The Business of Independent Service Provider Contracting https://info.etruckbizforfxg.com/blog Become an expert FedEx Ground Business Contractor or ISP while getting organized, profitable and successful by reading the latest news and guest posts on the eTruckBiz for FXG Blog. en-us Tue, 08 Nov 2022 21:48:23 GMT 2022-11-08T21:48:23Z en-us FedEx Contractors Misled About Contract Terms https://info.etruckbizforfxg.com/blog/fedex-contractors-misled-about-contract-terms <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/fedex-contractors-misled-about-contract-terms" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Untitled%20%28Facebook%20Cover%29%20%281%29-3.jpg" alt="FedEx Ground Contractors are suffering from poorly negotiated contracts" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span style="background-color: transparent;">At eTruckBiz, our mission is simple- to</span><span style="background-color: transparent;"> help contractors run the easiest and most profitable business possible. Recently</span><span style="background-color: transparent;">&nbsp;we’ve become aware of a potentially growing problem found within several contractors’ operating agreements. In each case, these were recently negotiated contracts done by popular brokers in the FXG space.</span></p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/fedex-contractors-misled-about-contract-terms" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Untitled%20%28Facebook%20Cover%29%20%281%29-3.jpg" alt="FedEx Ground Contractors are suffering from poorly negotiated contracts" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><span style="background-color: transparent;">At eTruckBiz, our mission is simple- to</span><span style="background-color: transparent;"> help contractors run the easiest and most profitable business possible. Recently</span><span style="background-color: transparent;">&nbsp;we’ve become aware of a potentially growing problem found within several contractors’ operating agreements. In each case, these were recently negotiated contracts done by popular brokers in the FXG space.</span></p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Ffedex-contractors-misled-about-contract-terms&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Results ISP Negotiation FedEx FedEx Ground Business Contract Negotiation contractor Profit Agreement consulting settlement Cash flow brokerage brokers Tue, 08 Nov 2022 18:30:00 GMT carey@etruckbiz.com (Carey Manders) https://info.etruckbizforfxg.com/blog/fedex-contractors-misled-about-contract-terms 2022-11-08T18:30:00Z Why NOW Is The Time For A Renegotiation https://info.etruckbizforfxg.com/blog/why-now-is-the-time-for-a-renegotiation <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/why-now-is-the-time-for-a-renegotiation" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Now%202.png" alt="Why NOW Is The Time For A Renegotiation" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Can anything good come from a grim <span style="color: #0600ff;"><a href="https://www.wsj.com/articles/fedex-says-preliminary-first-quarter-results-miss-expectations-as-macro-trends-worsen-11663275276" style="color: #0600ff;">FedEx earnings pre-announcement</a></span>?</p> <p>While the announcement and the withdrawal of next fiscal year’s guidance are ominous signs of storminess to come, there may be a silver lining. <span style="font-size: 16px;">In recent months, eTruckBiz has seen a 70% increase in renegotiation requests for its clients being granted, signaling that FedEx may be more willing than ever to work with struggling contractors.</span></p> <p>As many of you know from attending our many informational sessions over the years, the contractor model affords FedEx Ground the lowest cost provider of last mile transportation services in the industry.</p> <p>It appears that now may be the time to unleash the power of this competitive advantage.</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/why-now-is-the-time-for-a-renegotiation" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Now%202.png" alt="Why NOW Is The Time For A Renegotiation" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Can anything good come from a grim <span style="color: #0600ff;"><a href="https://www.wsj.com/articles/fedex-says-preliminary-first-quarter-results-miss-expectations-as-macro-trends-worsen-11663275276" style="color: #0600ff;">FedEx earnings pre-announcement</a></span>?</p> <p>While the announcement and the withdrawal of next fiscal year’s guidance are ominous signs of storminess to come, there may be a silver lining. <span style="font-size: 16px;">In recent months, eTruckBiz has seen a 70% increase in renegotiation requests for its clients being granted, signaling that FedEx may be more willing than ever to work with struggling contractors.</span></p> <p>As many of you know from attending our many informational sessions over the years, the contractor model affords FedEx Ground the lowest cost provider of last mile transportation services in the industry.</p> <p>It appears that now may be the time to unleash the power of this competitive advantage.</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fwhy-now-is-the-time-for-a-renegotiation&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Results ISP Negotiation FedEx FedEx Ground Business Contract Negotiation contractor Profit Agreement consulting settlement Cash flow recession Rates Sun, 25 Sep 2022 18:17:05 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/why-now-is-the-time-for-a-renegotiation 2022-09-25T18:17:05Z Introducing eTruckBiz Capital https://info.etruckbizforfxg.com/blog/introducing-etruckbiz-capital <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/introducing-etruckbiz-capital" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Financial%20Services%201.png" alt="Introducing eTruckBiz Capital" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>THE biggest thing on everyone's mind today is their company's financial health.&nbsp;</p> <p>FXG measures it with the <span style="color: #0600ff;"><a href="https://info.etruckbizforfxg.com/blog/financial-health-assessment-risk-or-reward" style="color: #0600ff;">Financial Health Assessment</a></span>, and it is top-of-mind as many must pay keen attention to fluctuating bank balances.<a href="https://www.etruckbiz.com/lending.html"></a></p> <p><span style="background-color: transparent;">In response to hundreds of requests, and in light of the current crisis, we are happy to announce the launching of our suite of </span><span style="color: #0600ff;"><a href="https://www.etruckbiz.com/lending.html" style="color: #0600ff;">Financial Services</a></span><span style="background-color: transparent;"> designed to help you with this current situation and beyond.</span></p> <p>There will be several more specific services coming, but the first and maybe currently most needed is <em><span style="color: #0600ff;">eTruckBiz Capital</span>.</em></p> <p><br></p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/introducing-etruckbiz-capital" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Financial%20Services%201.png" alt="Introducing eTruckBiz Capital" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>THE biggest thing on everyone's mind today is their company's financial health.&nbsp;</p> <p>FXG measures it with the <span style="color: #0600ff;"><a href="https://info.etruckbizforfxg.com/blog/financial-health-assessment-risk-or-reward" style="color: #0600ff;">Financial Health Assessment</a></span>, and it is top-of-mind as many must pay keen attention to fluctuating bank balances.<a href="https://www.etruckbiz.com/lending.html"></a></p> <p><span style="background-color: transparent;">In response to hundreds of requests, and in light of the current crisis, we are happy to announce the launching of our suite of </span><span style="color: #0600ff;"><a href="https://www.etruckbiz.com/lending.html" style="color: #0600ff;">Financial Services</a></span><span style="background-color: transparent;"> designed to help you with this current situation and beyond.</span></p> <p>There will be several more specific services coming, but the first and maybe currently most needed is <em><span style="color: #0600ff;">eTruckBiz Capital</span>.</em></p> <p><br></p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fintroducing-etruckbiz-capital&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Sun, 14 Aug 2022 18:55:32 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/introducing-etruckbiz-capital 2022-08-14T18:55:32Z A Different Perspective https://info.etruckbizforfxg.com/blog/a-different-perspective <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/a-different-perspective" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Different%20Perspective.png" alt="A Different Perspective" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>So as you might imagine, there is a considerable amount of chatter out there about some recent, controversial events.</p> <p>Many want to know what we think about the whole situation.</p> <p>We’re going to give you some thoughts, but I’d like to point out our perspective on the matter first.</p> <p>&nbsp;</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/a-different-perspective" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Different%20Perspective.png" alt="A Different Perspective" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>So as you might imagine, there is a considerable amount of chatter out there about some recent, controversial events.</p> <p>Many want to know what we think about the whole situation.</p> <p>We’re going to give you some thoughts, but I’d like to point out our perspective on the matter first.</p> <p>&nbsp;</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fa-different-perspective&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Law Management FedEx Ground Business Investment Agreement consulting Money settlement renegotiation Financial Fri, 29 Jul 2022 17:31:27 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/a-different-perspective 2022-07-29T17:31:27Z Network 2.0 = Contracting 2.0 https://info.etruckbizforfxg.com/blog/network-2.0-contracting-2.0 <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/network-2.0-contracting-2.0" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Start.png" alt="Network 2.0 = Contracting 2.0" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Well, the time has finally come.</p> <p>FedEx has officially announced the big move that we had known was coming for a long time.</p> <p><a href="https://www.freightwaves.com/news/fedex-launches-long-awaited-operational-integration"><span style="color: #0600ff;">The announcement</span></a> that they will be combining most of the operating components of their networks will trigger significant operational changes. The plan does include utilizing mostly contractors, even though <span style="color: #0600ff;"><a href="https://www.yahoo.com/video/fedexs-ceo-chart-growth-plan-100527370.html" style="color: #0600ff;">some are currently struggling.</a></span></p> <p>Many will recall that we have been signaling for more than 5 years that a change was coming. By far the largest issue will be that the demands of the new network will force contractors who operate <span style="color: #0600ff;"><a href="https://info.etruckbizforfxg.com/blog/why-is-fxg-transforming-the-biz" style="color: #0600ff; font-style: normal;">Lifestyle Businesses into operating Transportation Companies</a>.</span></p> <p>The time has come to put old habits behind and embrace change, or get left behind.&nbsp;<br></p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/network-2.0-contracting-2.0" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Start.png" alt="Network 2.0 = Contracting 2.0" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Well, the time has finally come.</p> <p>FedEx has officially announced the big move that we had known was coming for a long time.</p> <p><a href="https://www.freightwaves.com/news/fedex-launches-long-awaited-operational-integration"><span style="color: #0600ff;">The announcement</span></a> that they will be combining most of the operating components of their networks will trigger significant operational changes. The plan does include utilizing mostly contractors, even though <span style="color: #0600ff;"><a href="https://www.yahoo.com/video/fedexs-ceo-chart-growth-plan-100527370.html" style="color: #0600ff;">some are currently struggling.</a></span></p> <p>Many will recall that we have been signaling for more than 5 years that a change was coming. By far the largest issue will be that the demands of the new network will force contractors who operate <span style="color: #0600ff;"><a href="https://info.etruckbizforfxg.com/blog/why-is-fxg-transforming-the-biz" style="color: #0600ff; font-style: normal;">Lifestyle Businesses into operating Transportation Companies</a>.</span></p> <p>The time has come to put old habits behind and embrace change, or get left behind.&nbsp;<br></p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fnetwork-2.0-contracting-2.0&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> FedEx Management Ground Business Contract model Money Cash flow renegotiation Network 2.0 transformation Mon, 04 Jul 2022 10:15:00 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/network-2.0-contracting-2.0 2022-07-04T10:15:00Z Cashflow - The Good, The Bad & The Ugly https://info.etruckbizforfxg.com/blog/cashflow-the-good-the-bad-the-ugly <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/cashflow-the-good-the-bad-the-ugly" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Stump.png" alt="Cashflow - The Good, The Bad &amp; The Ugly" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>How can one the most attractive elements of FXG contracting be the most detrimental to it as well?</p> <p>Current economic conditions are uncovering some of the large stumps that have been covered by high tides for many years.&nbsp;</p> <p>Business as usual used to consist of volume growth, turnover &amp; recruiting challenges.&nbsp;</p> <p>Volume growth meant revenue growth, and this growth usually meant a steady or rising checkbook balance that could be relied upon to make payroll and other bills. Revenue growth also covered up deteriorating productivity and dare we use the term “efficiency”.</p> <p>Now, growth, at least until FDX unlocks more of the upcoming plan (which we'll be addressing in detail, stay tuned, much more to come on this), is now not there to keep the boat from hitting the stumps.</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/cashflow-the-good-the-bad-the-ugly" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Stump.png" alt="Cashflow - The Good, The Bad &amp; The Ugly" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>How can one the most attractive elements of FXG contracting be the most detrimental to it as well?</p> <p>Current economic conditions are uncovering some of the large stumps that have been covered by high tides for many years.&nbsp;</p> <p>Business as usual used to consist of volume growth, turnover &amp; recruiting challenges.&nbsp;</p> <p>Volume growth meant revenue growth, and this growth usually meant a steady or rising checkbook balance that could be relied upon to make payroll and other bills. Revenue growth also covered up deteriorating productivity and dare we use the term “efficiency”.</p> <p>Now, growth, at least until FDX unlocks more of the upcoming plan (which we'll be addressing in detail, stay tuned, much more to come on this), is now not there to keep the boat from hitting the stumps.</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fcashflow-the-good-the-bad-the-ugly&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Thu, 30 Jun 2022 22:47:12 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/cashflow-the-good-the-bad-the-ugly 2022-06-30T22:47:12Z Is The Service Provider Financial Crisis Getting Worse? https://info.etruckbizforfxg.com/blog/the-2022-service-provider-financial-crisis-an-update <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/the-2022-service-provider-financial-crisis-an-update" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Financial%20Crisis%20%281%29.png" alt="Is The Service Provider Financial Crisis Getting Worse?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>By now, it’s easy to see that everyone’s operating margins are being seriously squeezed.</p> <p>In an effort to force some sort of helpful response, <span style="color: #0600ff;"><a href="https://www.wsj.com/articles/delivery-contractors-blame-fedex-for-bad-holiday-season-11647093601?st=sqfc5d70oe39r1v&amp;reflink=desktopwebshare_permalink" style="color: #0600ff;">some made a plea to FXG</a></span> asking for assistance in various areas to solve a worsening financial situation.&nbsp;</p> <p>Trust us when we say that FXG is very aware of the plight of CSP &amp; TSP’s.</p> <p>But now, there is another added challenge that has reared its head. This one, along with inflation not seen for generations, is going to create some unprecedented financial problems that will test even the best operators…</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/the-2022-service-provider-financial-crisis-an-update" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Financial%20Crisis%20%281%29.png" alt="Is The Service Provider Financial Crisis Getting Worse?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>By now, it’s easy to see that everyone’s operating margins are being seriously squeezed.</p> <p>In an effort to force some sort of helpful response, <span style="color: #0600ff;"><a href="https://www.wsj.com/articles/delivery-contractors-blame-fedex-for-bad-holiday-season-11647093601?st=sqfc5d70oe39r1v&amp;reflink=desktopwebshare_permalink" style="color: #0600ff;">some made a plea to FXG</a></span> asking for assistance in various areas to solve a worsening financial situation.&nbsp;</p> <p>Trust us when we say that FXG is very aware of the plight of CSP &amp; TSP’s.</p> <p>But now, there is another added challenge that has reared its head. This one, along with inflation not seen for generations, is going to create some unprecedented financial problems that will test even the best operators…</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fthe-2022-service-provider-financial-crisis-an-update&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Results Bookeeping Training Intelligence Business Metrics Negotiation Profit consulting Money Cash flow Inflation Costs recession expenses renegotiation Financial Rates Sun, 01 May 2022 16:56:52 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/the-2022-service-provider-financial-crisis-an-update 2022-05-01T16:56:52Z The 2022 CSP Financial Crisis https://info.etruckbizforfxg.com/blog/the-2022-csp-financial-crisis <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/the-2022-csp-financial-crisis" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Financial%20Crisis.png" alt="The 2022 CSP Financial Crisis" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>So it’s not the <span style="color: #0600ff;"><a href="https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008#:~:text=The%20crisis%20rapidly%20spread%20into,Several%20businesses%20failed." style="color: #0600ff;">2008 financial crisis</a></span>, but in the FXG Contracted Service Provider world, it could ultimately prove to be worse.</p> <p>A combination of events has spawned a crisis that we foreshadowed back in August of 2021 in our post:&nbsp; the <a href="https://info.etruckbizforfxg.com/blog/the-dark-side-of-increased-density"><span><span style="color: #0600ff;">Dark Side Of Density</span>.</span></a></p> <p>What we described in that post has ultimately proven to be true, and is now exacerbated by the quickly deteriorating economic conditions.</p> <p>As business owners, solving problems is a daily occurance. This one however is going to need full attention, for an extended period of time.</p> <p>Let's begin our look at what to do about all this by analyzing the root causes of why the issues now exist...</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/the-2022-csp-financial-crisis" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Financial%20Crisis.png" alt="The 2022 CSP Financial Crisis" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>So it’s not the <span style="color: #0600ff;"><a href="https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008#:~:text=The%20crisis%20rapidly%20spread%20into,Several%20businesses%20failed." style="color: #0600ff;">2008 financial crisis</a></span>, but in the FXG Contracted Service Provider world, it could ultimately prove to be worse.</p> <p>A combination of events has spawned a crisis that we foreshadowed back in August of 2021 in our post:&nbsp; the <a href="https://info.etruckbizforfxg.com/blog/the-dark-side-of-increased-density"><span><span style="color: #0600ff;">Dark Side Of Density</span>.</span></a></p> <p>What we described in that post has ultimately proven to be true, and is now exacerbated by the quickly deteriorating economic conditions.</p> <p>As business owners, solving problems is a daily occurance. This one however is going to need full attention, for an extended period of time.</p> <p>Let's begin our look at what to do about all this by analyzing the root causes of why the issues now exist...</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fthe-2022-csp-financial-crisis&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Results ISP Negotiation Payroll Business Contract Profit consulting Money Inflation Costs Holiday Season Sun, 13 Mar 2022 18:51:46 GMT jeff@etruckbiz.com (Jeff Walczak) https://info.etruckbizforfxg.com/blog/the-2022-csp-financial-crisis 2022-03-13T18:51:46Z Paying Drivers Daily or Hourly? (Part 2) https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly-2nd-half <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly-2nd-half" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Paying%20Drivers%20Daily%20or%20Hourly%20Blog%20Post%20Part%202.png" alt="Paying Drivers Daily or Hourly? (Part 2)" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p style="text-align: center; font-size: 18px;"><em>This post is the second in a two-part series.</em></p> <p>In my last blog post, I shared that people often ask me, “Should I pay my drivers by the day or by the hour?”&nbsp; My answer is based on comparing both methods, and I'll tell you why I recommend paying drivers by the hour.</p> <p>Paying by the day is still most common because it’s a holdover from when delivery&nbsp;<em style="background-color: transparent;">volume was consistent</em><em style="background-color: transparent;">&nbsp;and only 5-days per work week</em><span style="background-color: transparent;">.</span></p> <p>As a result of adding residential service and e-commerce, package volume swings now vary widely on a daily basis. Paying drivers by the day has made business owner profitability more challenging.</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly-2nd-half" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Paying%20Drivers%20Daily%20or%20Hourly%20Blog%20Post%20Part%202.png" alt="Paying Drivers Daily or Hourly? (Part 2)" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p style="text-align: center; font-size: 18px;"><em>This post is the second in a two-part series.</em></p> <p>In my last blog post, I shared that people often ask me, “Should I pay my drivers by the day or by the hour?”&nbsp; My answer is based on comparing both methods, and I'll tell you why I recommend paying drivers by the hour.</p> <p>Paying by the day is still most common because it’s a holdover from when delivery&nbsp;<em style="background-color: transparent;">volume was consistent</em><em style="background-color: transparent;">&nbsp;and only 5-days per work week</em><span style="background-color: transparent;">.</span></p> <p>As a result of adding residential service and e-commerce, package volume swings now vary widely on a daily basis. Paying drivers by the day has made business owner profitability more challenging.</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fpaying-drivers-daily-or-hourly-2nd-half&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Structure Payroll Ground FedEx Ground overtime leadership Money Sun, 09 Jan 2022 16:15:00 GMT gary@etruckbiz.com (Gary Wade) https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly-2nd-half 2022-01-09T16:15:00Z The Question That Never Goes Away: Paying Drivers Daily or Hourly https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Paying%20Drivers%20Daily%20or%20Hourly%20Blog%20Post%20Part%201.png" alt="The Question That Never Goes Away: Paying Drivers Daily or Hourly" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><em>This post is the first in a series on choosing to pay drivers by the hour, or by the day.</em></p> <p>Almost every week, another new Contractor will ask me an old question.&nbsp; Should I pay my drivers hourly, or by the day? There’s truly one right answer, but complex dynamics cause many new CSP’s to believe that the old ways of paying drivers are acceptable.</p> <p>Many new Contractors do not bring transportation industry experience with them. Although it’s likely they achieved significant success in their previous ventures. That success can lead to a variety of ways they address driver compensation.</p> <p>New Contractors typically choose to either keep the same practices as the previous owner, or they make drastic changes. If they choose the latter, it’s because they recognize the existing compensation method is not financially feasible.</p> <div class="hs-featured-image-wrapper"> <a href="https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly" title="" class="hs-featured-image-link"> <img src="https://info.etruckbizforfxg.com/hubfs/Paying%20Drivers%20Daily%20or%20Hourly%20Blog%20Post%20Part%201.png" alt="The Question That Never Goes Away: Paying Drivers Daily or Hourly" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><em>This post is the first in a series on choosing to pay drivers by the hour, or by the day.</em></p> <p>Almost every week, another new Contractor will ask me an old question.&nbsp; Should I pay my drivers hourly, or by the day? There’s truly one right answer, but complex dynamics cause many new CSP’s to believe that the old ways of paying drivers are acceptable.</p> <p>Many new Contractors do not bring transportation industry experience with them. Although it’s likely they achieved significant success in their previous ventures. That success can lead to a variety of ways they address driver compensation.</p> <p>New Contractors typically choose to either keep the same practices as the previous owner, or they make drastic changes. If they choose the latter, it’s because they recognize the existing compensation method is not financially feasible.</p> <img src="https://track.hubspot.com/__ptq.gif?a=439871&amp;k=14&amp;r=https%3A%2F%2Finfo.etruckbizforfxg.com%2Fblog%2Fpaying-drivers-daily-or-hourly&amp;bu=https%253A%252F%252Finfo.etruckbizforfxg.com%252Fblog&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Business Structure Payroll Ground FedEx Ground overtime leadership Money Sun, 19 Dec 2021 20:53:48 GMT gary@etruckbiz.com (Gary Wade) https://info.etruckbizforfxg.com/blog/paying-drivers-daily-or-hourly 2021-12-19T20:53:48Z