FedEx
 |
|
| Public | |
| Traded as | |
| Industry | Courier |
| Founded | 1971 (as Federal Express Corporation) Little Rock, Arkansas |
| Founder | Frederick W. Smith |
| Headquarters | Memphis, Tennessee, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Frederick Smith (Chairman, President & CEO) |
| Products | Post delivery, express mail, freight forwarding, third-party logistics |
| Revenue |
 US$47.453 billion (2015) |
|
US$4.26 billion (2015) |
|
|
US$2.57 billion (2015) |
|
| Total assets |
US$37.069 billion (2015) |
| Total equity |
US$14.990 billion (2015) |
|
Number of employees
|
400,000 (2016) |
| Subsidiaries | Office, Express, Ground, Freight, Custom Critical, Supply Chain, Trade Networks, Services |
| Website | fedex |
FedEx Corporation is an American multinational courier delivery services company headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. The company is known for its overnight shipping service, but also for pioneering a system that could track packages and provide real-time updates on package location (to help in finding lost packages), a feature that has now been implemented by most other carrier services.
FedEx Corporation is an import/export company, incorporated October 2, 1997, in Delaware. FDX Corporation was founded in January 1998 with the acquisition of Caliber System Inc. by Federal Express. With the purchase of Caliber, FedEx started offering other services besides express shipping. Caliber subsidiaries included RPS, a small-package ground service; Roberts Express, an expedited shipping provider; Viking Freight, a regional, less than truckload freight carrier serving the Western United States; Caribbean Transportation Services, a provider of airfreight forwarding between the United States and the Caribbean; and Caliber Logistics and Caliber Technology, providers of logistics and technology solutions. FDX Corporation was founded to oversee all of the operations of those companies and its original air division, Federal Express.
In the 1990s, FedEx Ground planned, but later abandoned, a joint service with British Airways to have BA fly a Concorde supersonic jet airliner to Shannon, Ireland with FedEx packages on board, and then FedEx would have flown the packages subsonically to their delivery points in Europe. Ron Ponder, a vice president at the time, was in charge of this proposed venture.
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Wikipedia