Episode 114 | Spencer Patton
Www.Routeconsultant.com
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 of 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 an 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 fleets of vehicles on the road making him “The Largest FedEx Contractor in the US. His company, Route Consultant, offers 26 services within the vertical from the buying and selling of FedEx Ground and Amazon routes to financing, safety and maintenance of your equipment.
The company brokers about 50% of all FedEx routes accounting for roughly $260M in sales annually. @Route Consultant Spencer's tenacity, business acumen and finance background are unique. With No transportation knowledge to start 8 years ago, Spencer has been able to leverage his skills to build an impressive vertically integrated operation and also carve out his own lane by adding value In this last mile solution space.
Listen on: https://open.spotify.com/episode/670ikWpVpH0TJMbX9TBzif?si=ab75ccd0548f468d
Don't forget to Like, Subscribe or Leave a Comment!
Check out other episodes of the Truck N’ Hustle Podcast at https://anchor.fm/trucknhustle
and subscribe to our newsletter at https://trucknhustle.com
Visit us on Instagram: https://www.instagram.com/trucknhustle
Visit us on Facebook: https://www.facebook.com/trucknhustle
Visit us on LinkedIn: https://www.linkedin.com/company/truck-n-hustle-llc/
Create your
podcast in
minutes
It is Free