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Federal Express

Federal Express (FedEx) is a company that offers overnight courier and logistics services. The company was founded in 1971 by former US 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. FedEx 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.

Loading a Federal Express A300-600 aircraft.

In 1989 the company acquired Flying Tigers, an international cargo airline. In January 1998 Federal Express acquired Caliber System, Inc, bringing in a number of units. It acquired Viking Freight and American Freightways.

It is now organized into a number of operating units:

Advertising: Major competitors include DHL, UPS, and USPS.

Other facts of interest

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