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FedEx Discussions
All Feed Back NEEDED looking at potential fed ex turn key routes to purchase
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<blockquote data-quote="Grounded." data-source="post: 1550782" data-attributes="member: 57647"><p>There are a couple of things to keep in mind relative to what advice you will receive on here. First, the majority of folks posting on here are a bunch of malcontents who have an ax to grind with FedEx for one reason or another and their opinions are far from unbiased. Second, there are tremendous differences between different areas of the country and whether a route is rural or city.</p><p></p><p>I can only speak for my particular market - Long Island, NY, which is one of the most profitable for FedEx. I will tell you that FedEx Ground routes here can be a very good investment. I currently own two routes and I drive one of them full time. New York is not an ISP state, so there are plenty of single route owners in addition to multi-route owners as well. The route that I drive myself is close to the terminal and averages less than 50 miles a day. I gross $145k and net $119k after all FedEx expenses (scanner, liability and vehicle insurance, workman's comp, drug screen, etc.) and other expenses (maintenance, fuel). The other route I own grosses $116k and nets me $47k after all expenses and paying a driver $50k. </p><p></p><p>There are plenty of smaller routes in less populated areas that are not very profitable and that is some of what you are reading about on here and why some of these folks are unhappy. Routes around here are in high demand and consistently sell for 1.5x net earnings on average, so you are paying for that profitability and the fact that you can sell that route without too much difficulty if need be. So, my advice to you is to speak to other contractors who are actually from your area and have firsthand knowledge of the market you'll be investing in because their advice will be far more relevant to your situation.</p></blockquote><p></p>
[QUOTE="Grounded., post: 1550782, member: 57647"] There are a couple of things to keep in mind relative to what advice you will receive on here. First, the majority of folks posting on here are a bunch of malcontents who have an ax to grind with FedEx for one reason or another and their opinions are far from unbiased. Second, there are tremendous differences between different areas of the country and whether a route is rural or city. I can only speak for my particular market - Long Island, NY, which is one of the most profitable for FedEx. I will tell you that FedEx Ground routes here can be a very good investment. I currently own two routes and I drive one of them full time. New York is not an ISP state, so there are plenty of single route owners in addition to multi-route owners as well. The route that I drive myself is close to the terminal and averages less than 50 miles a day. I gross $145k and net $119k after all FedEx expenses (scanner, liability and vehicle insurance, workman's comp, drug screen, etc.) and other expenses (maintenance, fuel). The other route I own grosses $116k and nets me $47k after all expenses and paying a driver $50k. There are plenty of smaller routes in less populated areas that are not very profitable and that is some of what you are reading about on here and why some of these folks are unhappy. Routes around here are in high demand and consistently sell for 1.5x net earnings on average, so you are paying for that profitability and the fact that you can sell that route without too much difficulty if need be. So, my advice to you is to speak to other contractors who are actually from your area and have firsthand knowledge of the market you'll be investing in because their advice will be far more relevant to your situation. [/QUOTE]
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