FedEx | |
Formerly |
|
Company type | Public |
ISIN | US31428X1063 |
Industry | |
Founded | May 5, 1971Little Rock, Arkansas, U.S. | in
Founder | Frederick W. Smith |
Headquarters | 942 South Shady Grove Road, , U.S. |
Number of locations | 1,950 FedEx locations (2020) |
Area served | Worldwide |
Key people |
|
Services | |
Revenue | US$90.16 billion (2023) |
US$4.91 billion (2023) | |
US$3.97 billion (2023) | |
Total assets | US$87.14 billion (2023) |
Total equity | US$26.09 billion (2023) |
Number of employees | 529,000 (May 2023) |
Subsidiaries |
|
Website | www |
Footnotes / references [1][2] |
FedEx Corporation, originally Federal Express Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee.[3][4] 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. The company is the fifth largest American-headquartered employer globally, with 547,000 employees. FedEx is also one of the top contractors of the U.S. government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract.[5]
FedEx's air shipping services are centered on its "Superhub" at Memphis International Airport, leading it to become the busiest cargo airport in the world as of 2020.[6]
A FedEx truck driving on Route 57 in southern Texas veered into oncoming traffic, leading to the deaths of five people.[7][8]
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