FedEx

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FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee.[5][6] 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. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office (originally known as Kinko's), FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. FedEx is also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract.[7]

FedEx Corporation
FedEx - Federal Express McDonnell Douglas DC-10-30(F) N319FE (cn 47820-317) (4196174034).jpg
Trade name
FDX
Formerly
Federal Express Corporation​ (1971–1997)
FDX Corporation​ (1997–2000)
Type
Public company
Traded as
NYSE: FDX
DJTA component
S&P 100 component
S&P 500 component
ISIN
US31428X1063
Industry
E-commerce
Services
Transportation
Founded
May 5, 1971; 51 years ago in Little Rock, Arkansas
Founder
Frederick W. Smith
Headquarters
942 S Shady Grove Rd, Memphis, Tennessee, US
Number of locations
1,950 FedEx locations (2020)
Area served
Worldwide
Key people
Frederick W.Smith
(Executive Chairman)
Raj Subramaniam
(President and CEO)
Services
Business services
Express delivery
Freight transportation
Logistics services
Revenue
Increase US$93.512 billion (2022)
Operating income
Increase US$6.245 billion (2022)
Net income
Decrease US$3.826 billion (2022)
Total assets
Increase US$85.994 billion (2022)
Total equity
Increase US$24.939 billion (2022)
Number of employees
547,000 (May 2022)
Subsidiaries
FedEx Custom Critical
FedEx Express
FedEx Freight
FedEx Ground
FedEx Logistics
FedEx Office
FedEx Services
FedEx Supply Chain
FedEx Trade Networks
TNT Express
Website
Footnotes / references
[1][2][3][4]
FedEx's prominence in both the United States and the world have made it a common topic in popular culture, with examples including the film Cast Away as well as some of its marketing slogans (most famously "when it absolutely positively has to be there overnight"). In addition, FedEx has purchased the naming rights to FedExField of the NFL's Washington Commanders and FedExForum of the NBA's Memphis Grizzlies. FedEx's air shipping services have made its main hub (aka the "Superhub") at Memphis International Airport the busiest cargo airport in the world by 2020.
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