| 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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Bad Earnings? Good Earnings? FedEx Stock Isn’t Going Anywhere.
on June 17, 2019 at 5:44 pm
Forthcoming fiscal fourth-quarter earnings might not do much to quell investors’ fears, JPMorgan warned on Monday. […]
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FedEx, Dollar General To Offer Drop Off And Pickup At Thousands Of Dollar General Stores
on June 17, 2019 at 2:36 pm
FedEx (NYSE: FDX) and Dollar General (NYSE: DG) announced they will partner up to offer a drop off and pickup at thousands of Dollar General stores. The businesses plan to begin rolling out the service in more than 1,500 Dollar General stores in late summer, building to a total of more than 8,000 stores by the end of 2020. “Dollar General is the perfect retailer to help us meet the growing need for convenient, secure drop-off and pickup options in a variety of rural communities,” said Scott Harkins, senior vice president, customer channel marketing at FedEx Services in a press statement. […]
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FedEx partners with Dollar General to expand service in rural communities
on June 17, 2019 at 2:20 pm
FedEx will expand its drop-off and pickup services thanks to a new partnership with Dollar General. Monday, June 17 the Memphis-based shipping and logistics giant and the Goodlettsville, Tennessee, based retailer announced a strategic alliance. As part of that alliance, thousands of Dollar General stores will begin to offer FedEx drop-off and pickup services as part of FedEx's OnSite program. […]
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Dollar General and FedEx to Offer Convenient Package Drop-off and Pickup Solutions
on June 17, 2019 at 1:00 pm
FedEx Corp. (FDX) and Dollar General (DG) announced today a strategic alliance that will offer new, convenient access to FedEx drop-off and pickup services at thousands of Dollar General stores. The effort is designed to increase access for all customers, particularly those living in rural communities. FedEx and Dollar General plan to begin rolling out the service in more than 1,500 Dollar General stores in late summer 2019, building to a total of more than 8,000 stores by the end of 2020. […]
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China's FedEx probe should not be seen as retaliation: Xinhua
on June 16, 2019 at 10:02 am
China's investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States. The inquiry was aimed at sending a message that any economic entity in China should abide by the country's laws and regulations, it said in a commentary. "China is willing to share the opportunities in its courier market with foreign investors. […]
NYSE: FDX
