News

A federal judge in Texas has issued a nationwide injunction blocking the Department of Labor’s rule requiring overtime pay for more than 4 million new workers. In a 20-page decision (see below), U.S. District Judge Amos L. Mazzant ruled that 21 states and more than 50 business groups that sued to block the rule stood…

FedEx anticipates another record peak holiday shipping season, with each of the four Mondays during the season expected to be among the busiest in our company’s history. The rapid growth of e-commerce has driven significant shifts in demand over the last several years, and we are confident we are prepared to deliver another successful holiday…

Bizbuysell.com just released their 2016 Buyer Seller Confidence Index. This is a great read into the market. We are still seeing strong sales in the FedEx Ground market, with a 3 multiple for P&D routes, and a 3.5X multiple on line haul. If you, or someone you know has been thinking about selling tell them…

When new laws go into effect there are usually a lot of questions from the small business community.  New OT regulations are going into effect on December 1, 2016.  We have put together this blog to help you get the facts. Fact Sheet #19: The Motor Carrier Exemption under the Fair Labor Standards Act (FLSA)…

Deciding whether to structure a business sale as an asset sale or a stock sale is complicated because the parties involved benefit from opposing structures. Generally, buyers prefer asset sales, whereas sellers prefer stock sales. This article highlights some primary differences between the two structures. This article is not intended to provide legal and/or tax…

This year has been a great year for Contractors who put their FedEx Ground business on the market. The national average was between 2.8x to 3x multiple, line haul businesses fetched a little more, with certain geographical areas seeing 3x to 3.5x multiples.  We believe the driving force in sales is baby boomers retiring, and…

The rise of online shopping is forcing warehouse builders to redraw the map of logistics hubs on the East Coast. During the weekend, FedEx Ground, one of the largest transporters of parcels and other shipments, broke ground for its largest facility in the country, an 800,000-square-foot automated distribution center in Allen Township, Pa., adding a…

If you’re like most FedEx contractors who are new to the selling process, you probably have a lot of questions for business brokers.  I’m often asked, how can a business broker help me sell my business? Taking on this massive challenge alone could lead you to neglect your current business, get a lower asking price,…

As announced via MyGroundBiz.com in April, FedEx Ground will soon launch its Delivery Optimization initiative in phases across the U.S. This is one of many ongoing efforts to further integrate and maximize capacity within the FedEx Ground Ground/SmartPost networks. What is Delivery Optimization? Delivery Optimization aims to increase efficiencies and flexibility, while seamlessly transitioning deliveries…

FedEx Ground Segment For the fourth quarter, the FedEx Ground segment reported: Fiscal 2016 Fiscal 2015 Change Revenue $4.29 billion $3.57 billion 20% Operating income $656 million $603 million 9% Operating margin 15.3% 16.9% (1.6 pts) Revenue increased due to a 10% increase in FedEx Ground volume and a 7% improvement in revenue per package…