| 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
-
FedEx funds $2.5M in scholarships for aviation students
on October 19, 2018 at 7:35 pm
With the rise of e-commerce and a wave of retirements, FedEx is ready to fund future aviation professionals. […]
-
Time to buy FedEx? Still believe in Royal Dutch Shell? Th...
on October 19, 2018 at 5:16 pm
The "Halftime Report" traders take viewer questions on FedEx, Royal Dutch Shell and Charles Schwab. […]
-
FedEx Looks To Add Specialty Logistics Expertise With Deal For Manton Air-Sea
on October 19, 2018 at 2:54 pm
Deal for Australian freight forwarder and customs broker to increase exposure to growing regional economy. FedEx Corporation (NYSE: FDX) is looking to bolster its commercial logistics offerings in the fast growing Asia-Pacific market with the acquisition of Australian freight forwarder and customs brokerage Manton Air-Sea Pty Ltd. Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company. […]
-
Holiday season has never been friendlier to job seekers
on October 19, 2018 at 10:34 am
Workers are wanted this coming holiday season, a lot of them. […]
-
Resignations and retirements: Memphis' year of public company turnover
on October 19, 2018 at 10:00 am
In 2017, the three highest-paid public company execs earned nearly $50 million combined. Today, one of those executives is no longer with their company, representing a recent popular trend. ServiceMaster has seen a good bit of C-suite turnover, with execs claimed five of the 16 spots, according to Memphis Business Journal research. […]
NYSE: FDX
