company_name = FedEx Corporation
company_type = Public (NYSE|FDX)
company_slogan = The World On Time
foundation = 1971
location = flagicon|US
Memphis, Tennessee, United States
Frederick W. Smith, Chairman, President
Alan B. Graf Jr., CEO
T. Michael Glenn, EVP/CFO
EVP-Marketing Robert B. Carter, EVP/CIO
num_employees = 275,000 (2006)
products = See complete products listing.
homepage = [http://www.fedex.com/ www.fedex.com]
FedEx Office, FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Supply Chain, FedEx Trade Networks, FedEx Services
revenue = profit$36 billion USD (2007)
operating_income = profit$3.276 billion USD (2007)
net_income = profit$2.016 billion USD (2007)
USD (2008)cite web |url=http://zenobank.com/index.php?symbol=FDX&page=quotesearch |title=Company Profile for FedEx Corporation (FDX) |accessdate=2008-10-02]
FedEx Corporation (nyse|FDX), is a
logisticsservices company, based in the United States. Previous names were Federal Express, Federal Express Corporation, and FDX Corporation.
"FedEx" is a
syllabic abbreviationof the company's original name, Federal Express, used until 2000.
The company was founded as Federal Express by Fred Smith in
Little Rock, Arkansas. ", September 20, 2004] This gave Smith a seeming history and influence to do something with travel and business. The original funding for FedEx came from an investment of $4 million that he inherited from his father with an additional $80 million pro from venture capitalists and $27,000 won by Smith at a Las Vegas at a blackjack table by a desperate Smith.
, its first wide-body aircraft. [http://about.fedex.designcdt.com/our_company/company_information/fedex_history/fedex_timeline#1970-1979 FedEx Timeline | About FedEx ] ]
and creates FedEx Kinko’s Office and Print Services. Watkins Motor Lines was aquired in 2005 and added to the FedEx Freight division.
In December 2007, the
Internal Revenue Serviceof the United States'tentatively decided' that FedEx Ground Division might be facing a tax liability of $319 million for 2002, due to misclassification of its operatives as independent contractors. Reversing a 1994 decision which allowed FedEx to classify its operatives that own their own vehicles, the IRS is auditing the years 2003 to 2006, with a view to assessing whether similar misclassification of operatives has taken place. FedEx denies that any irregularities in classification have taken place, but is facing legal action from operatives claiming benefits that would have accrued had they been classified as employees. [cite news |author= Ron Da Parma |title= IRS says FedEx may owe $319 million |url=http://www.pittsburghlive.com/x/pittsburghtrib/business/s_544387.html |format= html |publisher= Pittsburgh Tribune-Review |date= 2007-12-27 accessdate=2008-01-03 ]
Operating units and logos
FedEx is organized into operating units, each of which has its own version of the wordmark, designed by Lindon Leader of Landor Associates, in 1994. The "Fed" is always
purpleand the "Ex" is in a different colorfor each division. The original "FedEx" logo had the "Ex" in orange; it is now used as the FedEx Express wordmark. The FedEx wordmark is notable for containing a hidden right-pointing arrow in the negative spacebetween the "E" and the "X".
FedEx Express- The original overnight courier services, providing next day air service within the United Statesand time-definite international service. FedEx Express operates the largest civil aircraft fleet in the world and the largest fleet of wide bodied civil aircraft, it also carries more freight than any other airline.cite web | publisher = International Air Transport Association| date=2006 | title = WATS Scheduled Freight Tonne - Kilometres | url = http://www.iata.org/ps/publications/wats-freight-km.htm]
FedEx Ground- Guaranteed day-definite delivery within the United Statesand Canadaat a costsavings as compared to time-definite FedEx Express. Uses a large fleet of trucks which are owned by the independent owner/operators and drivers are independent contractorswho control individual delivery routes and territories. Formerly Roadway Package System (RPS). [ [http://about.fedex.designcdt.com/our_company/company_information/fedex_ground FedEx Ground | About FedEx ] ]
** FedEx Home Delivery - A division of FedEx Ground, specializing in residential delivery Tuesday through Saturday and offers delivery options to provide more flexibility for residential recipients. The logo includes a drawing of a
dogcarrying a package known as spot.com. FedEx Home Delivery only operates in the United States. To make up the difference, "FedEx Ground" in Canada performs the business deliveries and residential deliveries. [ [http://fedex.com/us/services/us/homedelivery/index.html fedex service info - u.s. - home delivery ] ]
** FedEx SmartPost - Consolidates parcels from merchants such as e-commerce and catalog companies and uses the
United States Postal Servicefor the final delivery. Formerly the independent company Parcel Direct until FedEx acquired them for $120M in 2004. [ [http://about.fedex.designcdt.com/our_company/company_information/fedex_smartpost FedEx SmartPost | About FedEx ] ]
* FedEx Freight - Less than truckload (LTL) and other
freightservices. FedEx is one of the largest LTL carriers in the United States, behind YRC Worldwide, and Con-way.
** FedEx Freight East - Formerly
** FedEx Freight West - Formerly Viking Freight.
** FedEx National LTL - Formerly Watkins Motor Lines.
** FedEx Freight Canada - Formerly Watkins Canada Express.
** Caribbean Transport Services - Up until 2003, a part of "FedEx Trade Networks". Provides airfreight forwarding services between the U.S. mainland,
Puerto Rico, the Dominican Republic, and other Caribbeanislands.
FedEx Office(formerly FedEx Kinko's) - The retail arm of the corporation, offers copying and digital printing, professional finishing, document creation, Internet access, computer rentals, videoconferencing, signs and graphics, notary, direct mail, Web-based printing, and FedEx shipping. Formerly an independent company, known as Kinko's until it was acquired by FedEx in 2004 and rebranded to FedEx Kinko's. [ [http://about.fedex.designcdt.com/our_company/company_information/fedex_services/fedex_kinkos FedEx Office | About FedEx ] ]
** FedEx Office and Print Centers - Provides limited FedEx Kinko's services such as copying, printing, Internet access and FedEx shipping.
** FedEx Ship Centers - Provides a central location for FedEx customers to deposit their packages for shipping, also offering a self service photocopy and fax machine, office products for packing and shipping, boxes and packaging services. Formerly, these locations were called FedEx World Service Centers.
* FedEx Custom Critical - Delivers urgent, valuable, or hazardous items using trucks and chartered aircraft. Freight not accepted for transport includes
perishablefood, alcohol, livestock, household goods, hazardous wasteand money.cite web|url=http://www.fedex.com/us/customersupport/customcritical/faq/services.html|date=2007-09-12|title="Fedex Custom Critical FAQ"] Drivers are independent contractors. Service in Mexico uses interline carriers. Formerly Roberts Cartage or Roberts Express.
** Passport Transport - Transports cars, especially those of high value.
** White Glove Services - Handles high-value or sensitive freight which may require special handling, extra security, or temperature controlled transport. For example, bacteria cultures, temperature sensitive
medications, and certain food items [ [http://www.fedex.com/us/customersupport/customcritical/faq/services.html?link=2#anchortag43 Freight Transport - Track Shipments - Custom Critical(60) ] ] can be transported at the temperature intended by the shipper.
** Air Expedite - Formerly known as CharterAir. Specializes in same and next day delivery of freight, including Saturday delivery. Capable of chartering exclusive-use aircraft from
Cessna Caravans up to Antonov An-124s for both domestic and international shipments. Also provides airfreight options for freight normally considered too large and/or heavy to be shipped via normal Express Freight service.
* FedEx Trade Networks - Provides services relating to
customs, insurance, and transportation advice. Formerly C.J. Tower & Sons, then Tower Group International.
* FedEx Supply Chain Services - Provides
logisticsservices including Critical Inventory Logistics, Transportation Management Services, Fulfillment Services, etc. Formerly Roadway Logistics System, then Caliber Logistics.
* FedEx Services - Provides
marketingand information technology(IT) services for the other FedEx divisions.
* FedEx FCIS or FedEx Customer Information Services - Offering a customer service toll-free telephone line for customer questions. It is operated by an automated operator then will prompt the user to a live agent for uses of tracking, claims, scheduling pick-ups (Express, Ground, Same Day, Custom Critical, Freight Express, and Freight LTL), compliments and complaints, locations (both staffed counter locations and drop-boxes), ordering supplies, setting up FedEx accounts, billing etc.
According to the
Center for Responsive Politics, FedEx Corp is the 21st largest campaign contributor in the United States. They have donated over $21,124,184 since 1990, 45% of which went to Democrats and 55% to Republicans. Strong ties to the White House and members of Congress allow access to international trade and tax cut debates as well as the rules of the business practices of the United States Postal Service. In 2001, FedEx sealed a $9 billion deal with the USPS to transport all of the post office's overnight and express deliveries. [ [http://www.opensecrets.org/orgs/summary.asp?ID=D000000089&Name=FedEx+Corp Donor Profiles ] ]
In 2005, FedEx was among 53 entities that contributed the maximum of $250,000 to sponsor the second inauguration of President
George W. Bush. [cite news |first=Jim |last=Drinkard |title=Donors get good seats, great access this week |url=http://www.usatoday.com/news/washington/2005-01-16-inauguration-donors_x.htm |publisher=USA Today |date=2005-01-17 |accessdate=2008-05-25 ] [cite news |title=Financing the inauguration |url=http://www.usatoday.com/news/washington/2005-01-16-inaugural-donors_x.htm |publisher=USA Today |date= |accessdate=2008-05-25 ] [cite news |title=Some question inaugural's multi-million price tag |url=http://www.usatoday.com/news/washington/2005-01-14-price_x.htm |publisher=USA Today |date=2005-01-14 |accessdate=2008-05-25 ]
* "When it absolutely, positively has to be there overnight"
* "Absolutely, positively"
* "Relax, it's FedEx"
* "Don't panic"
* "Whatever it takes"
* "The World on Time"
*From 1997 to 2002, FedEx was the title sponsor of
Champ Car World Serieswhen it was known as CART. The series was known as the CART FedEx Championship Series, which led to the official "Champ Car" designation in reference to the fact they were the FedEx Championship.
*FedEx became the sponsor of the #11
NASCAR Sprint CupToyota owned by Joe Gibbs Racingin 2005. FedEx uses four (predominantly black) paint schemes to showcase its different products (Express, Freight, Ground, and FedEx Kinko's), and in 2005 also ran a special scheme to promote a charity event at the FedEx St. Jude Classic golf tournament. The car is driven by Denny Hamlin.
*FedEx sponsors the
Formula 1 Team McLaren. The two cars on the team are driven by Lewis Hamiltonof Britain and Heikki Kovalainenof Finland. Prior to that FedEx has sponsored Ferrari, Benetton (now Renault) and Williams F1.Basketball and Concerts
*FedEx sponsers The Fedex Forum, Home of the Memphis Grizzlies and The Memphis Tigers
FedExField, an American football stadium in the Maryland suburbs of Washington, D.C.
FedExForum, a basketball arena in Memphis, Tennessee
last = Foust
first = Dean
title = Fredrick Smith: No Overnight Success
accessdate = 2007-10-30
last = Bartiromo
first = Maria
title = The Inspiration Behind Federal Express: A Central Hub
accessdate = 2007-10-30
last = Cato Institute
title = Does Fred Smith and FedEx Have Ed Crane and The Cato Institute In Their Back Pockets?
accessdate = 2007-10-30
* [http://www.fedex.com/?location=home&link=5 FedEx - Index of national homepages]
* [http://news.van.fedex.com Official FedEx Newsroom]
* [http://www.thesneeze.com/mt-archives/000273.php Interview with Lindon Leader, designer of the FedEx Logo]
* [http://www.opensecrets.org/orgs/summary.asp?ID=D000000089 Fedex Corporate political contributions]
* [http://www.accuracyproject.org/shippingholidays.html U.S. Mail holidays - UPS holidays - FedEx holidays - Internet Accuracy Project]
* [http://www.reportonbusiness.com/servlet/story/RTGAM.20071029.wrfedex29/BNStory/Business/home?cid=al_gam_mostview Summary report, corporate factsheet (
The Globe and Mail)]
* [http://a116.ac-images.myspacecdn.com/images01/95/l_1845c3211dab43a33c30649d5e8b11eb.jpgFedEx uniform]
* [http://seekingalpha.com/transcripts/for/fdx Most recent Fedex quarterly conference call transcript on seeking Alpha]
* [http://www.cogmap.com/chart/federal-express-corporation-fedex Fedex organization chart]
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