Leading delivery firm for overnight shipments.
942 South Shady Grove Rd.
Memphis, TN 38120
CEO: Fred Smith
Stock Symbol: FDX
FedEx is the world's leading delivery company for overnight packages. It also delivers packages via ground and freight deliveries. FedEx also helps companies with their logistics and supply chain management.
FedEx handles more than 10.5 million shipments daily to over 220 countries. It uses 656 airplanes at 375 airports worldwide and has more than 100,000 vehicles for express, ground, freight and expedited delivery service.
FedEx.com has over 50 million unique visitors monthly.
There are over 1,750 FedEx Office and Print Centers, formerly known as Kinko's.
FedEx has 38,000 drop box locations and 700 FedEx World Service centers.
In fiscal 2014, the company reported revenue of $45.6 billion, up from $44.3 billion the previous year, and net income of $2.1 billion. Average revenue per package was $22.52, up from $22.18 in 2014, down 2%.
E-commerce continues to be a big part of growth for the company. During the 2013 holiday, the company reported 14.5% growth in e-commerce shipments.
The company announced that rates for express and ground delivery will increase by an average of 4.9% in 2015.
The company was started in 1971 as Federal Express by Fred Smith, a Yale classmate and fraternity brother of President George Bush. It officially began operations on April 17, 1973, with the launch of 14 small aircraft from Memphis International Airport. On that night, Federal Express delivered 186 packages to 25 U.S. cities from Rochester, NY, to Miami, FL.
Company headquarters were moved to Memphis, TN., a city selected for its geographical center to the original target market cities for small packages. In addition, the Memphis weather was excellent and rarely caused closures at Memphis International Airport. The airport was also willing to make the necessary improvements for the operation and had additional hangar space readily available.
It soon became the leader in delivery of high-priority goods for businesses and air cargo. The term FedEx became a verb for "sending things overnight" and the company took on this name in 1994.
In 2003, FedEx purchased Kinko's copying centers for $2.4 billion. In 2008, the Kinko's name was changed to FedEx Office.
Benefits at FedEx include:
- Prescription Drugs
- Wellness Programs
- Life Insurance, Accidental Death & Dismemberment& Survivor Income Benefit
- Disability / Income Protection
- Business Travel Accident Insurance
- Pension and 401(k) Savings Plan
- Employee Assistance & Referral Programs
- Dependent Care Reimbursement Account
- Credit Association
- Educational Assistance
- Paid Time Off
The company offers contractor positions for drivers in ground and home delivery business. These are independent contractor positions with no medical insurance provided.
Updated October 22, 2014