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In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. In one instance, after a crucial business loan was denied, he took the company's last $5,000 to Las Vegas and won $27,000 gambling on blackjack to cover the company's $24,000 fuel bill. It kept FedEx alive for one more week. [17]
On January 14, 2013, FedEx named Henry Maier CEO and President of FedEx Ground, to take effect after David Rebholz retired on May 31, 2013. [10] Until 2018, most FedEx Ground US operations were five days a week, but this was expanded to six in September 2018 due to the rise in demand driven by e-commerce. [11]
FedEx Ground Economy (formerly FedEx SmartPost): Consolidates parcels from merchants such as e-commerce and catalog companies, transports them in bulk between its hubs, and uses FedEx Ground or Home Delivery for final mile delivery. Formerly Parcel Direct, a subsidiary of catalog publisher Quad Graphics, acquired by FedEx in 2004. [24]
Long before Fred Smith was the billionaire founder of FedEx, he was a Vietnam veteran with a love of flying and a small fleet of planes for hire.“I would be flying these parts and pieces from ...
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Frank Watson Jr., a lawyer who was key to FedEx, has died. He worked at some of Memphis' most historic firms and represented many significant clients. Frank Watson Jr., influential Memphis lawyer ...
In late 2018, he was promoted to the CEO of FedEx's legacy Express business. [12] After retirement of David J. Bronczek in 2019, Subramaniam was named the COO. [13] [14] He joined the FedEx board in January 2020. [9] [15] Subramaniam replaced FedEx founder Fred Smith as the President and CEO on June 1, 2022.
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