| 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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Amazon Flex Won't Outmuscle UPS, FedEx
on May 24, 2018 at 2:33 pm
At this point, it may seem that there's no industry that Amazon.com (AMZN) can't touch, so it's not surprise that logistics are worried that the e-commerce giant could turn from friend to foe for delivery companies like United Parcel Service (UPS) and FedEx (FDX). Crowdsourcing "will remain a marginal source of capacity for the e-retail industry," as there's limited risk of "full-scare diversion" of shipping from traditional carriers to crowdsourced models, simply because of the constraints and high costs required to build efficient, flexible networks and the limitations of "right-timed" labor. […]
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Bernstein: Amazon Flex Is No Threat To FedEx, UPS
on May 24, 2018 at 2:24 pm
Amazon.com, Inc. (NASDAQ: AMZN ) investors are always on the lookout for the company’s next disruptive business, and some believe it could be parcel delivery. Amazon Flex is not a major threat to United ... […]
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These Companies Gave Bonuses or Raises After Tax Reform
on May 24, 2018 at 10:41 am
Of the companies that saw big financial benefits from tax reform, several decided to share the wealth with their employees. […]
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UPS hits customers with new fees for oversized packages
on May 23, 2018 at 5:28 pm
United Parcel Service Inc (UPS.N) will begin charging an extra $150 next month to handle oversized packages and pallets, along with a new charge for packages with mislabeled dimensions, the company said on Wednesday. The new fees add to charges UPS announced last year for oversized items and come as the world's largest package delivery company is investing billions of dollars to expand and automate its U.S. sorting facilities. UPS and rival FedEx Corp (FDX.N) currently deliver parcels up to 150 pounds (68 kg) to a person's doorstep. […]
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U of M company opens second FedEx call center
on May 23, 2018 at 5:23 pm
The original FedEx call center, located in the U of M's FedEx Institute of Technology, now employs 50 students and has a payroll of $50,000 a month. […]
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