|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
10 FedEx Drivers Take Home Top Honors at the 2018 National Truck Driving Championships
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Clock Is Ticking for FedEx’s Board as Founder Nears Age Limit
on August 20, 2018 at 5:31 pm
FedEx Corp. will lose a board member next month when one of its directors hits the mandatory retirement age of 75. FedEx already has changed its rules once to accommodate the inexorable march of time, though. James Barksdale, who has served on the FedEx board for 18 years, must step down before the company’s annual meeting on Sept. 24. […]
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Continued growth and infrastructure investments expected at FedEx Express Greensboro hub
on August 17, 2018 at 6:18 pm
The FedEx (NYSE: FDX) Express Mid-Atlantic Hub at Piedmont Triad International Airport is moving closer to its original hiring goals, and the company expects an additional infrastructure investment down the road. FedEx is expected to add 400 new employees over the next several months, doubling its workforce to 800. The new hires will fill part-time, full-time and management positions. […]
FedEx Corp. Board Declares Quarterly Dividend
on August 17, 2018 at 1:00 pm
The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of $0.65 per share on FedEx Corporation common stock. The dividend is payable October 1, 2018 to stockholders of record at the close of business on September 10, 2018. […]