Latest GCF Market Intelligence Report for FedEx Routes

Our good friends at GCF Business Valuations are out with their latest market intelligence report. Here are the key takeaways from the report:  This report is geared toward the P&D side of the business. Line haul businesses are typically priced higher.  Evaluating the useful life of the trucks dictates the proper CAPEX requirement, which will…

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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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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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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…

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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…

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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…

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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…

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