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  company Name FedEx Corporation
  company Logo
  company Type Public ()
  company Slogan The World On Time
  foundation 1971
  location Memphis, Tennessee , United States
  key People Frederick W Smith , Chairman, President, CEO<br /> Alan B Graf Jr , EVP/CFO<br /> T Michael Glenn , EVP-Marketing<br /> Robert B Carter , EVP/CIO
  num Employees 275,000 ( 2006 )
  products See Complete Products Listing
  homepage wwwfedexcom
  subsid FedEx Kinko's , FedEx Express , FedEx Ground , FedEx Freight , FedEx Custom Critical, FedEx Supply Chain, FedEx Trade Networks, FedEx Services
  industry Air Courier
  revenue $32294 billion USD ( 2006 )
  operating Income $3014 billion USD ( 2006 )
  net Income $1806 billion USD ( 2006 )


FedEx (), whose full corporate name is '''FedEx Corporation''', is a cargo airline, printing, and Courier company offering overnight courier, ground, heavy freight, document copying and Logistics services. ''FedEx'' is a Syllabic Abbreviation of the company's original name, '''Federal Express'''.


HISTORY

The company was founded as ''Federal Express'' in 1971 by honorably discharged U.S. Marine Fred Smith in Little Rock, Arkansas , but moved to Memphis, Tennessee in 1973 after Little Rock airport officials would not agree to provide facilities for the fledgling airline. The name was chosen to symbolize a national marketplace, and help in obtaining government contracts. The company officially began operations on April 17 , 1973, utilizing a network of 14 Dassault Falcon 20 s which connected 25 U.S. cities. FedEx, the first Cargo Airline that used only Jet Aircraft for its services, expanded greatly after the Deregulation of the Cargo Airline s sector. Federal Express' use of the Hub-spoke Distribution Paradigm in Air Freight enabled it to become a world leader in its field. The company operates much of its U.S. overnight freight through its Memphis Hub . Other U.S. hubs are located in Indianapolis, Indiana ; Columbus, Ohio ; Newark, New Jersey ; Oakland, California ; Anchorage, Alaska ; Fort Worth, Texas ; Los Angeles International Airport ; Miami, Florida ; Baton Rouge Metropolitan Airport ; and, soon, Greensboro, North Carolina . The Canadian hub operates from Toronto Pearson International Airport . Due for completion in 2008 is the new Asian-Pacific Superhub in Guangzhou Baiyun International Airport ; replacing FedEx Express' current hub in Subic Bay, Phillipines in Southern China increasing service levels and demands in Southern Asia.

In 2005, FedEx Express began expansion of its Indianapolis hub, which by its projected completion in 2010 will be one of the largest FedEx Express hubs.

In August, 1989 the company acquired Flying Tigers , an international cargo airline. It inherited Flying Tigers's U.S. Military transport contract and carried passengers between the continental United States and overseas military installations until October, 1992 . In January, 1998 , Federal Express acquired Caliber System, Inc , which owned Roadway Package System , Roberts Express , Viking Freight , and Caliber Logistics . 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 new identity was revealed to the world on June 24 , 1994. The "Federal Express" name was eliminated entirely in 2000 , when FDX Corporation changed its name to ''FedEx Corporation'' and adopted the Tagline "The World On Time" {Link without Title} .
In 2000, FedEx and the USPS signed a 7-year contract to carry all the USPS overnight and high-priority mail throughout the FedEx system. The postal contract has recently been extended until 2012 and USPS continues to be one of the largest customers for FedEx.
In 2001 , FedEx acquired American Freightways , a leading less-than-truckload (LTL) carrier, and combined them with Viking Freight to create FedEx Freight.
In February 2004 , FedEx bought Kinko's , a Dallas -based chain that provides copying/printing and business services, for $2.4 billion (most likely in response to UPS acquiring Mailboxes Etc ).
In May 2006 , FedEx acquired the assets of Watkins Motor Lines , a leader in long-haul LTL freight transportation for $780 million cash. The purchase allowed FedEx to provide more choices for heavyweight deliveries, expanding its portfolio to meet customer demands. The company has been rebranded as FedEx National LTL, and is part of the Fedex Freight segment.

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 Button s. Throughout Europe , the Marketing tag line is "whatever it takes". One major exception is Interior Alaska outside of Anchorage or Fairbanks local areas. Overnight packages are transferred to the United States Postal Service and then shipped either parcel post or first class mail with no tracking ability. FedEx marks the tracking of these items as "Delivered to customer" when the USPS receives the items.

Major competitors include UPS , DHL , and TNT , in addition to post office organizations around the globe.


OPERATING UNITS AND LOGOS

FedEx is now organized into operating units, each of which has its own version of the Wordmark , designed by Lindon Leader of Landor Associates. In all versions, the ''Fed'' is Purple . The ''Ex'' is in a different Color for each Division . The Corporate Wordmark uses a Grey ''Ex''. The original "FedEx" logo saw the ''Ex'' in Orange ; it is now used as the FedEx Express wordmark. The award winning FedEx wordmark is notable for containing a hidden right-pointing arrow in the Negative Space between the "E" and the "X".
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  • FedEx Express - The original Overnight Courier services, FedEx Express provides guaranteed time and day definite delivery of goods, from envelopes to freight. The world's largest cargo airline uses a fleet of over 670 aircraft and 40,000 local delivery trucks to move packages. Logo color: orange.


  • .

  • --- 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 known as spot.com. Currently, FedEx Home Delivery only operates in the United States, and is not yet available in Canada. To make up the difference, FedEx Ground in Canada performs the business deliveries, as normal, as well as the residential deliveries, that FedEx Home Delivery would usually take.

  • --- FedEx SmartPost - Consolidates parcels from merchants such as e-commerce and catalog companies, and delivers them for "last mile" residential delivery via the US Postal Service. Formerly the independent company Parcel Direct until FedEx acquired them for $120M in 2004.



  • FedEx Kinko's - The retail arm of the FedEx corporation. The logo color is Blue , the same as that of ''FedEx Custom Critical'', but it also includes the name ''Kinko's'' in purple after ''FedEx'', and also comes with an Asterisk -shaped logo (known as the 'Beacon') of three Deltas (each green, orange, and blue, representing Ground, Express, and Kinkos, respectively), converging and forming a purple triangle in the middle, representing the FedEx Corporation. (The official letterhead contains this at the upper right of the FedEx Kinko's name.) Formerly an independent company, it was simply known as ''Kinko's''.

  • --- FedEx Kinko's Office and Print Centers - Provides a wide range of business services—including printing, copying, and Internet access—in addition to FedEx shipping.

  • --- FedEx Kinko's Ship Centers - Provides a central location for FedEx customers to deposit their packages for shipping, also offering a self service photocopy and fax machine, a small selection of office products conducive to packing and shipping, an assortment of boxes, packaging services, and almost all materials necessary for shipping through FedEx. Formerly, these locations were FedEx World Service Centers .

  • .]]

  • FedEx Custom Critical - Delivers urgent, valuable, or hazardous items using a large fleet of trucks and chartered aircraft. Like Ground, drivers are independent contractors. Service in Mexico uses .

  • --- 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.

  • --- Air Expedite - Formerly known as CharterAir. Specializes in same and next day delivery of freight, including Saturday delivery.

  • FedEx Trade Networks - Provides services relating to .

  • FedEx Supply Chain Services - Provides Logistics services including Critical Inventory Logistics, Transportation Management Services, Fulfillment Services, etc. Formerly Roadway Logistics System , then Caliber Logistics . The logo color is platinum, the same as the corporate logo.

  • FedEx Services - Provides Marketing and Information Technology (IT) services for the other FedEx divisions. The logo color is platinum, the same as the corporate logo; headquartered in Memphis, TN.





FEDEX IN THE UK


It was announced on 18th December 2006 that FedEx Express had bought the courier company ANC for £120 milllion.1



ANC will operate as a separate entity until further notice but will accept and deliver FedEx 's shipments. The purchase brought about an extra 29 sort locations for FedEx in the UK .

Fedex will also operate cargo flights to Manchester Airport starting in September 2007 using an MD11 which will operate from Memphis to Manchester then onto Paris CDG and returning direct from CDG to Memphis .

The Stansted operations will still comprise of a direct flight from Memphis to Stansted and back to Memphis . It will also see the introduction of a flight from Indianapolis also using an MD11.


MOTORSPORTS

  • From 1997 until 2002, FedEx was the title sponsor of Champ Car World Series when 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. Ironically, The Nashville Network's Rick Benjamin used the "Champ Car" term a year before CART made it official in 1997.

  • FedEx became the sponsor of the #11 NASCAR Nextel Cup chevy owned by Joe Gibbs Racing in 2005. While the team struggled with driver Jason Leffler through much of the season, the late addition of driver Denny Hamlin and crew chief Mike Ford led to success, with a few top-10 finishes in his seven starts in the car late in the season. (A driver can run up to seven races without losing rookie eligibility.) Hamlin became the permanent driver for his rookie year in 2006. This decision scored success as Denny Hamlin won the Bud Shootout and the Pocono 500 in the 2006 Season . He was later selected as the winner of the 2006 Rookie Of The Year Award . FedEx uses four different (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.

  • FedEx sponsors the Formula 1 Team McLaren . The two cars on the team are driven by Fernando Alonso of Spain and Lewis Hamilton of Britain . Prior to that FedEx has sponsored Ferrari, Benetton (now Renault) and Williams F1.



FEDEX IN POPULAR CULTURE


In the 2000 film, Castaway Tom Hanks plays Chuck Noland, a FedEx executive, who's FedEx plane is brought down in a storm resulting in him being washed ashore on a deserted island.


SEE ALSO



REFERENCES






EXTERNAL LINKS


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