spencer patton net worth

Let Supply Chain Dive's free newsletter keep you informed, straight from your inbox. Patton had become a polarizing figure in the FedEx Ground ecosystem, and his efforts have drawn significant contractor support. He then transferred to Southern Illinois University Edwardsville (SIUE). Here's how we got to this moment. Spencer Patton is a member of Baseball Player Age, Biography and Wiki Net worth: $100K - $1M Professional pitcher that was drafted by the Kansas City Royals during the 24th round of the 2011 MLB Draft. googletag.enableServices(); He is from United States. Patton, Walczak, and a few contractors told Insider that FedEx has been more conciliatory in recent contractor negotiations. Vehicle costs were up $10,000, and wages 30% lower compared to one year ago, the letter said. The Route Consultant channel has 6,000 subscribers and posts a webinar every week, which has turned Patton into a niche celebrity. The added state-by-state regulatory burdens and costs to move to a franchiser model means businesses like FedEx want to avoid such a transformation most of the time, said Robert Emerson, a professor of business law at the University of Florida. FedEx Ground sues delivery contractor for creating 'fictionalized "We remain committed to engaging in a productive dialogue with each business to understand and address any challenges they may be facing.. "I think it's uncovering some folks that shouldn't be in this business. It also brokers the sale of delivery businesses for contractors who want out. Topics covered: logistics, freight, operations, procurement, regulation, technology, risk/resilience and more. Route Consultant Founder Spencer Patton Calls for Network-Wide About Spencer is an entrepreneur as well as an active investor. Service-provider representatives are encouraged to communicate freely with FedEx Ground and have multiple avenues to ask questions, raise concerns or voice ideas, including anonymous reporting.". And while the company went after Patton, it has made some of the changes he called for. Contractors who participate in the September vote will join what Patton calls the Trade Association for Logistics Professionals. In a statement issued after the suit was filed, Patton said, "I am not afraid of a lawsuit from FedEx." Following his senior season at SIUE, Patton was awarded the NCAA Division I Rawlings Gold Glove Award for 2011. Route Consultant; Rachel Mendelson/Insider. FEDEX CUTTING OUT DELIVERIES IN SOME MARKETS ON . "Fear grows in darkness and isolation. He is from United States. The group's purpose is to voice concerns, petition for change and, if necessary, "participate in legal challenges against FedEx Ground," Patton said. 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()); He had also warned the whole delivery network would collapseif FedEx didn't make financial concessions and operational changes, as contractors suffered fromfuel-price surges and apoorly planned 2021 holiday season. "I care about the network as a whole. He is a member of famous Player with the age 35 years old group. There may also be some buyers remorse from those who jumped in at inflated prices over the past two years or so. Those that didn't go, they'll fall in line. Learn How rich is He in this year and how He spends money? 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. }); googletag.cmd.push(function() { googletag.pubads().collapseEmptyDivs(); We don't have much information about He's past relationship and any previous engaged. I take offense to Patton being characterized as militant. Patton is standing up for himself, his company and his employees. This superstar was born on 20th February 1988, in Urbana, IL. Route Consultant is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or FedEx Ground or Amazon. But things got worse last winter when FedEx overestimated package volume for the 2021 holiday season. He also told Insider in July he knew that losing his contracts was a possibility. googletag.cmd.push(function() { One of those contractors said Friday night that Im saddened that it has come to this, but it is not unexpected. "And that has given me the courage to be able to do what we're doing now. "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. In a March 18 letter to contractors, FedEx Ground's CEO, John Smith, said the company took a look at the gas and diesel compensation for contractors and decided no special action was necessary. In fact, Ground encourages it by paying a flat rate to contractors who encourage employees to wear branded apparel or that operate vehicles with a Ground logo on it, according to Route Consultant's website. He has encouraged his fellow contractors to be wary of FedEx's pay offerings for the upcoming holiday season and said that if FedEx didn't make operational and contractual changes by November 25, he would shutter his delivery service a threat that is now null. 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()); Get notification with the latest net worth updates for free! FedEx has said the Ground network is sound and that it will consider any attempt at collective bargaining a breach of contract. If a critical mass of contractors rejects the deal, that could affect FedEx's capacity to cash in on its busiest season. 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. Good luck FedEx. Zach LaVine's net worth in 2023 When the UPS strike occurred (and it was a nightmare, believe me) that sped up the merger talks. Spencer Patton Net Worth. For the past eight and a half years, Patton has been president of ADTP Inc., an entry-level driver training program owned and operated by FedEx Ground contractors. Contractors and competitors are mixed on Patton's overall impact and true motives. But if a judge or arbitrator determined that if a Ground contractor passed the three-prong test and is a franchise in one state, that could have "a domino effect" in the rest of the country and force FedEx to change its model, Herman said. 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. In Las Vegas, contractors came to the microphone in panel after panel to share similar stories, sometimes fighting tears. Please only use it for a guidance and Spencer Patton's actual income may vary a lot from the dollar amount shown above. One medium-sized Northeast contractor, who didn't know if he'd last the year, appreciated hearing that even with his scale, Patton's delivery business was suffering. window.googletag = window.googletag || {cmd: []}; 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. We have estimated Spencer Pattons net worth, money, salary, income, and assets. New investors asked for help evaluating opportunities and onboarding. And with no more routes to stop running, Patton can't follow through on his threat to stop service. googletag.pubads().collapseEmptyDivs(); A commitment from the franchiser to exercise significant control in areas such as personnel policies and area of operation,or provide significant assistance in operating the business. "That concept at McDonald's would be like if you go to one McDonald's to buy your hamburger, another McDonald's to buy your fries and another one to buy your soda and another one to buy your cooking," Jindel said. The trade association Patton started to represent contractors as a bloc has elected leaders and is developing its plan of action. According to our Database, He has no children. He is from United States. Hours after filing suit seeking "permanent injunctive relief and monetary damages" related to. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot5', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767778941-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Pat Patterson net worth: Pat Patterson was a Canadian-American . And now, especially with drastic cost cuts on the agenda for FedEx, Patton said he's not looking to ratchet up the conflict. Our team knows this industry inside and out, and our team of professionals bring decades of combined contracting experience. Spencer Patton Salary & Contract | Salary Sport After the UPS strike was over, some one in Pittsburgh got the bright idea that they would pay the new contractors with new equipment $5 more per day van availability than existing contractors with old equipment were getting. Before the ISP/CSP concept was implemented, existing contractors were allowed a maximum of 3 routes. Spencer Patton's income source is mostly from being a successful Player. In the same slacks and plaid button-down he wears any other workday, the 36-year-old logistics executive didn't look like the man at the center of a corporate maelstrom. "I have personally requested multiple contractual renegotiations for my own businesses with FedEx Ground, all of which have been denied," Patton said. * 2023 Insider Inc. and finanzen.net GmbH (Imprint . googletag.pubads().collapseEmptyDivs(); 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. FedEx Ground Delivery Becomes a Road to Riches for Contractors The allowed their cash cow and didnt allow it to assimilate to the changing conditions, notably thumbing their nose at Amazon among others. Others were skeptical, wondering if his activism was more in service of his own interests. Spencer Patton Biography, Age, Height, Wife, Net Worth, Family FedEx would be bankrupt if they didnt rip the contractors off so bad, EXTREMELY DISFUNCTIONAL COMPANY, but now everyone knows and hopefully they will change or close the doors on them. googletag.pubads().enableSingleRequest(); 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. He used the venue to declare that he would shut down his delivery service if he didn't see operational and contractual changes by Thanksgiving. "I feel like my gifting is to be able to take something complex, and explain it in a simple way," Patton told Insider in Las Vegas. If Ground doesn't provide those protections to contractors voluntarily, Patton said he'll "explore the pathway" on if contractors can be deemed franchisees. Career Earnings: googletag.enableServices(); Copyright 2023, All Rights Reserved, FreightWaves, Inc. Is Spencer Patton FedEx Ground contractors white knight or a moat-protected baron? Nashville entrepreneur Spencer Patton rose to prominence in July when he publicly challenged FedEx. A brown noser at a neighboring terminal got a 4th route, luckily for him, I was in the process of selling my route and leaving, or that wouldnt have stood either. Many people ask this question about the money Spencer Patton makes from Facebook. Some contractors said they're laying low and following orders through this likely tepid holiday season to let the dust settle. }); 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. Patton for weeks has said that up to 35% of FedEx Ground delivery providers are at risk of financial failure. Bode Olin Patton, Palmer Jo Patton, Bruer Morris Patton. 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. In a response to Patton's tactics, Smith said that any contractors who attempt to bargain collectively would be in breach of contract. We have estimated Spencer Patton's net worth, money, salary, income, and assets. Get notification with the latest net worth updates for free. In January, 800 contractors signed a letter to FedEx Ground detailing their problems with rising costs, especially fuel, and diminishing returns. After he called for a better deal for FedEx contractors, FedEx sued Patton. Reclassifying contractors as franchisees would guarantee higher state-level protection, detailed disclosures from the company about the franchise network and a better ability "to organize, gather, and share information with one another," Patton said. They have forced the last mile contractors to continuously report lies about missed deliveries blaming the consignee to stay under the demerit radar and avoid FedEx management discipline. Cyberattacksagainst supply chains are becoming more common and more sophisticated. "You're going to want to know what you're getting into when you buy something, but it's also the terms of the relationship itself and how much fraud and abuse there is. Quick Facts: Here are some interesting facts about Spencer Patton: @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. At 33 years old, Spencer Patton height is 1.85m . 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()); Hundreds, if not thousands more, listened or watched virtually. Spencer C Patton, 37 - Nashville, TN - Reputation & Contact Details Meanwhile UPS, USPS have fine tuned their ground delivery services that supplement Amazon home deliveries as well. "I lost hundreds of thousands of dollars in peak season of 2021, as did many other contractors," Patton told Insider. 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. Spencer Patton net worth Jul, 2023 - People Ai Route Consultant; Rachel Mendelson/Insider, dramatic decrease in earnings expectations. Former FedEx Ground contractor Spencer Patton has launched a vote of no confidence in Ground President and CEO John Smith, with contractors able to anonymously respond to the vote through Friday, according to a news release Tuesday. Spencer Patton Net Worth, Age, Height, Weight, Wife, Wiki - Wikilogy Subscribe to Supply Chain Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Extensiv Market Insights Uncovers Rapid Evolution in Ecommerce Heading into 2H 2023, Stop Start Unlocks Distribution Capacity with Descartes Last Mile Delivery Solution, Descartes Announces Top Descartes MacroPoint Carriers Worldwide for Second Half of 2023, SMGI Announces Successful Merger of Barnhart Transportation and 5J Group, By signing up to receive our newsletter, you agree to our, A FedEx truck makes deliveries in New York City on September 17, 2020. 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. Two of the largest are Patton Logistics and Route. He is a two . }); Patton has warned repeatedly that up to 35% of contractors could fold as soon as the end of the year due to rapidly rising operating costs unless the unit provides them with financial relief. However, he noted that franchisees enjoy benefits that contractors don't, including a greater ability to share information with each other. 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. googletag.pubads().enableSingleRequest(); podcast episodes, On The Block w/ Strick and Austin 93.7 The Ticket KNTK podcast episodes, February 20, 1988 (age 35years), Urbana, Illinois, United States, Bode Olin Patton, Palmer Jo Patton, Bruer Morris Patton, Southern Illinois University Edwardsville, Parkland College, South Central High School. Spencer Patton - Celebs Wiki "For many other contractors just like me, their stories of rejected renegotiation requests are the same.". 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. window.googletag = window.googletag || {cmd: []}; googletag.enableServices(); He is from United States. 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. unit's 6,000 contractors. Tom Williams (footballer, born 1980) net worth, Frankfurter Opern- und Museumsorchester net worth, In The Gun: A West Virginia Football Podcast podcast episodes, The Official Jets Podcast podcast episodes, Picks & Pizza: Sports Wagering in NC podcast episodes, FU Fantasy Football Podcast podcast episodes, The Squeeze | Dynasty Fantasy Football podcast episodes, Yellove and Blues Cricket Podcast podcast episodes, THE REAL GAME - BY COACHES, FOR COACHES. 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). He is a celebrity baseball player. Get the latest information on Spencer Patton including stats, news, biography, net worth, fun facts & more on Lines.com He made his case on nearly every major TV news network. as a former business owner I have signed many contracts some very good and some not so good but if I signed it I honored it Patton signed a contract that he built a company with over 200 employees as an employer he has the duty to be able to overcome challenges in his business plan fluctuations in fuel prices is not a problem that is new if he signed a contract he needs to live up to the terms of it I wonder if he paid his employees more because their fuel went up its time for people to stand up mean what they say if he didnt make a good decision signing that contract what makes you think that he can make good decisions for the people he claims to speak for. 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. On November 20, 2015, the Rangers traded Patton to the Chicago Cubs for minor leaguer Frandy Delarosa. Spencer Patton height - How tall is Spencer Patton? The right to use the franchiser's trademark or other commercial symbol in operating the business. FedEx and its largest contractor are locked in a contentious battle over how to handle rising costs. Zach LaVine's net worth in 2023 is estimated to be around $70 million. gptAdSlots.push(gptSlot); A key reason for ex-FedEx Ground contractor Spencer Pattons new association is the ability to contend that delivery providers are franchises. The company said that Patton is looking to insert himself as a bargaining representative, actions that would constitute a breach of contract. Those that did go are potential troublemakers," the small Southern contractor said. The routes were valuable assets that were flying under the radar, he said. Patton, who has said it would make no sense to manufacture turmoil at the company it earns his living from, has repeatedly warned that as many as 35% of contractors are in financial distress due to the rapidly escalating costs of fuel, labor and equipment. I want fedex to get what is coming to them but also dont want them to fail because itll hurt a lot of people I know. }); Patton declined comment beyond a statement issued late Friday afternoon disclosing the termination. Patton was drafted by the Kansas City Royals in the 24th round of the 2011 Major League Baseball Draft out of Southern Illinois University Edwardsville. 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. But, FedEx's swift crackdown on Patton has reverberated just as loudly as the words that brought it on. Hours later, FedEx Ground terminated all of Patton's contracts. Spencer Patton's income source is mostly from being a successful Player. I dont like articles like this because its sounds very one-sided even due it looks like it supports the other party. So, in this article, we discussed all information about Spencer Patton's net worth, wiki, bio, career, height, weight, family, pics, affairs, car, salary, age, and other details in 2022. Here's how the contentious partners got to this point: FedEx Ground contractors have various long-standing grievances. Because if the network doesn't survive, then none of my businesses survive," Patton said in a Q&A session in Las Vegas. Spencer Patton - The Richest Star On November 23, 2016, Patton signed with the Yokohama DeNA BayStars of Nippon Professional Baseball (NPB). | 3 p.m. Industry InsightsE-CoursesWeekly Webinars, Privacy PolicyDo Not Sell My InfoTerms Of Use, 5511 Virginia Way, Suite 400, Brentwood, TN, 37027, United States. 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. Regardless of their thoughts on Patton's motives, every contractor who spoke to Insider said his descriptions of FedEx are accurate. His net worth has been growing significantly in 2022-2023. 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. Spencer Burdette Patton (born February 20, 1988) is an American professional baseball pitcher for the Yokohama DeNA BayStars of Nippon Professional Baseball (NPB). googletag.cmd.push(function() { 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. He has previously played in Major League Baseball (MLB) for the Texas Rangers and Chicago Cubs, and for the Yokohama DeNA BayStars of Nippon Professional Baseball (NPB). , money, salary, income, and assets. A FedEx spokesperson told Insider the company wasn't aware of such reports, but said it does "not tolerate retaliation of any kind. The ramp-down of Sunday service and a favorable renegotiation could turn some fates around. Postal Service from a mail-focused service to parcel, as well as the exponential, e-commerce-driven growth of warehouse square footage and omnichannel fulfillment. 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. "While those businesses operate in several locations, they constitute less than 0.5% of the approximately 60,000 total routes across the FedEx Ground network. }); The Aug. 26 actions also provide Patton with political cover of sorts to continue his very public criticisms of FedEx Ground, the person said. Others are still losing money and are trapped in the business by debt, truck leases, or both. FedEx is in some deep do-do after a string of poor decisions. With over 200 employees, Spencer owns a variety of different businesses. window.googletag = window.googletag || {cmd: []}; the letter read. Copyright 2023, All Rights Reserved, FreightWaves, Inc, FedEx Ground cuts ties with militant driver contractor, Loaded & Rolling (Enterprise Fleet News/Analysis), had sued Pattons consulting firm, Route Consultant. Spencer Patton was born on 20 February, 1988 in Urbana, Illinois, United States, is an American baseball player. "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. View popular celebrities life details, birth signs and real ages. Get the free daily newsletter read by industry experts. Contractors can submit proposals to renegotiate their existing contracts, the company said. Also learn how He earned most of networth at the age of 32 years old? Topics covered: last mile, shipper-carrier relations, and trends in rail, ocean, air, truck, and parcel shipping. 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What FedEx Ground didnt do, and what it is far from doing at this point, is remove Patton completely from the equation. Data Delivered! On a September 15 earnings call, Raj Subramanian, the CEO of FedEx, described the contractors' issues as "more of a perception than reality.". Patton connected contractors across the country, making some feel less alone. FedEx terminates delivery agreements with face of Ground contractor Route Consultant programs offer new investors and current contractors a .