Managing a FedEx contracting business requires more than meeting delivery deadlines. Behind every successful operation is a business owner juggling multiple responsibilities—from vehicle maintenance to regulatory compliance. While the opportunity for profit is significant, the financial challenges contractors face can lead to overwhelming stress, especially without proper preparation or planning.
Topics: Business Structure, Business Planning, Bookeeping, Management, Business, settlement, Cash flow, expenses, Financial, Network 2.0, CSA, Plan
FedEx’s recent updates to its Time-Definite Delivery (TDD) policies have service providers talking—and for good reason. These changes, which include transitioning to a weekly TDD Service Charge, instead of a Time-Definite Per Stop Charge, have been introduced to streamline operations and incentivize high-quality performance.
If you're a FedEx service provider, staying informed and adjusting to these updates is crucial for understanding the impact to your settlement and meeting financial margin benchmarks. This guide will break down what the TDD changes mean, how they may impact your operations, and how you can leverage tools like the eTruckBiz OPTIX app to maximize performance and settlement under the new system.
Topics: Business, settlement, Financial, Network 2.0, time definite
As eTruckBiz wraps up its 12th year, we take a moment to reflect on the journey so far and the exciting path that lies ahead. It's been a time of significant challenges and changes, not just for us but for the entire FedEx Contractor community. Despite the turbulence caused by ongoing changes within FedEx and the broader economic landscape, we've navigated these waters with resilience and innovation.
Topics: FedEx, Ground, ISP, FedEx Ground, Business, Contract, contractor, Profit, settlement, Cash flow, Network 2.0, Margins, fxg, CSP, time definite
In our last blog post, we released a legal summary of the most recent lawsuit making the rounds in the transportation business industry. Our goal was to provide contractors with the facts and a summary along with our best industry recommendations. Our advice is always based on past experience and what we believe is best for contractors, but ultimately we want to empower contractors to make their own choices based on their unique business situations.
Topics: FedEx, Ground, ISP, FedEx Ground, Business, Contract, contractor, Profit, settlement, Cash flow, Costs, Network 2.0, Margins, time definate, low cost model, fxg, CSP
At eTruckBiz, our mission is simple- to help contractors run the easiest and most profitable business possible. Recently we’ve become aware of a potentially growing problem found within several contractors’ operating agreements. In each case, these were recently negotiated contracts done by popular brokers in the FXG space.
Topics: Business Results, ISP Negotiation, FedEx, FedEx Ground, Business, Contract, Negotiation, contractor, Profit, Agreement, consulting, settlement, Cash flow, brokerage, brokers
Can anything good come from a grim FedEx earnings pre-announcement?
While the announcement and the withdrawal of next fiscal year’s guidance are ominous signs of storminess to come, there may be a silver lining. In recent months, eTruckBiz has seen a 70% increase in renegotiation requests for its clients being granted, signaling that FedEx may be more willing than ever to work with struggling contractors.
As many of you know from attending our many informational sessions over the years, the contractor model affords FedEx Ground the lowest cost provider of last mile transportation services in the industry.
It appears that now may be the time to unleash the power of this competitive advantage.
Topics: Business Results, ISP Negotiation, FedEx, FedEx Ground, Business, Contract, Negotiation, contractor, Profit, Agreement, consulting, settlement, Cash flow, recession, Rates
So as you might imagine, there is a considerable amount of chatter out there about some recent, controversial events.
Many want to know what we think about the whole situation.
We’re going to give you some thoughts, but I’d like to point out our perspective on the matter first.
Topics: Law, Management, FedEx Ground, Business, Investment, Agreement, consulting, Money, settlement, renegotiation, Financial
In this uncertain time, it seems like there was one thing that was certain.
It appeared that stops and volume were marching forward, with no regard for the turbulence and difficulty that we were told surrounds us.
In a roughly 2+ year environment of growth, the rising revenue tide hid many tree stumps, and kept the good ship Contracted Service Provider sailing happily into the sunset.
All was well.
Until it wasn’t.
Recently, the volume has leveled off and in many cases, retreated.
This dip is not too much different from a “normal” summer, but this time, it hurts...bad.
Let’s look at why.
Topics: Business Tools, Business Planning, Management, Business, Investment, contractor, Profit, Money, less, settlement, Cash flow