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FedEx Corporation, originally known as Federal Express Corporation, is an American multinational conglomerate holding company specializing in transportation, e-commerce, and business services.
FedEx Express is also the world's largest express transportation company. [4] A FedEx Express Boeing 737-800(BCF) operated by European airline ASL Airlines Belgium. The company's global "SuperHub" is located at Memphis International Airport. [5] In the United States, FedEx Express has a national hub at Indianapolis International Airport.
According to the company, it has approximately 2,200 operating facilities. [11] With over $2 billion in revenues, the company is the 7th largest printing company in North America. [12] The company's primary competitors in the crowded North American market include The UPS Store, Office Depot/OfficeMax, AlphaGraphics, Staples, Sir Speedy, and ...
FedEx Ground, a subsidiary of the FedEx Corporation, is an American ground package delivery company headquartered in Moon Township, Pennsylvania, a suburb of Pittsburgh. The company began as Roadway Package System ( RPS ), founded in 1985 by transportation company Roadway Services Inc. , later renamed Caliber System.
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]
FedEx acquired the company in 2015 and re-branded it as FedEx Supply Chain in 2017. [7] The company manages 130 Warehouse and Distribution Center operations in North America region with a total of 35 million square feet of warehouse space under its management. FedEx Supply Chain was recognized by Multichannel Merchant as a Top 3PL for 2018. [8]
Jim Barksdale, FedEx COO at the time of the Zapmail launch, went on to become CEO of McCaw Cellular and later of Netscape. Fred Smith, founder and CEO, has been described as follows: “A guy like Fred Smith doesn’t build a company like FedEx without taking some risks and making some mistakes, but clearly the successes far outweigh the ...
In April 2015, FedEx announced its agreed intention to buy TNT Express for €4.4 billion, as it looked to expand its operations in Europe. [4] The European Commission launched an investigation into the planned acquisition [ 5 ] and on 8 January 2016, approved the deal.