Employees: approximately 166,000 employees, more than 220 countries
Fiscal year ends: begins on June 1 and ends on May 31
Headquarter: Memphis, Tennessee
Products: Transportation solution, E-commerce and business services
Rating (long-term): A2 by Standard & Poors and P2 by Moody’s
Competitors: Deutsche Post AG, DHL, UPS, TNT Express
Transportation company that includes FedEx Trade Networks, Inc. (provides international trade services, specializing in customs brokerage and global ocean and air freight forwarding), FedEx SupplyChain Systems, Inc. (offers a range of supply chain solutions) and Bongo International, LLC (a leader in cross-border enablement technology and solutions).
Provider of small-package ground delivery services. The FedEx Ground segment also includes FedEx SmartPost which specializes in the consolidation and delivery of high volumes of low-weight, less timesensitive business-to-consumer packages and GENCO Distribution System which is a leading North American third-party logistics provider.
Provider of less-than-truckload freight services across all lengths of haul. It also includes FedEx Custom Critical, Inc. which is a leading North American provider of time-specific, critical shipment services.
Provides sales, marketing, information technology, communications and back-office support. The FedEx Services segment also includes FedEx TechConnect, Inc., which is responsible for customer service, billings and collections.
Valuation price: -37.5% to the current price
History
The concept for what became Federal Express came to Fred Smith while he was studying at Yale University. As a Yale undergraduate, Fred Smith writes a term paper outlining a system to accommodate urgent, time-sensitive shipments such as medicine, computer parts, and electronics. A few years later, his term paper came to life when the company he started, Federal Express, incorporated in the state of Delaware on June 24, 1971.
Federal Express officially began operations on April 17, 1973, with 389 team members. That night, 14 small aircraft took off from Memphis and delivered 186 packages to 25 U.S. cities from Rochester, New York, to Miami, Florida.
Federal Express Corporation is listed on the New York Stock Exchange with the ticker symbol FDX in 1978.
Federal Express officially adopts “FedEx” as its brand recognized as the worldwide standard for fast, reliable service in 1994.
FedEx Corp. was incorporated as FDX Corporation in the state of Delaware on October 2, 1997 to serve as the parent holding company and provide strategic direction to the FedEx portfolio of companies.
In January 2000, FDX Corporation changed its name to FedEx Corporation and re-branded all of its subsidiaries.
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