How Top-Performing Retailers Leverage Analytics to Drive Shipping Success, Why some UPS shippers havent diverted volume even as a potential strike looms, UPS, Teamsters to resume contract negotiations next week, A FedEx Ground contractor leading a group charge for higher per-stop pay by Black Friday called President and CEO John Smith's, "I know what decision I will be financially forced to make for my own business on November 25th of 2022, but every contractor is going to have to make their own individual decision about what is best for his or her own business,Patton Logistics President and founder Spencer Patton said. Discover today's celebrity birthdays and explore famous people who share your birthday. window.googletag = window.googletag || {cmd: []}; The ramp-down of Sunday service and a favorable renegotiation could turn some fates around. In a separate email on Saturday, the company said the action was based on Pattons businesses continued failure to meet the terms of their service agreements, despite the company providing them opportunities to do so. Data Delivered! And FedEx isn't the only player here who thinks that Patton is making noise about contractor distress to his advantage. window.googletag = window.googletag || {cmd: []}; It's actually a myth about how to make money on Facebook Spencer Burdette Patton (born February 20, 1988) is an American professional baseball pitcher in the Oakland Athletics organization. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. 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Beyond securing agreements that counteract inflationary pressures, the association could also call for reclassifying contractors as franchisees via legal challenges and petitioning government officials and regulators, Patton said in an email. presentation at a contractor expo in Las Vegas last month. }); The Aug. 26 actions also provide Patton with political cover of sorts to continue his very public criticisms of FedEx Ground, the person said. Spencer Patton is a Baseball pitcher. FedEx has also significantly curtailed Sunday service, which Patton touted repeatedly as a key fix for contractors' struggles. "The franchiser has to report on the health of their franchisees, they have to disclose the failure rates and franchisers also can't make 30-day notice contractual changes," Patton said. I know Route Consultant will continue to communicate the pros and cons of contracting with FedEx Ground. Patton's talk was one of two keynotes he gave as part of the annual conference hiscompany, Route Consultant, puts on for the many contractors who deliver packages for FedEx's Ground service. Here's how we got to this moment. His net worth has been growing significantly in 2020-2021. Costs are soaring, e-commerce delivery volumes have slowed and contractors face the reality of being paid less for residential deliveries than for high-density business-to-business deliveries, where each stop could involve the delivery of hundreds of packages. Its clear FedEx Ground wants to change the subject instead of directly addressing why they charge the U.S. consumer an inflation/gas fee but dont pass that revenue on to the small business owners actually paying for it, according to the statement. Scroll below to check Spencer Patton Net Worth, Biography, Age, Height, Salary, Dating & many more details. Photo: Diana King for The Wall Street Journal . Response to FedEx Ground's Lawsuit Against Its Small Businesses from The lawsuit and the operating revocation, which both occurred on Aug. 26, could be interpreted by many contractors as hardball moves by a tough company that has so far failed to take their plight seriously. In addition, residential delivery volumes have leveled off along with post-pandemic e-commerce activity. About Us Route Consultant Spencer Patton Net Worth. However, he noted that franchisees enjoy benefits that contractors don't, including a greater ability to share information with each other. googletag.enableServices(); For many contractors, the last two years of pandemic-fueled delivery spikes were very good for their daily operations and for the resale value of their territories. Spencer Patton was born on February 20, 1988 (age 35) in Urbana, Illinois, United States.According to numerology, Spencer Patton's Life Path Number is 3. Height: 6 ft (1.85 m) Profession: Wrestler. In 2016, Patton made 16 relief appearances for the Cubs and finished 11 with a 5.48 ERA. According to our database, Spencer Patton is still alive. Also learn how He earned most of networth at the age of 32 years old? Satish Jindel, president of SJ Consulting Group, isn't convinced Ground could move to a franchisee model. However, he added that even with improved disclosure requirements and other perks, becoming a franchisee is "not a panacea" that suddenly solidifies a strong relationship. Data Delivered! Without additional financial support from FedEx Ground, many contractors may not make it through the end of the year, Patton warned. Following his senior season at SIUE, Patton was awarded the NCAA Division I Rawlings Gold Glove Award for 2011. I dont support the fact that a company will not even try to help his contractors, we all went through a recession or inflation whatever definition we give it. At the same time, there are contractors who believe that Patton doesnt speak for them, and that it is not his place to get between their businesses and FedEx Ground. He is not dating anyone. Spencer Patton Wiki Biography, Age, Height, Wife, Net Worth, Family googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); "I can see how a business that doesn't consider itself a franchise business would maybe instinctively say, 'That's opening up a can of worms if we concede that we are in effect franchisers,'" he said. By all accounts, Patton is a highly intelligent, innovative entrepreneur who adds value to contractors by bundling vital services under one umbrella. Spencer Patton's income source is mostly from being a successful Player. Previously city included Brentwood TN. As [Patton] stated, he knew what he was getting into. There is something wrong when you cant make enough money to pay the bills each month. "I care about the network as a whole. Pattons increased visibility is evidenced by the fact that the two-day contractor expo, which historically doesnt draw a huge crowd, was attended by 3,500 contractors. Though he urged contractors to think twice about signing their holiday-season contracts, FedEx executives said on their latest earnings call that 96% of contractors had agreed to its terms for the peak period. In a filing early Friday, the U.S. ground-delivery unit of FedEx Corp. (NYSE: FDX) accused Spencer Patton of "creating a fictionalized crisis" between FedEx Ground and its approximately 6,000 contractors so he could drive contractor business to his companies. Patton has also acquired an unspecified financial stake in a Smyrna, Georgia-based company called Bright Flag Recruiting, which recruits drivers for FedEx contractors, according to the person. During his Saturday keynote, Patton said he would cease working with FedEx Ground on or about Nov. 25 the big shopping day known as Black Friday unless the company helps out his business. Although FedEx Ground has cut ties with outspoken delivery contractor Spencer Patton, an organization he founded could continue to pressure the company to shake up its operating model. Many contractors knew him from his Youtube videos. He also has a crypto business that teaches about bitcoin. "We need help fast!" It was Spencer Patton, a bespectacled 35-year-old former hedge fund manager in a polo shirt and khakis. }); googletag.cmd.push(function() { Spencer Patton Biography, Age, Height, Wife, Net Worth, Family It should be relatively easy for FedEx Ground to replace Pattons routes, which accounted for about 0.5% of the units 60,000 U.S. routes. Contractors said that from 2020 to the 2021 holiday season, their payouts decreased by 20%, although package volume was roughly the same. Last week, more than 4,000 FedEx contractors representing roughly two-thirds of the FedEx Ground network convened in Las Vegas for the conference Patton hosts every year. At 35 years old, Spencer Patton height "I just need to see the contractors make money as well. Insider spoke directly with 17 FedEx contractors for this story, all of whom Insider granted anonymity because they fear retribution from FedEx. FedEx Sues Ground Contractor, Cancels His Routes - WSJ Topics covered: Supplier relationships, payments & contracts, risk management, sustainability & ethics, trade & tariffs, and more. Patton oversaw a network, called Patton Logistics, with 275 trucks with 225 employees. Let Supply Chain Dive's free newsletter keep you informed, straight from your inbox. Connect with us online or at an upcoming event to put a face with a name. NASHVILLE, Tenn., July 20, 2022 /PRNewswire/ -- In a video appeal and supporting letter Spencer Patton, Founder + President of Route Consultant, urged FedEx Ground to provide substantial financial . Shaw. Spencer Patton currently plays position Texas Rangers for Texas Rangers in Major League Baseball, the senior baseball league in the United States. Two of the largest are Patton Logistics and Route. And with no more routes to stop running, Patton can't follow through on his threat to stop service. Spencer Patton height - How tall is Spencer Patton? On November 18, 2019, Soto signed a 1-year extension to remain with the BayStars. In a statement issued after the suit was filed, Patton said, "I am not afraid of a lawsuit from FedEx." In a mid-August talking points memo for staff, obtained by Insider, FedEx said it has "multiple contingency levers available" to keep service consistent despite claims that contractors are failing. window.googletag = window.googletag || {cmd: []}; Hours after filing suit seeking "permanent injunctive relief and monetary damages" related to. Discover Spencer Patton net worth, Biography, Age, Height, Family and career updates. Spencer Patton Born: February 20, 1988 (age 35years), Urbana, Illinois, United States, Spencer Patton Children: Bode Olin Patton, Palmer Jo Patton, Bruer Morris Patton, Spencer Patton Education: Southern Illinois University Edwardsville, Parkland College, South Central High School, Spencer Patton Number: 45 (Chicago Cubs / Pitcher), MORE, Spencer Patton Salary: 507,500 USD (2016). "I thought, 'Holy shit, OK, I don't feel as bad now,'" he told Insider. "I am being forced to pull our small businesses out of the communities we serve, but we are working hard to re-home our employees," Patton said. FedEx Power Play Sends the Wrong Message to Contractors On Saturday afternoon, Spencer Patton, the leader of an effort to improve the lot of contractors that pick up and deliver packages for FedEx Corp.'s (NYSE: FDX) ground-delivery unit, will speak before a gathering of about 3,000 contractors in Las Vegas. Spencer Patton was born on 20 February, 1988 in Urbana, Illinois, United States, is an American baseball player. Spencer Platt/Getty Images via Getty Images On Friday, FedEx filed a lawsuit against what was its largest delivery contractor, Spencer Patton. googletag.pubads().enableSingleRequest(); Patton was also named co-pitcher of the year while Pitching for Forest City, NC, of the Coastal Plain League in 2009, winning a CPL championship and being ranked as the #1 collegiate summer team in the country (according to Perfect Game) with a record of 51-9. Spencer Patton floated contractor reclassification as the next phase of his campaign against Ground leadership. The various businesses generate tens of millions of dollars in annual revenue and are quite profitable, said the person, who is intimately familiar with FedEx Grounds operation. Career Earnings: We have a long history of maintaining open lines of communication directly with individual service provider businesses and their owners and not through the media," FedEx said in an emailed statement Wednesday. He is a two . I sell them at outlandish prices saying buying FedEx Routes are like buying Apple stock at $1. "We can confirm FedEx Ground exercised its rights to immediately stop contracting with a small number of service provider businesses owned by one individual," a FedEx Ground spokesperson said in a statement. We lit up the telephone lines to contractor relations and they gave us the extra $5 also. "They want to get rid of the troublemakers. We dont have much information about Hes past relationship and any previous engaged. "We remain committed to engaging in a productive dialogue with each business to understand and address any challenges they may be facing.. Entities are required to purchase the right to operate the territories, and are free to sell those rights as well. Hours later, FedEx Ground terminated all of Patton's contracts. FedEx announced some reduction of Sunday service in July, but it's pulling back even harder now after announcing a dramatic decrease in earnings expectations for the fiscal year in September. Route Consultant programs offer new investors and current contractors a . Patton Logistics, Inc. The group's purpose is to voice concerns, petition for change and, if necessary, "participate in legal challenges against FedEx Ground," Patton said. Its offering is vastly different than other companies using franchisees like McDonald's, said Jindel, a founding member of Roadway Package System, which FedEx acquired and rebranded to FedEx Ground in 2000. Patton, like all other FedEx Ground contractors, operated across designated territories under contracts that run between 12 and 18 months. Our team knows this industry inside and out, and our team of professionals bring decades of combined contracting experience. According to the person, Silicon Ledger has helped or is helping between 1,000 and 1,500 contractors qualify for the employee retention tax credit (ERTC), which was created at the start of the pandemic to encourage eligible businesses to keep employees on their payrolls. Spencer See. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Hes not going to stop bashing them.. is 1.85m . He was signed by the Texas Rangers in February 2021. Quick Facts: Here are some interesting facts about Spencer Patton: The allowed their cash cow and didnt allow it to assimilate to the changing conditions, notably thumbing their nose at Amazon among others. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); A medium-sized contractor from the West Coast who had purchased multiple routes through Route Consultant weeks before the Las Vegas conference told Insider they weren't made aware of the problems Patton had been speaking out about for months. A FedEx Ground contractor leading a group charge for higher per-stop pay by Black Friday called President and CEO John Smith's stern response to the alliance "tone-deaf," as tension continues to brew between corporate leadership and independent delivery providers. And while the company went after Patton, it has made some of the changes he called for. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. Disclamer: Spencer Patton net worth displayed here are calculated based on a combination social factors. FedEx sues, then cuts ties with delivery contractor Patton Fellow contractors reached out and asked our team for help with their profitability, operations, organizational culture, and route sales. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); After he called . Industry InsightsE-CoursesWeekly Webinars, Privacy PolicyDo Not Sell My InfoTerms Of Use, 5511 Virginia Way, Suite 400, Brentwood, TN, 37027, United States. googletag.pubads().enableSingleRequest(); And now, especially with drastic cost cuts on the agenda for FedEx, Patton said he's not looking to ratchet up the conflict. @Mark Solomon, terrible article full of inaccurate information.So let me get this straight, I sell FedEx Routes to people when FedEx Ground actually issues them for free. }); FedEx Ground last week revoked the operating authority of Spencer Patton, the renegade Tennessee-based delivery contractor who has risen to prominence by calling attention to the financial plight of many of the FedEx Corp. units 6,000 contractors. The Trade Association for Logistics Professionals will hold nominations for its 10-person leadership committee from Aug. 10 to Sept. 9., with voting taking place from Sept. 12 to Sept. 18. Patton is in a pretty good position to go up against this behemoth, especially if he can get enough contractors to file a class action lawsuit against FEDEX that would be a very public case that could influence stock prices. These providers, which FedEx said earned an average revenue of $2.3 million last year, use their own fleets and employees to complete deliveries or provide linehaul services for Ground. He is a celebrity baseball player. Their identities are known to Insider. googletag.pubads().enableSingleRequest(); After he called for a better deal for FedEx contractors, FedEx sued Patton. Patton attended Parkland College in Champaign, Illinois where he played baseball for one year. His net worth has been growing significantly in 2022-2023. , money, salary, income, and assets. Spencer Patton - The Richest Star FedEx Ground negotiates contracts directly with individual contractors, and has said it has no interest in working with third parties seeking to negotiate on behalf of other contractors. Personal details about Spencer include: political affiliation is unknown; ethnicity is Caucasian; and religious views are listed as Christian. Ousted contractor launches vote of no confidence in FedEx Ground CEO We recommend you to check the complete list of Famous People born on 20 February. Zach LaVine's net worth in 2023 is estimated to be around $70 million. }); Patton declined comment beyond a statement issued late Friday afternoon disclosing the termination. The headline read that FedEx Ground Delivery Becomes a Road to Riches for Contractors and noted that the price of delivery territories had increased 50% over three years. Patton also owns a company called Hello Truck Lease, an equipment leasing firm designed to support the leasing needs of FedEx contractors. No nuts to do a real article, more fake news outlets. googletag.cmd.push(function() { A FedEx employee sorts boxes on the sidewalk on November 21, 2019 in New York City. I like when someone hits the nail on the head and let the reader decide instead of helping them form an opinion. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. googletag.pubads().enableSingleRequest(); Late Friday, the ground-delivery unit of FedEx Corp. (NYSE: FDX) announced it immediately ceased working with a group of delivery service providers controlled by Spencer Patton, a Nashville, Tennessee-based contractor engaged in an increasingly hostile fight with FedEx Ground over the financial condition of its 6,000-member contractor network. googletag.pubads().collapseEmptyDivs(); According to our Database, He has no children. We have contingency plans in place and do not anticipate any impact to service based on these contract actions, it said. FedEx Ground contractors demand inflation help to prevent delivery A cybersecurity expert gives insight on what companies can do. Patton said it strains credulity that he would be trying to feather his own nest by deliberately stirring the pot when the fallout would be to reduce the value of the routes he is trying to broker. To thousands of contractors, Patton has taken on white knight status by coming to their rescue during what everyone, including FedEx Ground, agrees is a challenging business environment. FEDEX has a history of exercising is will against their service providers. Topics covered: last mile, shipper-carrier relations, and trends in rail, ocean, air, truck, and parcel shipping. 96% Net worth score Disclamer: Spencer Patton net worth displayed here are calculated based on a combination social factors. Required payments may go beyond a fee and entail other payments a franchisee has to pay to the franchiser or an affiliate by contract, including rent, training, equipment and supplies. Thats because Patton, through an approach that could meet master class standards for vertical integration, has ingrained himself so deeply in the operations of FedEx Grounds contractors that it would be problematic for the company to marginalize him even if it were legal to do so. Those that didn't go, they'll fall in line. FedEx Ground uses a non-union contractor model to pick up and deliver packages and to provide linehaul service between the companys hubs. Topics covered: logistics, freight, operations, procurement, regulation, technology, risk/resilience and more. googletag.enableServices(); He began his professional career playing for the Idaho Falls Chukars of the Pioneer League. According to our Database, He has no children. googletag.pubads().collapseEmptyDivs(); Patton explained how FedEx Ground contracts out 100% of their network to about 6,000 small business owners who manage 10 to 25 employees on average. Route Consultant; Rachel Mendelson/Insider, dramatic decrease in earnings expectations. Spencer Patton's Try to Unite FedEx Contractors Reveals Shaky Reality Spencer Patton's income source is mostly from being a successful Player. How Top-Performing Retailers Leverage Analytics to Drive Shipping Success, Why some UPS shippers havent diverted volume even as a potential strike looms, UPS, Teamsters to resume contract negotiations next week. Patton highlighted that he was willing to mount a potential legal challenge to reclassify contractors,a major reason behind the creation of the Trade Association for Logistics Professionals (TALP), which he announcedin August. Patton has carved out a niche doling out advice to entrepreneurs looking to make it big. Embattled TALP founder Spencer Patton resigned on Oct. 25, and the group's actions took him by surprise. Compare Pat Patterson's Net Worth. googletag.pubads().collapseEmptyDivs(); When the UPS strike occurred (and it was a nightmare, believe me) that sped up the merger talks. The disconnect between projections and reality meant many contractors didn't make enough to cover the cost of ramping up operations, and many told Insider they have still not recovered financially. Emma Cosgrove. Spencer Patton - Net Worth, Bio, Age, Height, Family, Wiki! Spencer Patton's net worth is $0. More than 90% of those negotiations have resulted in higher contractual payments, the company said. A two-day conference he hosted last weekend in Las Vegas drew about 3,500 attendees and thousands more watching and listening virtually. Response to FedEx Ground's Lawsuit Against Its Small Businesses from Is Spencer Patton FedEx Ground contractors' white - FreightWaves Ground contractor employees and vehicles are able to adorn FedEx Ground branding. Additionally, we've evaluated the financial and operational data of thousands of companies in the FedEx Ground and Amazon DSP logistics space. BRENTWOOD, Tenn., Aug. 26, 2022 /PRNewswire/ -- FedEx Ground filed a lawsuit today against the small business owners who power their entire network.
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