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 9 million shipments daily to over 220 countries. It uses 660 airplanes at 375 airports worldwide and has more than 90,000 vehicles for express, ground, freight and expedited delivery service.
There are over 1,775 FedEx Office and Print Centers, formerly known as Kinko's.
FedEx has 41,503 drop box locations which includes 4,991 U.S. Postal Service locations.
In fiscal 2012, the company reported revenue of $42.7 billion, up from $39.3 billion the previous year, and net income of $2.03 billion.
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
- 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 July 12, 2012