Is FedEx about to be purchased?
The answer is probably not...maybe.
Truth is we'll never know for sure until it happens. But don't lose sleep over it because it's not under your control.
However, it's good business to think about and reasonably prepare for change. Focus on things you can control.
Let's take a look at what a sale of FDX might look like for CSP's.
Topics: Business Structure, Business Outlook, FedEx, Ground, ISP, FedEx Ground, Business, Contract, Selling, contractor, Purchase
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RETAINING EMPLOYEES IN TIGHT LABOR MARKETS
Steve Ellis has been a contractor for almost twenty years. Many business owners who've been operating that long think their processes work because they've "always done it this way."
However, Steve's openness to studying and changing his processes make his operations exceptionally successful in a state with some of the lowest unemployment rates in the country.
Topics: Business Structure, Business Tools, Business Results, Management, ISP, FedEx Ground, contractor, Profit
THE PERILS OF BUSINESS OWNERSHIP
Marena and Ralph Markel bought their first FedEx Ground route in 2005.
Of course, they were inexperienced owners, but they were committed to their future and each other. Like many couples who work together, each spouse brought different skills and strengths to the business.
After experiencing significant growth, the pair were overwhelmed by the responsibilities of leading a large team of commercial drivers including:
Would the couple remain happily in business?
Topics: Business Structure, Business Tools, Business Results, Management, ISP, FedEx Ground, contractor, Profit
Some of you reading this have already negotiated your first ISP agreement.
Maybe more than one. Others, still have not gone through the process yet, and are wondering what to expect.
Whether you are a veteran, or going to be a rookie, we thought we'd take this opportunity to share with you what we have learned from helping more than 800 of you (as of August of 2017) successfully get through the process.
Topics: Business Tools, ISP Negotiation, Ground, ISP, FedEx Ground, Business, Contract, Negotiation, contractor
Why is it important to understand and monitor your weekly Driver Productivity Report that is emailed to you weekly from eTruckBiz?
Well, it could mean the difference between surviving in the ISP environment or not.
I want to take you through the report, and show you why it is of utmost importance and why it matters to you.
First and foremost, it provides a way for you, on a weekly basis, to measure and monitor the performance of each driver to the goals or expectations you have in place for them. You should use it to give your drivers feedback and follow up on their performance.
Topics: ISP Negotiation, FedEx, Business Metrics, Ground, ISP, Business
Now that you know you will be going through your initial negotiation, there are a few things you need to be doing NOW. This it true no matter how far off it may seem. If you ask anyone who has already been through one, they'll most likely tell you that a solid understanding of where you currently stand (number-wise) is the foundation of a meaningful and successful process.
Not only will doing the things we are about to mention help you get more of what you want, but being prepared will dramatically lower your stress levels.
Most of us, when embarking on a journey to somewhere we've never been, get the map out (or today "Google It") to see where it is we are going. We then PLAN on how to get there.
You can PLAN your journey to your ideal ISP Destination by doing the following things:
Topics: ISP Negotiation, FedEx, ISP, FedEx Ground, Business, Contract, Negotiation, model