FedEx

FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company which focuses on transportation, e-commerce and business services which is headquartered 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. 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.[5]

FedEx Corporation
FDX
FormerlyFDX Corporation
TypePublic
ISINUS31428X1063
Industry
FoundedMay 5, 1971; 50 years ago (1971-05-05)
(as Federal Express Corporation)
Little Rock, Arkansas
FounderFrederick W. Smith
Headquarters,
Area served
Worldwide
Key people
  • Frederick W. Smith
    (Chairman and CEO)
  • Raj Subramaniam
    (President and COO)
ProductsExpress Delivery[1]
Logistics Services
Business Services
Freight Services
Revenue US$169.693 billion (2019)[2]
US$7.46 billion (2019)[2]
US$6.54 billion (2019)[2]
Total assets US$376.628 billion (2020)[2]
Total equity US$24.170 billion (2020)[2]
Number of employees
650,000+ (2020)
SubsidiariesFedEx Office
FedEx Express
FedEx Ground
FedEx Freight
FedEx Services
FedEx Logistics
Websitewww.fedex.com

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 Football Team and FedExForum of the NBA's Memphis Grizzlies. FedEx's air shipping services have made its main hub or known as the "Superhub" at Memphis International Airport, the busiest cargo airport in the world by 2020 and Hong Kong[6] as second-busiest cargo airport in the world behind Memphis.