|Price Range 12mo avg:||$13M – $16.5M|
|$/sf 12mo avg:||$84|
|CAP Rate 12mo avg:||6.25%|
|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|
|Units (May 2015)||580|
|Average Units Volume:||$22.38M|
Yahoo! Finance: FDX News Latest Financial News for FDX
Can FedEx Break Out? Maybe to the Downside...
on May 26, 2017 at 5:23 pm
If long, I would suggest raising your sell stop to a close below $184. […]
UPS, SF Holdings plan to join forces in Chinese shipping market
on May 26, 2017 at 1:39 am
United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States. SF Holdings, parent company of SF Express, is often called China's answer to UPS rival FedEx, and is the dominant package delivery company within China. […]
Transportation Securities Bullish (IYT, FDX)
on May 24, 2017 at 1:09 pm
Nearby support from ascending trendlines and 200-day moving averages on these transportation assets suggests that now could be a good time to buy into the uptrend. […]
Airport data shows FedEx cargo dip
on May 23, 2017 at 3:20 pm
Judging by numbers provided to the airport, cargo is down at FedEx Corp.'s local hub operation. "In April of last year, FedEx started a new methodology or calculation for the way they report cargo handled, so this is the first time in a year we’ve had a year-over-year and month-over-month comparison that works," said Forrest Artz, Memphis International Airport CFO and vice president of finance and administration. The Memphis Shelby County Airport Authority (MSCAA) tracks total cargo handled and total landed weight at Memphis International. […]
Airport cuts terminal charges by almost 13 percent, FedEx smiles
on May 23, 2017 at 3:08 pm
With the approval of its fiscal year 2018 budget, Memphis International Airport is decreasing terminal rates and charges by almost 13 percent — a change that's especially good for the airport's tenants. The Memphis Shelby County Airport Authority's Board of Commissioners (MSCAA) passed a $120.4 million budget for fiscal year 2018 at its meeting Monday, May 22. The airport's annual budget for the fiscal year, which runs from July 1 to June 30, sets the fees and charges paid by airlines. […]