38 Facts About FedEx

FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee.

The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000.

FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service.

FedEx is one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract.

FedEx's air shipping services have made its main hub at Memphis International Airport the busiest cargo airport in the world by 2020.

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FedEx drew up the company's concept in a term paper at Yale, in which he called for a system specifically designed for urgent deliveries.

FedEx began formal operations in 1973, when he moved operations to Memphis.

In February 2000, FedEx acquired Tower Group International, an international logistics company.

FedEx acquired WorldTariff, a customs duty and tax information company; TowerGroup and WorldTariff were re-branded to form FedEx Trade Networks.

In September 2004, FedEx acquired Parcel Direct, a parcel consolidator, and re-branded it FedEx SmartPost.

In February 2016, FedEx announced the launch of FedEx Cares, a global giving platform, and committed to invest $200 million to strengthen more than 200 communities by 2020.

In March 2018, FedEx announced the acquisition of P2P Mailing Limited, a last-mile delivery service, for £92 million to expand their portfolio.

In June 2019, FedEx announced they would not be renewing their $850 million contract with Amazon for the company's U S domestic express delivery business.

FedEx named Raj Subramaniam, FedEx's current president and COO, as Smith's successor.

FedEx Express is the company's original overnight courier services, providing next day air service within the US and time-definite international service.

FedEx Ground provides day-definite mail and package delivery to commercial locations in the US and Canada and residential locations in Canada.

FedEx was formerly Roadway Package System, a division of Caliber System.

FedEx Freight is the largest less-than-truckload freight carrier in the US, reporting in revenue for 2021, and operates LTL and other freight services in the US and Canada.

FedEx bought Lakeland, Florida-based national LTL carrier Watkins Motor Lines in 2006 and renamed it FedEx National LTL.

FedEx Logistics provides supply chain, specialty transportation, cross border e-commerce, customs brokerage, and trade management technology and services.

FedEx Services provides corporate services to other FedEx operating companies.

FedEx Office is the retail arm of the corporation offering print and photocopy services, business services including signage and marketing, and retail sales of FedEx shipping services.

FedEx logo is a wordmark designed in 1994 by Lindon Leader of Landor Associates, of San Francisco.

The FedEx wordmark is notable for containing a subliminal right-pointing arrow in the negative space between the "E" and the "X", which was achieved by designing a proprietary font, based on Univers and Futura, to emphasize the arrow shape.

Leader believed the logo promoted FedEx as "getting from point A to point B reliably with speed and precision".

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However, in August 2016, FedEx announced that all operating units would adopt the purple and orange color logo over the next five years .

FedEx ranked No 50 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

In early March 2021, FedEx announced plans to make its operations carbon-neutral by 2040.

FedEx denied that any irregularities in classification had occurred, but faced legal action from operatives claiming benefits that would have accrued had they been classified as employees.

In June 2009, FedEx began a campaign against UPS and the Teamsters union, accusing its competitor of receiving a bailout in an advertising campaign called "Brown Bailout".

FedEx claimed that signing the Federal Aviation Administration re-authorization bill, which would let some of its workers unionize more easily, was equivalent to giving UPS a "bailout".

Independent observers heavily criticized FedEx's wording, claiming that it was "an abuse of the term".

FedEx Express employees are regulated under the Railway Labor Act.

FedEx was criticized more broadly for providing inadequate protections and sick leave during the pandemic.

FedEx was criticized for its partnership with the National Rifle Association, which it terminated in 2018 under pressure from activists.

The investigation stemmed from allegations by Huawei that FedEx attempted to divert the shipping route of its packages without the company's prior authorization.

In July 2019, China accused FedEx of holding back more than 100 packages that Huawei was trying to deliver to China.

FedEx released a statement early the next morning, saying they were "deeply saddened" by the loss of their team members.