38 Facts About FedEx Express

Federal Express Corporation, branded as FedEx Express, is a major American cargo airline based in Memphis, Tennessee, United States.

Concept for what became Federal FedEx Express came to Fred Smith in the mid-1960s, while an undergraduate student For an economics class, he submitted a paper which argued that in modern technological society time meant money more than ever before and with the advent of miniaturized electronic circuitry, very small components had become extremely valuable.

FedEx Express argued that the consumer society was becoming increasingly hungry for mass-produced electronic items, but the decentralizing effect induced by these very devices gave manufacturers tremendous logistic problems in delivering the items.

Federal FedEx Express began to market itself as "the freight service company with 550-mile-per-hour delivery trucks".

At the time, Federal Express was the most highly financed new company in U S history, in terms of venture capital.

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Federal FedEx Express installed its first drop box in 1975 which allowed customers to drop off packages without going to a company local branch.

In 1980, Federal FedEx Express began service to a further 90 cities in the United States.

Federal FedEx Express continued its rapid expansion in the late 1980s, and opened its hub at Newark Liberty International Airport in 1986 and at Indianapolis International Airport and Oakland International Airport in 1988.

In 1994, Federal Express rebranded itself as "FedEx" for marketing purposes, officially adopting a nickname that had been used for years.

In 1997, FedEx Express opened its hub at Fort Worth Alliance Airport and, in 1999, opened a European hub at Charles de Gaulle Airport in France.

In 1998, FedEx Express merged with Caliber System and reorganized as a holding company, FDX Corporation.

The original "Federal Express" cargo airline changed its name to "FedEx Express" to distinguish its express shipping service from others offered by the FedEx parent company.

In 2001, FedEx Express signed a 7-year sole source contract to transport all Express Mail and Priority Mail for the United States Postal Service.

In 2013, FedEx Express won a new 7-year contract for the services ending in 2020, beating out UPS which launched a competitive bid.

In December 2006, FedEx Express acquired the British courier company ANC Holdings Limited for £120 million.

FedEx Express acquired Flying-Cargo Hungary Kft to expand service in Eastern Europe.

FedEx Corporation announced large network capacity reductions at FedEx Express, including retiring some of its oldest and least efficient aircraft such as the McDonnell Douglas DC-10 and the Airbus A310.

FedEx Express announced layoffs and work hour reductions at some of its hubs.

In December 2008, FedEx Express postponed delivery of the new Boeing 777 Freighter; four were delivered in 2010 as previously agreed, but in 2011, FedEx Express only took delivery of four, rather than the ten originally planned.

FedEx Express had planned to open the new Chinese hub in December 2008, but in November 2008, the company delayed the opening until early 2009, citing the need to fully test the new hub.

FedEx Express announced in December 2008 that it still intended to open the building on time despite the bad economy.

FedEx Express gave no time line as to when the hub would be operating at expected hub levels.

The hub had been delayed many years since FedEx first picked the airport to be its Mid-Atlantic U S hub back in 1998.

FedEx Express had to fight many complaints from nearby homeowners about the anticipated noise generated by its aircraft, because most of its flights take place at night.

FedEx Express will be succeeded as CEO and president by Executive Vice President Raj Subramaniam, who had been with FedEx for more than 27 years and held various executive level positions.

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FedEx Express says it does not want to relocate Asia–Pacific hub to the Philippines, but they are planning to expand operations in Clark, Pampanga.

FedEx Express was scheduled to be the launch airline for the Airbus A380 freighter, having ordered ten for delivery between 2008 and 2011 with options on ten more.

FedEx Express had planned to introduce the first aircraft into service in August 2008 for use on routes between hubs in the United States and Asia.

In December 2008, FedEx Express postponed delivery of some of the 777s: four were to be delivered in 2010 as previously agreed, and four more in 2011, rather than the 10 originally planned.

In January 2009, FedEx Express exercised its options to buy 15 more 777 freighters and acquired options for a further 15.

FedEx Express blamed the low number on a lack of investment from other major companies in hybrid technology.

In July 2009, FedEx Express partnered with Freightliner and Eaton Corporation to convert 92 delivery trucks into hybrids.

In November 2009, FedEx Express purchased 51 gasoline-electric hybrid vehicles from Azure Dynamics, to be put into service in The Bronx, New York City.

FedEx Express has set a goal of getting 30 percent of its jet fuel from petroleum alternatives by 2030.

FedEx Express phased out its last Boeing 727s in 2013 replacing them with Boeing 757s; the airline says the 757s are 47 percent more fuel-efficient.

In 2003 FedEx Express partnered with the Department of Homeland Security and Northrop Grumman to develop and flight test an anti-missile system, the Northrop Grumman Guardian.

FedEx Express supplied an MD-11 and a leased 747 for the flight test phase.

FedEx Express became the first air carrier to deploy the Guardian on a commercial flight in September 2006, when it equipped an MD-10 freighter with the pod.