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Small business faces challenges, says FedEx chief

Published Tuesday, May 16, 2006

Burdensome regulations, outdated labor laws and international trade barriers are growing threats to small businesses in the United States, said Frederick Smith, chairman, president & CEO of FedEx Corp. in a recent speech before the U.S. Chamber of Commerce. That impacts freight demand as small businesses make up 97% of America’s exporters and produce 26% of all export value, he said. “One problem is that while both the traditional and the more innovative work models are flourishing side by side, the definitions and regulations governing them are built on the one-employer-one-paycheck model,” Smith said. “In short, the new ...

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