Where is FedEx's main hub?
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, and Hong Kong second-busiest cargo airport in the world behind Memphis. For the history of Federal Express, see FedEx Express.
When did FedEx become a holding company?
The new holding company began operations 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.
What does FedEx Express stand for?
FedEx Express (Orange "Ex"): The original overnight courier services, providing next day air service within the United States and time-definite international service. FedEx Express operates one of the largest civil aircraft fleets in the world and the largest fleet of wide bodied civil aircraft; it also carries more freight than any other airline.
Why is FedEx one of the top companies to work for?
The firm was named by Fortune magazine as one of the top 100 companies to work for in 2013, citing the company's choice to downsize with voluntary buyouts rather than involuntary layoffs. FedEx was criticized for its partnership with the National Rifle Association, which it terminated in 2018 under pressure from activists.
Where is the FedEx headquarters located?
Memphis, TNFedEx / Headquarters
Where is the largest FedEx hub located?
MemphisFedEx's Memphis World Hub is the largest of 12 hubs that process overnight packages and letters in the company's worldwide network.
Why is FedEx headquarters in Memphis?
“FedEx is dedicated to diversity, and we are actively investing in Downtown Memphis to bring jobs to the heart of our diverse city. This facility serves as another visible demonstration of our continued commitment to these principles as well as to our hometown for nearly 50 years.”
How many FedEx Express locations are there?
FedEx ExpressFedEx World Service Center® locations665FedEx Office locations>2,150FedEx Authorized ShipCenter® (FASC) and Alliance Partners6,100FedEx Express® Drop Box locations32,000Stations2,1509 more rows
Where are FedEx international hubs?
International regional hubs are located at Paris-Charles de Gaulle Airport, Guangzhou Baiyun International Airport, Kansai International Airport, Toronto Pearson International Airport, Cologne Bonn Airport and Liège Airport. There are a total of 12 air hubs in the company's worldwide network.
Why do all FedEx packages go to Memphis?
The packages start arriving at 10 p.m. By 6 a.m., they're all gone. FedEx has other sorting hubs around the country, but Memphis remains the largest. As company officials like to say, Memphis is the location of last resort for any package that missed the cutoff times for flights into other airports.
Do all FedEx packages go through Memphis?
Not every package shipped through FedEx Express goes through Memphis, but the majority of them do. In addition to the Super Hub, FedEx Express has 11 other airport-based hubs that process overnight packages.
When did FedEx move to Memphis?
1973The company headquarters moved to Memphis in 1973. The company's website said Memphis was chosen because of its central location within the U.S. and because Memphis International Airport rarely closed due to bad weather. FedEx currently has more than 650 airplanes and 400,000 employees.
When did FedEx headquarters move to Memphis?
FedEx Logistics held an event Tuesday to mark the opening of its offices located just steps from historic Beale Street and the FedExForum sports and concert venue in Memphis, a news release said. The new headquarters was announced in February 2019.
Who owns FedEx company?
FedExFedEx Express / Parent organizationFedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and services based in Memphis, Tennessee. Wikipedia
Is FedEx Ground and FedEx Express the same company?
FDX Corporation changed its name to FedEx Corporation, Federal Express was renamed FedEx Express, RPS became FedEx Ground, Caliber's same-day-critical trucking subsidiary, Roberts Express, became FedEx Custom Critical, and its LTL freight carrier, Viking Freight was re-branded FedEx Freight in 2001.
Is FedEx owned by the government?
No. FedEx is a publicly-traded corporation, which means that it is owned by shareholders. This type of corporation is considered a for-profit corporation. The company is for-profit because it makes money by selling products or providing services.
Where is FedEx's main hub?
FedEx's air shipping services have made its main hub at Memphis International Airport the busiest cargo airport in the United States, the Americas, and the Western Hemisphere, and second-busiest cargo airport in the world behind Hong Kong.
When did FedEx become a carrier?
In 1988, it acquired one of its major competitors, Flying Tiger Line, creating the largest full-service cargo airline in the world. In 1994 , Federal Express shortened its name to "FedEx" for marketing purposes, officially adopting a nickname that had been used for years.
What is FedEx shipping?
FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational 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. 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 does assist in the transport of some United States Postal Service packages through its service FedEx SmartPost.
How much is FedEx worth in 2020?
FedEx's shares traded at over $273 per share, and its market capitalization was valued at over US$73 billion in December 2020.
How many people died in the FedEx shooting in 2021?
A FedEx Ground facility was the site of a mass shooting in Indianapolis on April 15, 2021., causing nine deaths (including the perpetrator) and at least 6 injuries. FedEx released a statement early the next morning, saying they were "deeply saddened" by the loss of their team members.
What is FedEx Corporate Services?
A new subsidiary, called FedEx Corporate Services, was formed to centralize the sales, marketing, and customer service for all of the subsidiaries. In February 2000, FedEx acquired Tower Group International, an international logistics company.
Why did FedEx have a tax liability in 2002?
Internal Revenue Service "tentatively decided" the FedEx Ground Division might be facing a tax liability of $319 million for 2002, due to misclassification of its operatives as independent contractors.
History
- Early history
The concept for what became Federal Express came to Fred Smith in the mid-1960s, while an undergraduate student at Yale. For an economics class, he submitted a paper which argued that in modern technological society time meant money more than ever before and with the advent o… - Rapid growth
A 1977 legislative change (Public Law 95–163) removed restrictions on the routes operated by all-cargo airlines, and enabled Federal Express to purchase its first large aircraft: seven Boeing 727-100s. In 1978, the company went public and was listed on The New York Stock Exchange.The fo…
Fleet
- Current Fleet
As of June 2022[update], the FedEx Express fleet consists of the following aircraft: Note: "F" stands for freighter aircraft. "SF" stands for special freighter aircraft, which are converted from passenger aircraft. FedEx Express operates the world's largest cargo air fleet with more than 65…
FedEx Feeder
- FedEx Feeder is the branding applied to all FedEx Express propeller-driven aircraft that feed packages to and from airports served by larger jet aircraft. In the United States (along with Morningstar Air Express in Canada), FedEx Express operates FedEx Feeder (and for Morningstar, mainline FedEx service) on a dry lease program where the contractor will lease the aircraft from …
Environmental Initiatives
- Delivery fleet
In 2003, FedEx Express introduced hybrid electric/diesel trucks into its fleet. At the time, the company had hoped to replace its entire 30,000 W700 delivery truck fleet with the hybrid, but in June 2009, only 170 were on the road. 93 of these operated in the United States in New York, Ta… - Aircraft modernization
FedEx Express has set a goal of getting 30 percent of its jet fuel from petroleum alternatives by 2030. FedEx phased out its last Boeing 727s in 2013 replacing them with Boeing 757s; the airline says the 757s are 47 percent more fuel-efficient. FedEx will eventually switch from MD-11s to B…
Major Incidents and Accidents
- Over the history of Federal Express and FedEx Express, there have been eight incidents in its mainline fleet, plus an attempted hijacking, two deaths and eight aircraft hull losses. This table only lists mainline fleet crashes that happened under FedEx Express' direct operations, and does not list either crashes related to the FedEx Feeder fleet, or incidents or accidents associated wit…
Northrop Grumman Guardian
- In 2003 FedEx Express partnered with the Department of Homeland Security and Northrop Grumman to develop and flight test an anti-missile system, the Northrop Grumman Guardian. It is intended that this system could be deployed on commercial airliners to protect them from terrorist attacks such as the attempted shootdownof a DHL Airbus A300 in 2003. FedEx supplie…
Sorting Facilities
External Links
History
- Foundation and early history
The company was founded in Little Rock, Arkansas in 1971 as Federal Express Corporation by Frederick W. Smith, a graduate of Yale University. He drew up the company's concept in a term paper at Yale, in which he called for a system specifically designed for urgent deliveries. While hi… - Reorganization and Caliber acquisition
On October 2, 1997, FedEx reorganized as a holding company, FDX Corporation, a Delaware corporation. The new holding company began operations in January 1998, with the acquisition of Caliber System Inc. by Federal Express. With the purchase of Caliber, FedEx started offering oth…
Competitors
- FedEx's primary competitor in the United States and most of its international destinations is the United Parcel Service (UPS). Both companies employ generally similar strategies; both companies' largest hubs for its air delivery are in the southern midwest (Memphis for FedEx and Louisville for UPS), both offer overnight, 2-day, and ground delivery as default options, both frequently use Te…
Corporate Identity
- Logo
The FedEx logo is a wordmark designed in 1994 by Lindon Leader of Landor Associates, of San Francisco. It consists of Fed in purple and Ex in orange. The FedEx wordmark is notable for containing a subliminal right-pointing arrow in the negative space between the "E" and the "X", wh… - Advertising
FedEx advertising slogans have included: 1. "When it Absolutely, Positively has to be there overnight" – 1978–1983 2. "It's not Just a Package, It's Your Business" – 1987–1988 3. "Our Most Important Package is Yours" – 1991–1994 4. "Absolutely, Positively Anytime" – 1995 5. "The Wa…
Corporate Affairs
- Board of directors
As of April 2022[update], the FedEx Corporation board of directors is: 1. Marvin Ellison: Chairman, president and CEO, Lowe’s Companies, Inc. 1. Tricia Griffith: President and CEO, The Progressive Corporation 1. Kimberly A. Jabal: Former CFO, Unity Technologies 1. Shirley Ann Jackson: Presi… - Finance
For the fiscal year 2020, FedEx reported earnings of US$1.286 billion, with an annual revenue of US$69.217 billion, a decline of 0.7% over the previous fiscal cycle. FedEx's shares traded at over $273 per share, and its market capitalization was valued at over US$2,459 billion in December 2…
Controversies and Incidents
- Labor relations
In December 2007, the U.S. Internal Revenue Service"tentatively decided" the FedEx Ground Division might be facing a tax liability of $319 million for 2002, due to misclassification of its operatives as independent contractors. Reversing a 1994 decision which allowed FedEx to class… - Allegations of controlled substances distribution
On July 17, 2014, FedEx was indicted for conspiracy to distribute controlled substances in cooperation with the Chhabra-Smoley Organization and Superior Drugs. According to the U.S. Department of Justice, "FedEx is alleged to have knowingly and intentionally conspired to distrib…
See Also
- Cast Away
- Federal Express Flight 705(attempted hijacking by employee)
- Indianapolis FedEx shooting, murder suicide by employee.
- Federal Express Flight 14 and Federal Express Flight 80
External Links
- Official website
- Business data for FedEx: