Is 2021 the right time to buy FedEx Ground Routes?

[@XPLAINMYNAME]

I’m happy this guy is actually giving his wisdom and experience from all his years, it’s not something I see often on KZbin. No one just gives advice for free, there’s always a course or some up sell, no one wants to help their fellow man, but just monetize people that want to learn. So I just wanted to show some appreciation and support for this video and for your solid advice 👍

[@MichaelJones1527]

Thanks, I hope you subscribed to my channel, but yes I've decided I want to give this information out freely because I think that there is a lot of misinformation out there about being a contractor for FedEx. I'm retired, I don't have any skin in the game and I don't desire to be a consultant to any one individual. I do enjoy my youtube channel and yes there are a lot of wolves out there who want nothing more than to sell you on their program and let you think that you must go through them to be sucessful. Again I'm Mike and I hope you enjoy me explaining my 34 years of experience with FedEx.

[@tiffanyly4467]

Thank you Mr. Mike, I've been thinking about doing this for a while and I'm definitely considering buying a new route that was just split in two from a larger route. I was speaking with a broker about another business and it didn't sound right for what I was looking for and then he asked me if I knew anything about Fedex...and here we are! I'm excited, nervous and a bit apprehensive but I'm trusting in God and not my own understanding here.. so wish me luck!

[@MichaelJones1527]

Are you going to Linehaul or P&D?

[@Saywhatohno]

@@MichaelJones1527 we are looking for P&D to start with. Which areas are better and what should we pay for the routes. For example, should we pay 1 times the earnings? What's the benchmark?

[@MichaelJones1527]

@@Saywhatohno There are too many variables to set a price on routes without doing your do diligence. There are more factors involved besides the price.

[@jannguyen1756]

Hey Tiffany where are you at, are you CA?

[@liveextreme6752]

Great Video. I've been following you for a while. You actually gave me the Idea to get in. But on Ground side. For U.S. Marine and Police Officer. Fedex giving me the life style i could have only dreamed of

[@MichaelJones1527]

Wish you a lot of luck.

[@thomasengle7541]

How’s it going so far? I’m in your old shoes and looking to leave LE after 14yrs but wondering how the transition is. Thx

[@MichaelJones1527]

@@thomasengle7541 It's been great. I no longer carry 4 cell phones with me. And when the phone rings I sometimes just let it ring. LOL

[@marcusarvie7887]

Thanks Mr. Mike hope that you’re enjoying retirement. I’ve been very interested in purchasing Linehaul routes with FedEx for the past 2 years. I was a truck driver for more than 25 years and believe I could have very good success becoming a contractor at FedEx.

[@MichaelJones1527]

It's very rewarding, but it is not as easy as some people think it is. I would check into it at your local hub. There are major hubs in just about every state. If not there should be some large stations that can suit your need.

[@xajabz1176]

These are the kinds of people I’m lookin for I hate “hustler” pages that act like it’s so easy to make money with no steps or responsibility. I like these honest people who speak from experience god bless and happy retirement

[@MichaelJones1527]

Thank you, I worked hard for RPS/FedEx Ground for 34 years.

[@larsm7202]

I really appreciate this video, thank you so much for posting.

[@MichaelJones1527]

Glad it was helpful!

[@bigmig7877]

Great video Mike! Don’t know why FedEx doesn’t use these types of video’s to promote owning and being part of a great company.

[@MichaelJones1527]

I had someone else tell me that I should get paid for promoting FedEx. LOL. It was a good company to be associated with for 34 years.

[@whatupdawg281]

@@MichaelJones1527 I’m confused on how this all works. Do most owners/contractors just drive their own trucks or do they hire employees?

[@MichaelJones1527]

@@whatupdawg281 Most contractors have drivers because you are required to have multiple trucks. You can drive one and hire additional drivers or just hire drivers and be the spare driver. A lot of contractors do the latter because as you grow you don't need to be on the road.

[@whatupdawg281]

@@MichaelJones1527 when ever I worked at FedEx ground as a package handler one of the biggest things I noticed was the pay difference between driver’s especially at different companies. Why are there such huge pay differences for drivers? Is it because of their routes or what? I’m asking because I’m wondering if certain companies are paying such lower rates because they have to or if they just want to.

[@MichaelJones1527]

@@whatupdawg281 All contractors are independent contractors and they set the salary rate for their drivers. Most drivers are paid by the mile, so if they drive a long route they will get paid more. Most contractors try to get the best drivers by paying the best that they can.

[@dallasdeloach6142]

Great information sir thank you. I'm a linehaul Driver for FedEx ground look to make that move to ownership

[@MichaelJones1527]

Good luck in your move to ownership.

[@jamieo8653]

Great content Mike. Thank you!🇺🇸

[@MichaelJones1527]

Thanks Jamie

[@roverandmorerestore7266]

WHO?! MIKE JONESSSSS

[@MichaelJones1527]

Yeah, I'm the old white rapper from North Carolina. LOL

[@roverandmorerestore7266]

@@MichaelJones1527 😂😂 great to se you have a sense of humor

[@pacmankells]

Lol I was looking for this comment

[@roverandmorerestore7266]

@@pacmankells 😂

[@luissoares8402]

This is Great. Thank you for sharing

[@MichaelJones1527]

Thank you I hope this is helpful.

[@tracytaylor8427]

Such a nice, truthful and professional video. Is FedEx Ground a good place for a rookie driver and former Courier? Thx

[@MichaelJones1527]

I worked there 34 years and I thought it was a very good place to work. I was proud to be associated with FedEx Ground. Now that being said I only worked in the South Region but every terminal I went to I was treated respectfully.

[@jajajaja2624]

I seen offers to buy the company along with the driver's .

[@MichaelJones1527]

There should be plenty of routes available in most hub areas. Someone is always ready to retire.

[@black12212]

I'm interested in purchasing an existing Fed Ex linehaul route

[@MichaelJones1527]

That's great.

[@brelendwiggins7238]

I been driving tractors for fedex ground for five years now. I’m out of Charlotte nc, I now want to buy my own contract. How do I go about doing that?

[@MichaelJones1527]

Check with Rick Starnes, the linehaul manager

[@cedricmacon6729]

Hi Mike, I'm in the Charlotte area. Would love to chat with you more. Great info.

[@MichaelJones1527]

I'd be glad to.

[@synethiacurry9359]

Mike great videos. Did you ever contract on the P&D side?

[@MichaelJones1527]

Yes, I did when I first started. I had a van for about 6 months. That was not my strong point and I switched to linehaul as soon as I could.

[@dbrown2989]

Well said sir.

[@MichaelJones1527]

Thank you.

[@lidiia5956]

Please tell how to apply for contracting opportunities for FedEx Express ?

[@MichaelJones1527]

FedEx Express does not contract they are employees. FedEx Ground and Custom Critical are the only two contracting divisions.

[@Nofacenocase1619]

What are your thoughts on it now in this market. ?

[@MichaelJones1527]

I still feel that FedEx Ground is a good investment. I worked 34 years in the system and I was able to grow it into a multi-million dollar business. If I were starting out again I would not hesitate to go this route.

[@jerrychristensen9219]

Another' good video mike !!

[@MichaelJones1527]

Thanks Jerry.

[@patricksears163]

Hello, great videos thanks! I am thinking about getting into FedEx myself in 2021. You specialized in linehaul. From what I can tell (and correct me if I'm wrong) FedEx only pays around $1.95 per mile right now to their contractors. This pales in comparison to the $2.50-$6.00+ independents are getting currently. How do you compete for drivers now?

[@MichaelJones1527]

You are not taking in to consideration the drop and hook pay plus no deadheading with FedEx. You get payed for all your miles including empty miles. Do the math with the others and factor that in and you will see that the miles are more than comparable. Plus their fuel program and insurance are the best that you can get. I've done both. I use to pull for Amazon also and with having to have my own authority and the insurance rates were 4 times as much if you bought it independently. I insured a fleet of 40 trucks as cheap if not cheaper than I insured 10 at Amazon. My opinion and experience but you can do your own research to debunk it, if you like. 34 years with FedEx and it was the best opportunity for me.

[@34556t]

@@MichaelJones1527 if fed ex pays 2.50 or above all year around then I would say it’s worth it but I wanna know how much a route can make before I go in this Business in line haul teams runs

[@MichaelJones1527]

@@34556t route pay is based on how many miles you run. I don't know the rate this year because I left in 2020, so I don't have access to a contract.

[@gameoftraders7888]

It is very informative. Can you buy route as a business Owner even you don’t drive ?

[@MichaelJones1527]

Yes

[@htatesil4192]

@@MichaelJones1527 what's the average cost

[@MichaelJones1527]

@@htatesil4192 There is no average amount. Most routes have to stand on their on merit. Also it's up to the contractor to put a price on it. It will bring what the market will it bring. It's totally up to the discretion of the owner of the routes.

[@haleynorth13]

Hi Mike, any thoughts on consulting companies like Route Consultant that claim to help people buy routes? My husband is interested but I am concerned it is a scam and too good to be true. Advice?

[@MichaelJones1527]

I have seen their promos and they are some Johnny come lately guys that are taking a different approach than what I did. They have a lot of hype and I don't trust their angle either. I did it the old fashion way and started with one truck. Unfortunately, FedEx requires at least two trucks now. I don't particularly like the high-pressure tactics those guys seem to employ.

[@haleynorth13]

@@MichaelJones1527 That's very helpful, thank you!

[@TrendingHeadlinesTV]

Hi Mike, I currently drive for a co tractor at FedEx ground out of California. I am seriously thinking about buying my own truck and becoming a contractor myself. Is it possible for me to buy a truck, contract with FedEx Ground since I already know the system, and drive solo for myself? Not sure if this is possible to be an owner operator and drive solo as a FedEx contractor? Thanks for any advice you may have Mike.

[@MichaelJones1527]

Unfortunately, it's not possible to have a contract with FedEx with less than 3 trucks. I have heard they may even raise that to 5. You have to be a S or C corporation.

[@tavarezj]

Hey Mr Mike i been doing some amazon flex but now im interested in getting some kind of contract to use my own truck fedex seem like a good options. Where could i find some info about starting something with fedex? Thanks in advance 🙏

[@MichaelJones1527]

Go to Buildagroundbiz.com

[@smoothchicago742]

Who mike Jones

[@MichaelJones1527]

Yes, I'm the old white rapper from North Carolina. LOL

[@smoothchicago742]

@@MichaelJones1527 lol appreciate the content brother. I have my Cdl and I am looking to owner operate in the future

[@MichaelJones1527]

@@smoothchicago742 sounds good. Keep yourself focused on your goals.

[@yellowman617]

I wanna invest in my contractor

[@MichaelJones1527]

That would be between you and your contractor. Talk to him.

[@pasquale3960]

I'm purchasing a local run that can profit $120k per year. How much should I pay For this? Thanks

[@MichaelJones1527]

There's not a one size fits all answer for that. I would need more detail. Are you getting equipment with the purchase? How long have the runs been established? Are they dedicated runs or are they extra board? How many miles are the you getting with the routes? Is this linehaul or local? Are you getting employees with the routes? I hope you see there are a lot of variables and questions you should ask.

[@jereljackson]

Appreciate all the info Mike. I currently own a trucking company and looking to become a Fedex Linehaul contractor. Would you be willing to connect with young inspiring contractors? I don't expect ANYTHING for free and I value others experience and expertise in a field that I'm striving to be successful in. Let me know... Thanks!!

[@MichaelJones1527]

Sorry I haven't replied until now. For some reason I didn't see your comment until now. Sure you can get in touch with me. I hope by now that you've already gotten in touch with FedEx. FedEx was a good career for me for 34 years. I have been enjoying my retirement this past year and I apologize for not getting back to you until now.

[@mcgustyfamily6770]

Great video Mike! Is there anyway to speak offline?

[@MichaelJones1527]

yes I can be called at 704-860-4560 most days. I'll try to talk if I'm not busy. Hope you understand.

[@instructorchristieharris8986]

Are there seller finance options with the RedEx Routes Mike?

[@MichaelJones1527]

Yes there are some?

[@jrod2422ify]

I wish FedEx let us buy two routes to start off. Now they’ll require 5 to be a contractor

[@MichaelJones1527]

Are you speaking of Linehaul or package vans?

[@tylerhiggins4106]

@@MichaelJones1527 how many do you have to start with line haul

[@MichaelJones1527]

@@tylerhiggins4106 You have a minimum of two trucks

[@kickstand9952]

@@MichaelJones1527 It’s 5 now they changed it

[@MichaelJones1527]

@@kickstand9952 Are you talking about linehaul or package vans.

[@paulajones4578]

How can I get a Linehaul contract? I've been on build a biz but not getting anywhere.

[@MichaelJones1527]

What location do you want to work at?

[@tajgohel7833]

Great video. Mike I am thinking about getting into this business was wondering if we communicate so I can prick your brain. Thank you.

[@MichaelJones1527]

That may be possible.

[@rzamot]

Hi Mike, would you consider being a consultant? I need someone to help me buy a Linehaul Route.

[@MichaelJones1527]

How much of a consultant do you want? I have helped numerous people over the past few years. My expertise is in linehaul but I did work as a package van owner for a short while back in the 80's. I am fully retired but I do value my free time. I hope you understand.

[@jerrycoker8964]

Mr. Jones I currently work for FedEx ground in Savannah Georgia and have often wondered how I could become a contractor

[@MichaelJones1527]

Are you wanting to be a linehaul contractor or package van contractor? I use to be a linehaul contractor in Savannah. We just sold our Savannah contracts this past October.

[@jerrycoker8964]

Just wondering if I purchased a couple trucks how do you get spots on the extra board do u have to purchase spots on the extra board from someone that has them

[@MichaelJones1527]

@@jerrycoker8964 You must be approved as a contractor first, then you would buy two trucks and have drivers available. Don’t get the cart before the horse.

[@jerrycoker8964]

That's why I'm trying to ask questions to see the steps I need to take

[@MichaelJones1527]

@@jerrycoker8964 Have you talked to the Linehaul manager at your terminal? Which one do you work at 299, 313 or 314? I worked out of all three. There has to be an opening to get approved at least that’s the way it use to be. It’s a process. The quickest way of course is to purchase an existing route from a contractor that is willing to sell two of his routes. Ask around locally you might get lucky and run across someone who wants to sell. Although a route can be pretty expensive probably somewhere in the range of 150k a piece.

[@videorc4449]

Who? Mike Jones who? Mike Jones

[@MichaelJones1527]

yes I'm the white Rapper. LOL

[@Mosibeer4u]

Any suggestions on where to buy these routes

[@MichaelJones1527]

Routes are available all over the US. What location are you looking at.

[@Mosibeer4u]

@@MichaelJones1527 Mid Atlantic- MD, VA, NC, SC - thanks Mike

[@MichaelJones1527]

@@Mosibeer4u Are you looking for linehaul or local P&D delivery?

[@Mosibeer4u]

@@MichaelJones1527 P& D delivery is first preference but I like linehaul too if drivers are available

[@MichaelJones1527]

@@Mosibeer4u I have seen plenty of routes for sell at the different brokers that I watch.

[@instructorchristieharris8986]

Are there seller finance options with the FedEx Routes Mike?

[@Lutavian]

From my understanding most people are willing to seller finance

[@MichaelJones1527]

yes there are when you don't go through a broker. Most brokers don't suggest this because they want to get their money up front. I sold and financed most of my routes and have been very successful with that plan.