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. Its most recent service launch is fedex.com Integration manager, a new Web-based tool to serve the e-commerce industry.
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 first quarter of fiscal year 2014, ending Aug. 31, 2013, was $489 million, increasing 7 percent year-over-year from $459 million.