| 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
-
Indianapolis FedEx shooter was a former employee of the company
on April 16, 2021 at 8:02 pm
The man who police say fatally shot eight people at a FedEx facility in Indianapolis is a former employee. FedEx spokesperson Bonny Harrison released the information Friday. She says company officials can’t speculate on a motive but are working closely with investigators. […]
-
Federal Express Corporation -- Moody's affirms ratings of FedEx, senior unsecured at Baa2; outlook stable
on April 16, 2021 at 4:11 pm
Rating Action: Moody's affirms ratings of FedEx, senior unsecured at Baa2; outlook stableGlobal Credit Research - 16 Apr 2021New York, April 16, 2021 -- Moody's Investors Service ("Moody's") affirmed the ratings of FedEx Corporation ("FedEx"), including the Baa2 senior unsecured rating and the Prime-2 short-term rating. Moody's also affirmed the ratings of Federal Express Corporation, including the Baa2 senior unsecured rating, the Aa3 rating of the Pass-Through Certificates, Series 2020-1AA, and the A3 ratings of the Pass-Through Certificates, Series 1999-1A and 1998-1A. […]
-
FedEx Corporation -- Moody's affirms ratings of FedEx, senior unsecured at Baa2; outlook stable
on April 16, 2021 at 4:01 pm
Rating Action: Moody's affirms ratings of FedEx, senior unsecured at Baa2; outlook stableGlobal Credit Research - 16 Apr 2021New York, April 16, 2021 -- Moody's Investors Service ("Moody's") affirmed the ratings of FedEx Corporation ("FedEx"), including the Baa2 senior unsecured rating and the Prime-2 short-term rating. Moody's also affirmed the ratings of Federal Express Corporation, including the Baa2 senior unsecured rating, the Aa3 rating of the Pass-Through Certificates, Series 2020-1AA, and the A3 ratings of the Pass-Through Certificates, Series 1999-1A and 1998-1A. […]
-
Eight people shot and killed, several injured at Indianapolis FedEx
on April 16, 2021 at 7:23 am
When police arrived, officers observed an active shooting scene at the facility, Indianapolis police spokesperson Genae Cook told reporters early Friday. […]
-
UPDATE 14-Gunman's motive still unclear in massacre of eight at Indianapolis FedEx site
on April 16, 2021 at 4:43 am
Authorities said on Friday that it was still too early to know what motivated a gunman who killed eight employees at a FedEx facility in Indianapolis and wounded several others before taking his own life. The shooting - the latest in a spate of mass shootings across the United States - unfolded at a FedEx operations center near the Indianapolis International Airport after 11 p.m. local time on Thursday night, police said. The incident, which lasted only a couple of minutes, was already over by the time police responded to the scene, Craig McCartt, the Indianapolis police department's deputy chief, told a news briefing on Friday. […]
NYSE: FDX
