| Price Range 12mo avg: | $13M – $16.5M |
|---|---|
| $/sf 12mo avg: | $84 |
| CAP Rate 12mo avg: | 6.25% |
| NOI average: | $904,087 |
| Lease Terms: | 10yrs NN |
| Building Size avg: | 171,314 SF |
| Lot Size avg: | 35+/- acres |
FedEx Ground is the second largest FedEx operating company and specializes in cost-effective, small-package shipping offering dependable business-to-business delivery or convenient residential service through FedEx Home Delivery and FedEx SmartPost.
Through a workforce of more than 60,000 employees operating in 33 hubs and 500 pickup and delivery terminals throughout the U.S. and Canada, FedEx Ground delivers more than 3.5 million packages a day.
FedEx Ground differentiates itself in the marketplace through its innovative use of technology and independent contractors and Independent Service Providers to deliver the industry’s fastest and most reliable service. As the first company in ground shipping to use bar coding and automated sorting, FedEx Ground operates the industry’s most automated hub network and is committed to ongoing technology investments that provide more information to customers faster.
FedEx Ground has enjoyed a successful business relationship with independent contractors since 1985. The motivation for an independent contractor business model came from a fundamental observation that a small business owner has greater flexibility and drive for efficiency. Independent contractors earn in proportion to results. These factors were integral to the successful founding and startup of the company (through its predecessor company RPS) against a much larger competitor, and they remain a competitive differentiator today.
FedEx Ground pickup and delivery contractors are the company’s primary link to customers. The entrepreneurs who own these independent small businesses are responsible for ensuring service in their work areas by utilizing their own equipment, hiring and training drivers and staff, and planning and executing day-to-day business operations. These businesses assume the costs of operating delivery vehicles, including maintenance, repairs, fuel, tolls, taxes, registration fees and licenses; as well as all employment-related obligations (wages, employment taxes, benefits, etc.) for personnel.
- Founded in 1985
- 62,000 Employees as of May 31, 2015
- More than 12,000 Independently-Owned Small Businesses to Provide Package Pickup and Delivery Services.
| S&P Credit Rating: | BBB |
|---|---|
| Moody’s Credit Rating: | Baa1 |
| Annual Revenue 2015: | $12.984B |
| Annual Revenue 2014: | $11.617B |
| Revenue Growth: | ↑ 12% from 2014 |
| Net Income | $2.172B |
| Units (May 2015) | 580 |
| Average Units Volume: | $22.38M |
Yahoo! Finance: FDX News Latest Financial News for FDX
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FedEx Office Extends SameDay City Service to Jacksonville
on August 21, 2017 at 5:39 pm
FedEx Office, a leading provider of convenient, state-of-the-art printing, packing and shipping services, announced the expansion of FedEx SameDay® City, a local courier delivery service, to Jacksonville, now providing increased market coverage in Florida. […]
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FedEx Office Expands SameDay City Service in Texas
on August 21, 2017 at 5:32 pm
FedEx Office, a leading provider of convenient, state-of-the-art printing, packing and shipping services, announced the expansion of FedEx SameDay City®, a local courier delivery service, to Austin and San Antonio, now providing major market coverage in Texas. […]
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Trade of the Day: FedEx Corporation (FDX) Stock Delivers a Bearish Package
on August 21, 2017 at 11:30 am
Shares of FedEx Corporation (NYSE:FDX), while still higher by around 10% for the year, have seen a one-way street slide since the first half of July. As a reminder, we currently find ourselves in a choppy August stock market period, which is to say that from a trading perspective, less is more as it helps preserve previous capital and prevent psychological damage. Avg. (ETF) (BATS:IYT) last week broke below their 200-day simple moving average for the first time since June 2016. […]
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FedEx Corp. Board Declares Quarterly Dividend
on August 18, 2017 at 1:35 pm
The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of $0.50 per share on FedEx Corporation common stock. The dividend is payable October 2, 2017 to stockholders of record at the close of business on September 11, 2017. […]
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FedEx announces new general counsel
on August 16, 2017 at 2:30 pm
FedEx Corp. has named its next general counsel. Mark R. Allen will assume the position of executive vice president, general counsel and secretary, effective Oct. 1. Allen who is 61 years old, joined FedEx in 1982. […]
NYSE: FDX
