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FedEx Corporation

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The Federal Express was a passenger train operated on the Poughkeepsie Bridge Route.

FedEx Corporation

Type Public (NYSE: FDX (http://www.nyse.com/about/listed/lcddata.html?ticker=FDX))

Founded Memphis, Tennessee (1971)

Location Memphis, Tennessee

Key people Frederick W. Smith, President/CEO

Alan B. Graf Jr., EVP/CFO

T. Michael Glenn, EVP/Marketing

Industry Air Courier

Products See complete products listing.

Revenue image:green up.png$24.710 billion USD (2004)

Website www.fedex.com

FedEx (NYSE: FDX (http://www.nyse.com/about/listed/lcddata.html?ticker=FDX)), properly FedEx Corporation, is a company that offers overnight courier, ground, heavy freight, document copying and logistics services. FedEx is a portmanteau of the company's original name, Federal Express

Contents [showhide]

1 History

2 Operating Units and its logos

3 Other facts of interest

4 Naming rights of sports stadiums and events

5 External links

[edit]

History

The company was founded as Federal Express in 1971 by former U.S. Marine Frederick W. Smith in Memphis, Tennessee, and began operations in 1973. The name was chosen to symbolize a national marketplace, and help in obtaining government contracts. The company, the first cargo airline to use jet airplanes for its services, expanded greatly after the deregulation of the cargo airlines sector. Federal Express pioneered use of the spoke-hub distribution paradigm in air freight, which enabled it to become a world leader in its field. The company operates most of its US overnight freight through its Memphis hub; thus packages from one side of your town to another might find the fastest way via Memphis.

The original Federal Express logo

In 1989 the company acquired Flying Tigers, an international cargo airline. In January 1998 Federal Express acquired Caliber System, Inc, which owned RPS, Roberts Express, Viking Freight and Caliber Logistics. It later purchased American Freightways. When these companies combined, the new organization became known as FDX Corp.

The name "FedEx" had been a popular, if unofficial, abbreviation for Federal Express for several years before the company chose it as its primary brand name in 1994. The "Federal Express" name was eliminated entirely in 2000, when FDX Corporation changed its name to FedEx Corporation.

In February 2004, FedEx bought Kinko's, an American chain that has some 1,200 stores that provide document copying and printing services, for $2.4 billion.

In its advertising, the company made famous the line "Absolutely, positively" for their overnight service; the original phrase was "When it absolutely, positively has to get there overnight." Another slogan, "Relax it's FedEx", is well recognized. For several years the company promoted the slogan "Don't panic", particularly on buttons, probably deliberately lifting it from the Hitchhiker's Guide to the Galaxy stories.

Major competitors include DHL, UPS, and USPS.

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Operating Units and its logos

FedEx Express Logo

Enlarge

FedEx Express Logo

FedEx Kinko's store

Enlarge

FedEx Kinko's store

A FedEx

A FedEx mailbox

FedEx is now organized into a number of operating units, each of which has its own version of the logo. In all versions, the Fed is purple. The Ex is in a different color for each division. The corporate logo uses a grey Ex. Before all of that the original FedEx logo saw the Fed in orange; it is now used as the FedEx Express logo.

* FedEx Express -- The original overnight courier services. Uses a large fleet of aircraft to move packages. Logo color: orange.

* FedEx Freight -- Less than truckload (LTL) and other freight services. Logo color: red.

o FedEx Freight East -- Formerly American Freightways.

o FedEx Freight West -- Formerly Viking Freight.

o 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 Caribbean islands.

* FedEx Ground -- Slower delivery times at a cost savings as compared to FedEx Express. Delivers primarily to businesses. Uses a large fleet of trucks. Formerly Roadway Package System (RPS). Logo color: green.

o FedEx Home Delivery -- A division of FedEx Ground. Delivers to residences, offering service to virtually every address in the US. The logo is that of FedEx Ground, but often includes a drawing of a dog carrying a package.

o FedEx SmartPost -- Consolidates parcels, formerly the independent company Parcel Direct.

* FedEx Custom Critical -- Delivers urgent, valuable, or hazardous items using a large fleet of trucks and chartered aircraft. Formerly Roberts Cartage or Roberts Express. Logo color: blue.

o Passport Transport -- Transports cars, especially those of high value.

* FedEx Trade Networks -- Provides services relating to customs, insurance, and transportation advice.

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