delivery collapse coming due to inflation“, below:
FedEx Ground contractors saw the latest rise in interest rates widen financial wounds that could hurt delivery speed. The company pays small businesses to deliver packages. The 6,000 contractors are responsible for buying their own trucks, fuel, managing maintenance and compensating staff. As they see costs rising without more compensation, some contractors are on the brink of bankruptcy, in the video published on July 27, 2022, “FedEx contractors say deliveries could slow as interest rates increase“, below:
As companies gear up for the holidays, Fed-Ex is struggling to deliver packages on time due to a labor shortage, while competitor UPS says its competitive wages and unionized work force are paying off. NBC News’ Jo Ling Kent explains, in the video published on Nov 6, 2021, “Fed-Ex Sees Labor Shortages As UPS Sees Growth“, below:
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