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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 Supply Chain, [3] [4] formerly known as GENCO (General Commodities Warehouse & Distribution Co.) is a major third-party logistics (3PL) provider in the United States and Canada. [5] It serves various industries, including: technology & electronics, retail & e-commerce, consumer & industrial goods, and healthcare industries.
FedEx supplied an MD-11 and a leased 747 for the flight test phase. FedEx Express became the first air carrier to deploy the Guardian on a commercial flight in September 2006, when it equipped an MD-11 freighter with the pod. [93] [94] By December 2007, the company had nine aircraft equipped with the system for further testing and evaluation. [95]
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American Freightways Corp. (AF) was an American regional less than truckload (LTL) carrier based in Harrison, Arkansas.It was acquired by FedEx in 2001, [2] renamed FedEx Freight East in 2002, [3] and its operations were merged with FedEx's other LTL subsidiaries in 2010 to form FedEx Freight Inc. [4]
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. The transaction was completed on 25 May 2016. [6] [7]
FedEx stock has been cut in half in 2022 — from $320 per share in mid-2021 to $152.96 as of Oct. 19— in a volatile and generally painful year for investors.It's the fifth time the stock has ...