FedEx has recently announced that it expects to ship 317 million packages between Black Friday and Christmas Eve (a time referred to by FedEx contractors as “peak season”). In anticipation of this record package volume, FedEx will be hiring more than 55,000 seasonal workers – up from about 50,000 in 2014. http://www/krcapital_351/public/releases/20190801162216/web.usatoday.com/story/money/2015/10/26/fedex-expects-record-package-volume-during-holiday-season/74616922/
KR Capital Tips
FedEx contractors contemplating the sale of their routes often ask us whether there is a right or wrong time of the year to sell. Should I sell now or wait until after peak? Do route prices vary with the time of year? How do I incorporate my new route(s) into the valuation of my overall business? I need a new truck – should I purchase/lease one before the sale or leave it to the new buyer? These are just some of the questions we receive on a daily basis. We’ll do our best to answer some of those questions here…
According to new data from BizBuySell.com, the median number of days it takes to sell a small business has been declining since mid-2012.
We recently received an inquiry on our blog asking us to share our perspective on how the FedEx model works. While that question deserves a very lengthy and detailed answer, we did our best to break the FedEx model down into a concise, easy-to-read explanation...
According to the Reputation Institute, published in Forbes, FedEx ranked # 39 on the 2015 list, up 15 points from its 2014 position. Companies achieve a spot on the Global Rep Trak list based on the public's perception of seven categories: innovation, leadership, governance, citizenship, workplace, performance and products/services.
As specialized brokers of FedEx routes, much of our day is spent marketing to, and speaking with, buyers all across the country. As part of this process, we talk to hundreds of buyers each week to determine exactly what they are looking for in an effort to connect them to the right FedEx opportunity.
Super Bowl Sunday is on its way and who better to deliver its coveted trophy than FedEx?
FedEx contractors who are in the market to sell their routes will inevitably be asked to provide a number of due diligence items for the buyer. Buyers ask for this information as a way to validate the information that has been presented to them in the preliminary stages of discussion.
As with most industries, the business broker industry is extremely fragmented. Throughout our years of selling FedEx routes, we have encountered all sorts of brokers and advisors ranging from real estate agents to generalist business brokers to stay-at-home parents.
Happy Thanksgiving! It has been our pleasure helping dozens of FedEx contractors get their routes sold this year and we are truly grateful for the opportunity to do so. In the spirit of Thanksgiving, we thought it would be helpful to share some very important safety tips with your drivers. Here they are: