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…Read More
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…Read More
Our 10 year anniversary and an announcement regarding a reduction to Sunday deliveries
Happy New Year! We hope the Holidays provided everyone a time to gather with family and friends and take a moment to reflect on the past year’s events. As we enter 2023, we celebrate our tenth anniversary at Capital Route Sales. When we started, our mission was to provide an educational source to buyers…Read More
Inefficient contractors fail, how to avoid the pitfalls.
Good morning, good afternoon, and good evening all. I’m sure you’ve seen the headlines by now, Contractors are facing certain bankruptcy if they don’t receive a raise! Each Contractor has a unique service area they deliver to. I do not believe two service areas fit the same mold. I started working in this space in…Read More
Online sales rose 2.2% in June as consumers remain resilient.
Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices across most categories, the Commerce Department reported Friday. Advance retail sales increased 1% for the month, better than the Dow Jones estimate of a 0.9% increase. That marked a big jump from the…Read More
News and takeaways from FedEx investor day.
FedEx held its annual investor day in Memphis, TN, on June 29, 2022. During the broadcast, several themes emerged from the presentations: asset utilization, collaborative initiatives, and optimization of line haul networks. The last several years have seen intensive capital investments in buildings. The problem is no company can keep up with the demand, as…Read More
What are the successful Contractors doing?
Over the last few years, our business has changed rapidly in the face of unprecedented challenges. From the covid-19 pandemic to high inflation, we want to examine the past few years and the lessons learned during this time. Whether you own a FedEx Ground business or a small business on Main Street, no company has…Read More
Employee Retention Credits
I wasn’t sure if you were aware of the ERC Credits that are out there. Other Independent Service Providers (ISPs) in the field have found success with us and we wish to extend that success to you and your company. We know the program can be a bit confusing to people who aren’t taxed and payroll professionals,…Read More
Don’t bet against America
I hope this message finds you all doing well and in good health. Over the last two years, the business landscape in America has undergone significant changes. There isn’t one industry out there that these events have not impacted. Every business in America struggles with finding good help, retaining the people they have, and just…Read More
P&D routes are selling for a 3.71 multiple!
We just received this data from GCF Valuations, a third company valuation company that performs independent valuations for banks on FedEx deals. In this data, of 188 SBA transactions, the national multiple for route sales is 3.71! Other interesting notes: Average avenue: $1,912,916.00 Average SDE: $357,856.00 Average EBITDA $294,269.00 Average Price/Revenue 0.71 Average P/SDE 2.91…Read More