More Than 600 Contractors to FedEx Ground And Business Contacts Attend Contractor Expo + Party 2019

September 16, 2019

Contact

Spencer Patton, Founder + President, Route Consultant, spencer@ploginc.com

Nashville, TN: More than 600 contractors to FedEx Ground and business partners convened in Nashville, Tennessee last week for the 2019 Contractor Expo + Party hosted by Route Consultant. The September 13 event featured industry-specific presentations, display booths, and networking opportunities.

It was the largest independent gathering of contractors to FedEx Ground this year. The presentations and content focused heavily on recent industry changes including seven day operations, the large package network, and SmartPost.

Spencer Patton, Founder and President of Route Consultant, said:

“The entire vision for Contractor Expo 2019—in its inaugural year—was to create a community of contractors to FedEx Ground. We were simply blown away by the outpouring of support from contractors that came to Nashville from all 50 states and Canada. We had over 600 contractors show up between 10:00am and midnight! Our community is here to find ways to be safer, smarter, and, ultimately, more profitable.”

Contractor Expo + Party 2019 concluded with a dinner, open bar, and live music performances featuring Rubiks Groove and an Elvis impersonator played by Nashville-based Chuck Baril.

The Route Consultant team is already planning for Contractor Expo 2020 and interested parties can receive notifications by signing up at RouteConsultant.com/contractor-expo-2020-interest.

Route Consultant Details:

  • Route Consultant is the premier route broker for contractors of FedEx Ground as well as a leading consultant in the industry. They feature FedEx Ground routes for sale from across the United States and Canada.

  • Route Consultant is led by Spencer Patton, a current contractor to FedEx Ground, who has experience in home delivery, ground, and linehaul routes. Presently, Spencer Patton operates an entity with over 275 trucks and 225 employees across 10 states.

  • Route Consultant’s brokerage averages a 12 month rolling average of $30 million in transaction volume per year.

  • Heavily committed to industry-wide education, the Route Consultant team invested over 8,000 hours of education into nearly 100 FedEx Ground contractors in the last 12 months.

  • Additionally, the Route Consultant website published over 100 articles and 30 podcasts in the last year.

  • To find out more, please visit RouteConsultant.com.

 

Disclaimer: The Route Consultant Contractor Expo for FedEx Ground Contractors is not endorsed by and is not recommended by Federal Express Corporation and FedEx Ground. Route Consultant is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or FedEx Ground.

Route Consultants Celebrates a Record-Breaking 2018

January 28, 2019

Contact

Spencer Patton, Founder + President, Route Consultant, spencer@ploginc.com

Nashville, TN: Route Consultant has continued its track record of robust success—more than tripling its revenues in 2018 versus the prior year. Route Consultant is forecast to do over $30 million in transactional volume in FY 2019.

Route Consultant is now accepting new listings for FY 2019 from contractors in all 50 States and Canada.

Owning FedEx Ground routes, from a contractor’s perspective, offers a business model that few other industries can compete with. Owning a FedEx Ground contract means owning a business with no sales force, marketing expenses, research and development costs, investment, accounts receivable, or bad debt. Additionally, contractors are able to leverage the brand strength of FedEx Ground while taking advantage of the substantial depreciation and tax benefits to ownership.

— Spencer Patton, Founder + President, Route Consultant

Other details:

  • The team successfully facilitated transitions for clients acquiring stable, semi-absentee operations as well as fixer-upper style distressed turnaround opportunities.

  • Further, the Route Consultant team supported a wide range of financial arrangements including deals that were cash, conventional business loans, private equity placements, family office purchases, and Small Business Association (SBA) transactions.

Facts about the state of the industry*:

  • There are roughly 5,000 Independent Fedex Ground Contractors in the United States.

  • In our experience, the majority of contractors have revenue ranges from $400,000/year to over $20,000,000/year for some of the largest.

  • We approximate the collective revenue for FedEx Ground contractors to be about $7 Billion in annual revenue.

  • Route Consultant estimates that each year about 5% of Independent FedEx Ground Contractors sell their routes on the open market, equating to about 350 brokered business transactions per year. Some additional sales are completed on the private market from existing contractor to existing contractor.

About Route Consultant: Headquartered in Nashville, TN, our team of independent FedEx Ground contractors manages a fleet of 275 trucks and over 200 employees across the United States. Our routes include FedEx Ground, Home Delivery, and Linehaul. In addition to serving as Independent FedEx Ground Contractors, we offer extensive consulting services to new and experienced FedEx Ground route owners. These services include business valuations, operations/fleet management optimization, route efficiency analysis, and more. Finally, we operate as FedEx Ground route brokers, maintaining an exclusive listing of routes for sale across the United States. We give each of our route sellers access to a deep pool of qualified and educated buyers. (www.routeconsultant.com)

*These figures are educated estimates based on our years of experience in the transportation industry. These are not official figures provided by FedEx Ground.

Note: Route Consultant is owned by a FedEx Ground Independent Contractor. Route Consultant is not affiliated with, financially sponsored by, nor otherwise connected to FedEx Ground.