How much do independent contractors make with FedEx?
How much does an Independent Contractor make at FedEx in the United States? Average FedEx Independent Contractor yearly pay in the United States is approximately $100,000, which is 42% below the national average.
How much does FedEx pay contractors per package?
But on a rough basis, a contractor can expect about $1.50 per SmartPost parcel, compared with $2.70 for a conventional one. The FedEx Ground model has worked because it offers contractors a powerful brand, growth and steady income as the company pays contractors weekly for delivered packages.
How much does a FedEx owner make?
A route owner can make an annual profit of $30,000 to $50,000 on a single route, he said. Each business has a unique contract with FedEx that outlines the terms of how they’ll be paid. FedEx usually pays route owners based on how many stops the truck makes and how many packages the driver picks up and delivers.
Is it worth buying a FedEx route?
FedEx routes can be highly profitable, but they may not offer the full potential profitability of starting a business from scratch. If you invent something new or capitalize on a new market, you could conceivably make more money that way.
Do FedEx contractors make good money?
Wages above this are outliers. $1,597 is the 90th percentile. Wages above this are outliers….What are Top 10 Highest Paying Cities for Fedex Ground Contractors Jobs in California.
| City | Richmond |
|---|---|
| Annual Salary | $63,052 |
| Monthly Pay | $5,254 |
| Weekly Pay | $1,213 |
Is working for a FedEx contractor a good job?
This is a deceptive company. This is an illegal scam. Fedex will own you, and if you resist in any way, they will destroy your company. I did it for 8 years and walked away because of the criminal conduct of fedex management. Any good reviews are fake, or current contractors trying to sell their routes.
Is owning a FedEx route profitable?
As you look to buy a FedEx Ground route, look for P&D businesses with profit margins between 10%-25% of revenue. These are healthy businesses! For example, if you purchase a FedEx Ground route with approximately $800,000 in revenue per year, you can expect to pull in approximately $120,000 in profit (or 15%).
How much is it to buy a FedEx route?
An average priced FedEx Ground route for sale will require a down payment of around $150,000-$200,000, plus working capital. Higher cost routes, like our premier linehaul listings, may require down payments in excess of $1,000,000.
How much does it cost to buy a FedEx route?
How does FedEx pay its contractors?
FedEx’s rates to contractors vary widely by location and are negotiated individually. But on a rough basis, a contractor can expect about $1.50 per SmartPost parcel, compared with $2.70 for a conventional one.