UPS reaches tentative agreement with union.

UPS reached a tentative deal with the teamsters Tuesday morning.  This puts to rest any worries about a national strike causing a potential disruption in shipping and potential surge at FedEx.  There is no storms brewing on the horizons like other people made out.  We will never fear monger at Capital Route Sales. If you…

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FedEx Network 2.0, O Canada announcement, and other thoughts from Adam!

 June 20 (Reuters) – FedEx (FDX.N) on Tuesday said it will merge its contractor-based Ground delivery operations in Canada into its company-operated Express unit and convert contractors into employees. The move, set to be phased in starting in April 2024, comes as the global delivery company is revamping its business to boost profits and better…

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*New!* Jacksonville, FL FedEx Ground routes, nets $437k per year! 3rd party appraised!

Terminal Location: Jacksonville, FL Average daily routes: 12-13 Number of drivers: 20, including managers, FT and PT drivers Fleet value $846,278 free and clear at closing, 18 trucks total. Company Gross 2023: $1,766,913 Company Net: $437,087 The asking price is $1,120,000.00. An independent valuation company has appraised this business. SBA eligible with approved credit. Principals…

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Follow-up to yesterdays groundbreaking news of FedEx one

Happy Master’s Week to everyone!  I always felt the start of the Master’s was the unofficial start of spring.  We may or may not have extra monitors on the desk watching the golf coverage.  We are heading out there this Saturday for our first Master’s visit, and despite the rain forecast, we are looking forward…

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FedEx restructures to combine Ground and Express units.

From WSJ: FedEx Corp. FDX  is combining its Express and Ground delivery units into a single business, abandoning an operating structure championed by founder Fred Smith and criticized by investors and analysts. The changes are designed to simplify interactions with customers and accelerate cost-cutting efforts, FedEx Chief Executive Raj Subramaniam said. It helps the parcel-delivery…

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Black Friday online sales top $9 billion in new record!

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a major contributor, as online sales surged 221% over an average day in October, Adobe said.…

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