Elite Express Holding Inc. (NASDAQ: ETS)

Elite Express Holding Inc. is a holding company incorporated in Delaware. Through its wholly owned subsidiary JAR Transportation Inc a California based entity it provides last mile delivery services within the state. The company retrieves packages from distribution hubs and delivers them to recipients doorsteps. It operates a fleet of approximately twenty three trucks and trailers and employs about twenty six full time staff including twenty drivers. It uses GroundCloud software for route optimization driver management and compliance monitoring.

The company generates revenue exclusively from last mile delivery services. All of its revenue comes from its sole customer FedEx under an Independent Service Provider Agreement. Revenue consists of fixed weekly service charges and activity based charges for stops packages and other performance metrics. Charges are billed weekly and vary between peak and off peak periods. For the year ended November 30 2025 total revenue was two million six hundred sixty five thousand nine hundred forty eight dollars.

The company operates in the highly competitive route delivery industry. Its competitors include large national carriers such as United Parcel Service Amazon Logistics DHL and United States Postal Service as well as regional players and gig economy platforms like DoorDash and Instacart. The company differentiates itself through exclusive service rights granted by FedEx in defined geographic zones. It leverages technology such as real time route optimization and GPS tracking to improve efficiency. Additional strengths include strict adherence to safety and appearance standards and a predictable revenue model from fixed and activity based fees.

The company serves a single customer FedEx which accounts for one hundred percent of its revenue. As an independent contractor it provides pickup and delivery services for FedEx shipments within its contracted service area in California. The relationship is governed by a multi year agreement that includes performance metrics and renewal options. No other customers are reported in the filing.