FedEx
American freight and package delivery company / From Wikipedia, the free encyclopedia
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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 | |
Formerly |
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Company type | Public |
ISIN | US31428X1063 |
Industry | |
Founded | May 5, 1971; 53 years ago (1971-05-05) in Little Rock, Arkansas, U.S. |
Founder | Frederick W. Smith |
Headquarters | , U.S. |
Number of locations | 1,950 FedEx locations (2020) |
Area served | Worldwide |
Key people |
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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 |
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Website | www |
Footnotes / references [1][2] |
FedEx's air shipping services have made its "Superhub" at Memphis International Airport the busiest cargo airport in the world by 2020.[6]
A FedEx truck that crossed into the oncoming traffic in May 2024 caused five people to die in Texas.[7][8]