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Truck N' Hustle

#114 - FedEx Ground Truck Routes “ For Sale!” - Spencer Patton | Route Consultant | #1 The Trucking Podcast

Truck N' Hustle

Rahmel Wattley

Investing, Entrepreneurship, Business

5661 Ratings

🗓️ 19 October 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

#trucknhustle #trucknhustlepodcast Join us this fall at Freight Fest, Trucking Conference Of The Year brought to you by Truck N’ Hustle November 4th-6th Houston TX! Special Offer https://freightfest.com Special thanks to our sponsors for collaborating with us for the FreightFest 2022. You check our Sponsors on the link below, https://linktr.ee/trucknhustlepodcast With E-commerce Booming and accounting for 27% of all consumer purchases, the last mile sector has become a particularly attractive part of the logistics supply chain for many entrepreneurs. Aligning yourself with the logistical leaders in this space can be a smart way to strategically sustain and quickly grow a transportation business. With good execution, you are able to implement already proven systems, have access to large networks and also maintain a consistent customer. That said, one of these Mega Carriers, Fed Ex Ground, have always uniquely offered the opportunity to buy your way in, Unlike some of its competitors. FedEx Ground is made up of 5,600 independent contractors all who “Own” the Fed Ex Ground routes or (zip code) deliveries Collectively, these entrepreneurs make up an entire network of last mile solutions providers (CSP’s) all operating under FedEx’s DOT authority. This provides a opportunity for entrepreneurs to basically purchase a “turn key” transportation business. Spencer Patton, Founder and President of Route Consultant, purchased his first FedEx Ground operation at age 26 in 2013 (10 Routes) online and now oversees 225 employees and 275 fleet of vehicles on the road making him “The Largest FedEx Contractor in the US. His company, Route Consultant, offers 26 services with in the vertical from the buying and selling of FedEx Ground and Amazon routes to financing, safety and maintenance your equipment. The company brokers about 50% of all FedEx routes accounting for roughly $260M in sales annually. Spencer's tenacity, business acumen and finance background is unique. With No transportation knowledge to start 8 years ago, Spencer has been able to leverage his skills to build and impressive vertically integrated operation and also carve out his own lane by adding value In this last mile solution space. For more check out www.routeconsultant.com

Transcript

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0:00.0

What's up y'all? This is Ramel Watley and welcome to Truck and Hustle, the podcast for trucking entrepreneurs.

0:07.0

If you want to learn about the trucking industry from the business side of things, you're in the right place.

0:12.0

Every week, I interview the people who are making it happen on a daily basis.

0:17.0

I get them to share their successes, their failures, and sometimes even their secrets.

0:21.7

The goal is to show you how you two can create financial freedom in the booming trucking

0:26.0

industry. So sit back, relax, and enjoy the show. You can borrow right now at some of the lowest

0:32.9

interest rates that we've ever seen in modern history. Being able to borrow at three and a half, four and a half, or at the high end, a five and a half percent

0:41.9

interest rate is just unthinkable.

0:44.5

I am a huge believer in using other people's money in order to be successful in your path.

0:53.7

Turn my mic up for you. Take this. Mm. Turn my mic up.

0:56.1

Where you?

0:56.6

Take there.

0:58.0

Yeah.

0:59.2

On the road to the riches.

1:01.8

Life takes the toe like bridges.

1:04.2

Good friends will come foes and snitches.

1:06.6

Better watch you nose in your biz, biz, biz, biz, business.

1:10.1

Right, hustle fam, hustle family, we are back with another amazing episode.

1:14.8

And today, we are live on location at Route Consultants with my man right here, Spencer

1:20.8

Patton.

1:21.8

Spencer Patton.

1:23.0

Hey, nice to meet you, sir.

...

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