|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
FedEx Jolts Wall Street With Surprise Exit of CEO's Deputy
on February 15, 2019 at 6:44 pm
Raj Subramaniam will take over as president and chief operating officer March 1, replacing David Bronczek, the shipping giant said in a statement Thursday. Bronczek had just been named to the board Jan. 28, a month after Subramaniam, 52, was promoted to lead FedEx Express, the company’s largest business unit. […]
FedEx Declines After President and Operating Chief Bronczek Resigns
on February 15, 2019 at 6:20 pm
shares were down 3.1% Friday after the company announced that David Bronczek will step down as president and chief operating officer and will be replaced by Raj Subramaniam. The move becomes official March 1 after Bronczek, 64, made a "personal decision" to retire, the company said in a regulatory filing. Bronczek was named to the board on Jan. 28, a month after Subramaniam, 52, was promoted to lead FedEx Express. […]
FedEx and UPS stocks sink, after analyst says Amazon taking business in-house could weigh
on February 15, 2019 at 5:54 pm
Shares of FedEx Corp. sank 3.0% and United Parcel Service Inc. shed 1.3% in midday trade Friday, bucking the gains seen in the broader market, after fellow transportation company XPO Logisitics Inc. said its largest customer is curtailing about two-thirds of its postal injection business. XPO declined to comment on who the customer was, but J.P. Morgan analyst Brian Ossenbeck said the loss of business is likely Amazon.com Inc. taking capacity in-house. Ossenbeck said he could see FedEx and UPS shares "react negatively on the implication that Amazon is reducing third party transportation exposure." The shares were the biggest decliners in the Dow Jones Transportation Average , which rose 0.3%, compared with the Dow Jones Industrial Average's 350-point, or 1.4% gain. Meanwhile, XPO's stock tumbled 16%. […]
Sarah Ketterer's Top 5 Buys for the 4th Quarter
on February 15, 2019 at 5:50 pm
Guru’s top new holding is Alaska Air […]
FedEx Stock Takes a Hit Because Amazon May Have Left XPO Logistics
on February 15, 2019 at 4:30 pm
XPO Logistics cut guidance and said it lost profits from a large customer. Investors will believe that’s the last-mile logistic business XPO provides for Amazon.com. […]