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United Parcel Service, Inc. Message Board

  • dudesbag dudesbag Jul 3, 2013 8:09 AM Flag

    Other freight/LTL downgrades and IC issue

    This morning both Werner and Knight were downgraded by analysts. The reason appeared to be over capacity in the sector leading to reduced margins. In addition, there seems to be an inevitable clash brewing with state Attorneys General regarding the excessive use of questionably classified independent contractors. Clearly, the states lose out when companies classify employees in that manner and as a result, some states are aggressively filing suit to halt the practice. The perfect example is what the state of New Jersey did many years ago to limit the practice in their construction industry. Since the the new UPS master freight contract will enhance Teamster wages and benefits, it means this FDX practice of operating its entire ground operation under this guise obviously slants the competitive landscape. I should think that for reasons of fairness to states, fairness to FDX ground employees and fairness to FDX competitors, this practice needs to end.

98.84-1.58(-1.57%)Jan 30 4:01 PMEST

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