Preview

Fedex

Powerful Essays
Open Document
Open Document
2233 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Fedex
FedEx Corp.
URL:http://www.fedex.com
Email:info@fedex.com
[pic]
Business Description:
FedEx Corp., founded by Frederick W. Smith, began operations in April 1973 and was incorporated on October 2, 1997. FedEx Corp. is a publicly traded company on the New York Stock Exchange and headquartered in Memphis, TN. Fedex Corporation was formed in January 1998 with the acquisition of Caliber System Inc. The company reports in four major business segments. FedEx Express provides time-certain delivery within one to three business days serving markets that comprise more than 90 percent of the world 's gross domestic product. FedEx Ground provides low-cost, day-certain service to every business address in the United States, Canada and Puerto Rico and nearly 100 percent of U.S. residences through FedEx Home Delivery. It also includes FedEx SmartPost, Inc. FedEx Freight provides less-than-truckload freight services through FedEx Freight and FedEx National LTL. The FedEx Freight segment also includes FedEx Custom Critical, Inc., North America 's largest time-specific, critical shipment carrier, and Caribbean Transportation Services, Inc., a leading provider of airfreight forwarding services between the United States and Puerto Rico. FedEx Services provides sales, customer service, and information technology support through FedEx Customer Information Services, Inc., primarily for the benefit of FedEx Express and FedEx Ground. The FedEx Services segment also includes FedEx Office and Print Services, Inc., formerly known as FedEx Kinko 's, and FedEx Global Supply Chain Services, Inc., which offers a range of supply chain solutions. In 2007, FedEx Corporation acquired ANC Holdings Ltd. (now rebranded as FedEx UK), Prakash Air Freight Pvt. Ltd. and Tianjin Datian W. Group Co., Ltd. 's 50 percent share of the FedEx-DTW International Priority joint venture and assets relating to DTW Group 's domestic network in China.
Fiscal Year:
May 31, 2011
Company Type:
Public Company,

You May Also Find These Documents Helpful

  • Good Essays

    P1 Unit 5 Essay

    • 2276 Words
    • 10 Pages

    Student Answer: FedEx was founded in 1971 by Fred Smith, previously known as Federal Express, headquartered in Memphis, TN. FedEx, is a multinational…

    • 2276 Words
    • 10 Pages
    Good Essays
  • Good Essays

    Federal Express was founded in 1973 by Fred Smith. The idea came from FedEx Corporation operates in four segments. FedEx Express is the world's largest express transportation company, delivering some 3 million packages daily. It provides transportation, e-commerce, and business services worldwide. The company offers a range of shipping services for the delivery of packages, documents, and freight. FedEx Freight segment offers regional next-day and second-day, and interregional less-than-truckload freight services. FedEx Kinko's provides document management solutions and many business services including facsimile, black and white and color copying/printing, finishing and presentation services, signs and graphics, Internet access, videoconferencing and various other retail services and products. The company was incorporated in 1971 and is based in Memphis, Tennessee.…

    • 554 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    FedEx Corporation is an American global courier delivery service. It operates under a public limited ownership as a tertiary business.…

    • 1014 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    FedEx, formally known as Federal Express, started delivering packages and freight on April 17, 1973. The company was founded by Frederick W. Smith, a Yale University graduate. Federal Express offered overnight and second-day delivery to 25 cities in the United States. The company started in Memphis, Tennessee, and it is still in that location today. FedEx didn’t actually start showing a profit until July 1975. FedEx starting going international in the 1980s after the company purchased Tiger International and carriers in Japan and Italy. In 1989 FedEx became the first U.S. express carrier to offer direct flights to China.…

    • 3199 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    FedEx Corporation is responsible for the direction of FedEx which is comprised of FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, FedEx Custom Critical, FedEx Trade Networks, and FedEx Services. FedEx started in 1998 and wanted to expand their express delivery service so that they could diversify their portfolio ultimately to compete in the market on a global scale. In 2000, FedEx acquired a new subsidiary called Tower Group International who is a leader in the business of international logistics and trade information technology. Through this acquisition, FedEx has become the largest-volume customs entry filer in North America and a leader in global ocean and air cargo distribution and trade facilitation.…

    • 4943 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Fedex vs Ups

    • 4116 Words
    • 17 Pages

    Fedex was formed in 1971, as the brain child of Fred Smith who started the idea of the business as a undergraduate term paper for a Yale economic class. Smith’s strategy dictated that FedEx would purchase the planes that it required to transport packages, whereas all other competitors used the cargo space available on passenger airlines. In addition to using his own places, Smiths key innovation was a hub and spoke distribution…

    • 4116 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    Fedex vs. Ups

    • 2478 Words
    • 10 Pages

    Federal Express was founded in 1971. In 1973, FedEx started operations officially and its hub-spoke distribution pattern enabled it to offer cheaper and faster service than its competitors. By 1981, UPS began to enter into the overnight air market and the United States Postal Service (USPS) cut its overnight letter at half the price of FedEx’s. Despite facing such extreme competition in the industry, FedEx could still excel due to change in the business environment. The success of the firm could be attributed to several factors:…

    • 2478 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Federal Express, which has since changed their name to The FedEx Corporation, was founded in 1971. FedEx began running their operations in 1973 and created an air and ground industry of delivering packages. FedEx is renowned for the being a leader in the courier industry and also play a very important role in the logistics industry.…

    • 1386 Words
    • 4 Pages
    Better Essays
  • Good Essays

    FedEx Corporation is a market structure of an oligopoly they have control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors. The chief competitor is UPS (United Parcel Services) and both companies ship throughout the United States and have shipping to international ports.…

    • 731 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Ups/Fedex Package Wars

    • 349 Words
    • 2 Pages

    FedEx also has many strengths which keep the company extremely competitive in the industry. FedEx is a very entrepreneurial company, fostering creativity and innovative ideas. The fostering of innovation is important in order to differentiate from competitors and offering new and improved services to customers. FedEx is also a first mover in overnight delivery, grabbing a large portion of the market. FedEx also uses their innovative technologies to surpass competitors and differentiate themselves. Furthermore, the strategic alliance with Kinko’s gives FedEx a retail presence, attracting a different customer base with different needs. This partnering expanded the services FedEx offers.…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mg518 Week 1 Assignment

    • 545 Words
    • 3 Pages

    FedEx’s traditional ways of doing things were changing. Originally, FedEx was a company that provided quick service faster than any competition for a premium price. Price was no object to most companies because the cost of doing business quickly far outweighed not getting it there in time. Bids on new business needed to be there overnight! This brought in more business to most organizations and so the cost was no so important. As times changed and some companies fell on harder times, they could not afford the exhorbinate…

    • 545 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Risk Assessment

    • 1788 Words
    • 8 Pages

    FedEx Corporation is a 29 billion dollar company that offers a variety of supply chain, transportation, business and related information services (FedEx Corporation, 2006). Today FedEx consists of a network of different companies providing services to many countries around the world. FedEx Corporation is the premier provider of shipping and information services worldwide, and its companies function under the motto of "operate independently, compete collectively and manage collaboratively" (FedEx Corporation, 2006).…

    • 1788 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Fedex

    • 1202 Words
    • 5 Pages

    The AASCB case talks about the small package express delivery industry and its evolution. This is a very interesting case to study because of the fact that more and more people are shipping small packages every day especially with the growth ecommerce. It is also interesting because of how this industry has allowed people to conduct business with other people around the world. Today consumers in the US can make purchases or send files directly to and from business in places like China because of this industry. In my opinion the most interesting thing about this case is how the company FedEx was born from a simple observation that Fred Smith Jr. made about shipment overnight. This case took you from the embryonic stage of the express shipping industry and walks you through the growth, where UPS jumps in because barriers are lowered. It then walks you through the decline where only a few companies are standing due to price wars and consolidations in the industry.…

    • 1202 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Fedex Corporation

    • 6660 Words
    • 27 Pages

    Weekly News Wrap from CaseCheck: Flexible courts, degree of force in self-defence and employee-owner employment contracts…

    • 6660 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    United Parcel Services

    • 415 Words
    • 3 Pages

    Delivery Information Acquisition Device (DIAD) version IV or DIAD IV for Delivery/Pickup Staff or Driver…

    • 415 Words
    • 3 Pages
    Satisfactory Essays

Related Topics