FedEx Corp. saw major staff changes in June, including the promotion of Raj Subramaniam to the role of president and CEO of the company. Now, FedEx contractors, many of whom are still reeling from the challenges of the past few years, are eager to see if the new hire will be a positive change for them. What role do contractors play at FedEx? From its humble beginnings in the early 1970s as a small startup company created to help businesses get their packages delivered faster, FedEx has since grown into a multinational shipping and delivery company serving more than 200 countries and territorie ..read more

“Training is the linchpin to ensure truckers are safe and positive examples of the companies they represent,” said Freightwaves’ Brian Smith in a recent article about what defines a professional truck driver. Indeed, your highly trained drivers are the lifeblood of your FedEx route business. Not only does their skill and efficiency on the road allow you to stay on schedule and ensure deliveries are completed on time each day, but they are also the “face” of your company because of their daily interaction with customers. So, it stands to reason that when it comes time to sell your FedEx routes ..read more

Selling your FedEx routes is a major business decision—and one that requires detailed planning in order to be efficiently executed. You spent years growing and scaling your business so it could become the profitable enterprise it is today, so why take the risk of selling it for less than it’s worth because you lack the experience and the resources necessary to navigate the complex FedEx sales process? Here’s why it pays to work with a FedEx broker. Working with an experienced FedEx brokerage firm can help expedite the process of listing and selling your routes by making sure you fulfill the sp ..read more

As rewarding as it is to be an independent contractor nowadays, the delivery industry has seen its share of challenges in the past few years. It started with a surge in online shopping due to a global pandemic—a boon for business, to be sure, but also tricky to navigate for some route owners who suddenly needed to hire additional staff to keep up with heavier delivery loads. Then came the supply chain disruptions, which impacted roughly every industry and likely led to frustration within your route operation. And, most recently, a surge in fuel costs that has those in the transportation and sh ..read more

Running a successful FedEx route business is no small achievement. Contractors must adapt to a continually evolving industry and be ready to pivot when new challenges arise. In addition, they are responsible for the safety of their drivers, the satisfaction of their customers, and the growth of their business and the surrounding community. In April, FedEx Ground selected six route businesses to receive their Entrepreneur of the Year distinction, which the company says “recognizes businesses for valuing safety above all, delivering excellent customer service, building dedicated and engaged team ..read more

Are you thinking about selling your FedEx routes but aren’t sure where to start? Do you have questions about how to determine the value of your routes or when the best time is to sell your P&D or linehaul routes? As the leading FedEx brokerage firm in the nation, KR Capital can help you sell your routes quickly, confidently, and for a premium price. Below you will find a list of key resources for FedEx contractors looking to sell their routes. When is the best time to sell FedEx routes? If you are thinking about selling your FedEx route business, there are several factors to consider befor ..read more

Owning and operating FedEx routes can be a lucrative business opportunity for the right person. However, as with any enterprise, there may come a time when you are ready to sell your FedEx P&D or linehaul routes and pursue other opportunities. It goes without saying that you want to sell your routes for the highest profit, but what is the best way to ensure that happens? Here are a few things to keep in mind before setting your asking price. How are FedEx routes valued?  FedEx routes are typically valued on a cash-free/debt-free basis, meaning any retained earnings accumulated in the ..read more

Being a FedEx contractor is not for everyone. While the recent eCommerce boom has no doubt added to the attraction of owning routes and running a lucrative business, it still requires a lot of hard work, dedication, and diligence to operate a successful FedEx route enterprise. If you tried your hand at contracting but now realize it just isn’t for you, you likely want to sell your routes as quickly as possible so you can move on to the next phase of your career—or perhaps even retirement. The following quick tips will help you prepare for the sale of your routes and maximize their value to att ..read more

When the pandemic hit in early 2020, and during the months that followed, workers in nearly every industry felt the crunch. Many companies had to make difficult choices in order to stay in business, including cutting their hours and furloughing or laying off staff members, while others were forced to close their doors altogether. The result was a spike in the national unemployment rate from which we are still recovering today. In recent months, with COVID-19 vaccination numbers rising and many employers asking their workers to return to the office for a standard nine-to-five work week, many in ..read more

Despite a recent slowdown exacerbated by the COVID-19 pandemic, the population of the United States has been steadily rising since our nation was founded—and some areas more than others are experiencing significant growth. New residential and commercial developments are emerging in both urban and rural areas across the country, which more often than not leads to an increase in the number of customers and delivery stops along existing FedEx routes. While a higher stop count can be good for business, it can also increase route time, which may hinder a driver’s ability to complete the route in a ..read more