FedEx logistic company

Overview of company

The FedEx strategy to compete collectively, operate collaboratively and innovate digitally provides a
competitive advantage for our company. Our broad portfolio of services allows us tAo meet the needs of
our customers, most of whom use services from two or more of our operating companies.

Revenue

FedEx has grown tremendously since its first night of operations in 1973. Now FedEx serves more than
220 countries and territories and continues to offer new products and services around the globe.
This chart shows fiscal year 2023 revenue by percentage. Total revenue for fiscal year 2023 was $90.2B.
Of that, FedEx Express earned $42.7B, which was 47% of the total. FedEx Ground earned $33.5B,
which was 37% of the total. FedEx Freight earned $9.6B, which was 11% of the total. Other and
eliminations earned $4.0B, which was 4% of the total.

Operating independently.
Working collaboratively.
Each of FedEx independent operating companies has special strengths and capabilities, from delivering
to 220+ countries and territories to providing robust supply chain expertise to creating cutting-edge tech
solutions.
When they come together, they’re a powerhouse that helps businesses connect to each other, their
customers, and the world.

Company review

Headquarters: Memphis, TN FedEx Corporation is the umbrella organization that covers each of their
operating companies.
Federal Express was founded in 1971 in Little Rock, Arkansas by Mr. Smith.
Federal Express: What's in a Name?
Mr. Smith believed that the word "federal" indicated an interest in nationwide economic activity, and
hoped that the name would appeal to the Federal Reserve Bank, a potential customer.
April 17, 1973: Federal Express began operations in Memphis, Tennessee, with 389 team members. That
night, 14 aircraft delivered 186 packages to 25 U.S. cities.

Over the next 30 years, the company developed rapidly and gradually became a leader in the field of
postal, courier and other logistics services around the world.
As of 2022, the company has the following divisions: FedEx Office, FedEx Express, FedEx Ground,
FedEx Freight, FedEx Custom Critical, FedEx Supply Chain, FedEx Trade Networks, FedEx Services.

Interesting Facts

There is a hidden element in the FedEx logo: between the lower part of the large "E" and the small "x",
the empty space forms an arrow. According to the idea of the logo designer Lindon Leader (Lindon
Leader), this arrow should evoke on a subconscious level an association between the company's name
and the high speed of delivery provided by FedEx .
At the beginning of its existence, the company experienced numerous difficulties. Once the company
had to pay fuel expenses in the amount of 24,000 dollars, and in its account at that moment there was
only five thousand. The owner of the company, Frederick Smith, withdrew all the money, went to Las
Vegas and won $27,000 in blackjack .
FedEx (Fedex) is the nickname of the famous Swiss tennis player Roger Federer.