FedEx

FedEx planes at hub

FedEx Corp. is an American global courier delivery services company headquartered in Memphis that provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. It provides strategic direction and consolidated financial reporting for the operating companies that compete collectively under the FedEx name worldwide: FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, FedEx Custom Critical, FedEx Trade Networks, FedEx Supply Chain Solutions and FedEx Services.

Federal Express, now FedEx Express, first began operations in 1973, with the delivery of 186 packages to 25 U.S cities, and today it has the world’s largest all-cargo air fleet.

FedEx reported its net profit in the third quarter of fiscal year 2014, ending Feb. 28, 2014, was $378 million, increasing 5 percent year-over-year from $361 million.

FedEx founder Frederick W. Smith, the company’s president, chairman and CEO, delivered the keynote at the JOC’s 14th annual TPM conference in Long Beach, Calif., in March 2014:

Frederick W. Smith 

21 Mar 2017
Shippers spent more on dedicated trucking and last-mile deliveries last year, benefiting top tier carriers. Will industrial and consumer freight follow in 2017?
24 Feb 2016
The ground package arm of FedEx will lease a CenterPoint-owned distribution and sorting facility in Auburn, Washington, six miles from Amazon's Kent fulfillment center and close to the ports of Seattle and Tacoma.
16 Feb 2016
TNT Express returned to the black in the fourth quarter of 2015 as strong growth in European revenues more than offset declines in Brazil and China and its restructuring program gained momentum.
08 Jan 2016
EU antitrust regulators today unconditionally approved FedEx’s 4.4 billion euros ($4.75 billion) acquisition of TNT Express.
16 Dec 2015
A steady influx of e-commerce shipments on the ground gave FedEx lift in the quarter that ended Nov. 30, despite weakness in global trade and faltering U.S. industrial production.
15 Dec 2015
France’s competition regulator has fined 20 parcel delivery companies, including FedEx and DHL Express, a total of 672 million euros ($739 million) for colluding over fuel surcharges.
21 Oct 2015
European Union antitrust regulators will not challenge FedEx’s 4.4 billion euros ($5 billion) acquisition of TNT Express, the companies said.
16 Sep 2015
Weak demand in the less-than-truckload market and higher-than-expected operating costs in its ground segment spurred FedEx to trim down its earnings outlook for 2016.
14 Aug 2015
FedEx Trade Networks, the growing freight forwarding and customs brokerage arm of the global shipping giant, has named Udo Lange its executive vice president and chief operating officer.
03 Aug 2015
FedEx and TNT Express said they still expect to merge in the first half of 2016 despite the European Commission’s decision to launch an in-depth investigation of the US firm’s 4.4 billion euro ($4.8 billion) acquisition of its smaller Dutch rival.
31 Jul 2015
The European Union has opened an investigation into FedEx’s efforts to acquire TNT Express on the grounds that there would be insufficient competition in the market.
22 Jul 2015
FedEx Express is re-engineering its global network by replacing older, higher capacity planes with more efficient, technically advanced aircraft that have lighter payloads. The result should be a more efficient, higher yield operation in an era of slower air cargo trade.