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Old 07-26-2008 | 09:15 PM
  #3  
sqwkvfr
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Joined: Sep 2006
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FedEx has a big problem with it's "independent contractor" model of running it's FedEx Ground division. They have been losing lawsuits and the Feds have now said that their ICs were, in reality, employees.

For some reason, FedEx is still doing business in this manner, I suspect because they are trying to figure out how to staff their ground routes with employees, buy a whole bunch of trucks (they don't own hardly any Ground trucks) and compensate a whole bunch of people who are a part of lawsuits in almost every state in the union.

I've read that it will cost a few billion dollars to get this all sorted.

I'd wait until this problem comes to a head and then buy like crazy.
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