It sued him in a Tennessee federal court on Friday, asking a judge to stop him from "disparaging" its business "through a series of false and misleading statements." Graphics: įedEx hit Patton - who has made a fortune with FedEx Ground running 275 semi-trucks and delivery vehicles, selling routes to other entrepreneurs, and offering consulting services - with a "cease and desist" letter earlier this summer. A Reuters analysis of that unit's financials showed that drops in package transport and delivery spending have coincided with improved operating margins. Patton's crusade comes as new FedEx CEO Raj Subramaniam faces calls to boost Ground's returns. Memphis-based FedEx has traditionally been anti-union, but if Patton's efforts gain traction, they could squeeze the company's profit and disrupt business ahead of the crucial holiday shipping season. Patton is also forming a trade group to advocate for all delivery partners, including those working with Inc. He proposes that FedEx and contractors collaborate to find solutions.
"I am not here to be a bomb thrower and to trash FedEx Ground and the CEO," Patton told Reuters at the contractor conference he hosted in Las Vegas last weekend. The 36-year-old has morphed from one of FedEx's biggest boosters to one of its biggest adversaries. Patton is one of the largest contractors for FedEx Ground, the company's fastest-growing business, which relies on 6,000 "independent service providers" to get millions of packages to homes and businesses each day.
Tennessee businessman Spencer Patton has ratcheted up pressure on FedEx to boost compensation for contractors after company actions made it even harder for them to wring out profit in a downshifting, inflationary economy. LAS VEGAS (Reuters) -Package carrier FedEx Corp is facing a threat from an unusual source - one of its biggest delivery contractors.
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