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FedEx

FedEx
FedEx

Type Founded Headquarters Area served Key people Industry Products Revenue Operating income Net income Total assets Total equity Employees Subsidiaries

Public (NYSE: FDX) 1998 Memphis, TN, USA Worldwide Frederick W. Smith
Chairman, President & CEO

Courier See complete products listing. ▲ US$ 37.953 billion (2008) ▼ US$ 2.075 billion (2008) ▼ US$ 1.125 billion (2008) ▲ US$ 25.633 billion (2008) ▲ US$ 14.526 billion (2008) 252,000 (2008) FedEx Office, FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Supply Chain, FedEx Trade Networks, FedEx Services FedEx.com

Website

FedEx Corporation (NYSE: FDX), originally known as FDX Corporation, is a logistics services company, based in the United States. The name "FedEx" is a syllabic abbreviation of the name of the company’s original air division, Federal Express, which was used until 2000.

History
FedEx Corporation was founded as FDX Corporation in January 1998 with the acquisition of Caliber System Inc. by Federal Express. With the purchase of Caliber, FedEx started offering other services besides express

shipping. Caliber subsidiaries included RPS, a small-package ground service; Roberts Express, an expedited, shipping provider; Viking Freight, a regional, less-than-truckload freight carrier serving the Western United States.; Caribbean Transportation Services, a provider of airfreight forwarding between the United States and the Caribbean, Caliber Logistics and Caliber Technology, providers of logistics and technology solutions. FDX Corporation was founded to oversee all of the operations of those companies and its original air division, Federal Express.[1] In January 2000, FDX Corporation changed its name to FedEx Corporation and rebranded all of its subsidiaries. Federal Express became FedEx Express, RPS became FedEx Ground, Roberts Express became FedEx Custom Critical, and Caliber Logistics and Caliber Technology were combined to make up FedEx Global Logistics. A new subsidiary called, FedEx Corporate Services was formed to centralize the sales, marketing, customer service for all of the subsidiaries. In February 2000, FedEx acquired Tower Group International, an international logistics company. FedEx also acquired WorldTariff, a customs duty and tax information company, TowerGroup and WorldTariff were rebranded to form FedEx Trade Networks.[2] FedEx Corp. acquired privately held Kinko’s Inc. in February 2004 and rebranded it FedEx Kinko’s. The acquisition was made to expand FedEx retail access to the general public. After the acquisition, all FedEx Kinko’s locations exclusively offered only FedEx shipping.[3] In June 2008, FedEx announced that they would be dropping the Kinko’s name from their ship centers, with FedEx Kinko’s changing to FedEx Office.[4][5] In September 2004, FedEx acquired Parcel Direct, a parcel consolidator, and rebranded it FedEx SmartPost.[6] In December 2007, the Internal Revenue Service of the United States ’tentatively decided’ that FedEx Ground Division might be facing a tax liability of $319 million for 2002, due to misclassification of its operatives as independent contractors. Reversing a 1994 decision which allowed FedEx to classify its

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From Wikipedia, the free encyclopedia
operatives that own their own vehicles, the IRS is auditing the years 2003 to 2006, with a view to assessing whether similar misclassification of operatives has taken place. FedEx denies that any irregularities in classification have taken place, but is facing legal action from operatives claiming benefits that would have accrued had they been classified as employees.[7] On October 22, 2008, the Internal Revenue Service withdrew its tentative assessment of tax and penalties for the 2002 calendar year ($319 million plus interest) against FedEx Ground Package System, Inc. (“FedEx Ground”) relating to the classification of FedEx Ground’s owner-operators for federal employment tax purposes.

FedEx
wide bodied civil aircraft; it also carries more freight than any other airline.[8] • (Green "Ex"): Guaranteed day-definite delivery within the United States and Canada at a cost savings as compared to time-definite FedEx Express. Uses a large fleet of trucks which are owned by the independent owner/operators and drivers are independent contractors who control individual delivery routes and territories. Formerly Roadway Package System (RPS).
[9]

Operating units and logos
FedEx is organized into operating units, each of which has its own version of the wordmark, designed by Lindon Leader of Landor Associates, in 1994. The Fed is always purple and the Ex is in a different color for each division and grey for the overall corporation use. The original "FedEx" logo had the Ex in orange; it is now used as the FedEx Express wordmark. The FedEx wordmark is notable for containing a hidden right-pointing arrow in the negative space between the "E" and the "X".

• : A division of FedEx Ground, specializing in residential delivery Tuesday through Saturday and offers delivery options to provide more flexibility for residential recipients. The logo includes a drawing of a dog carrying a package known as spot.com. FedEx Home Delivery only operates in the United States. To make up the difference, FedEx Ground in Canada performs the business deliveries and residential deliveries.[10] • : Consolidates parcels from merchants such as e-commerce and catalog companies and uses the United States Postal Service for the final delivery. Formerly the independent company Parcel Direct until FedEx acquired them for $120M in 2004.[11]

FedEx Ground delivery truck • (Red "Ex"): Less than truckload (LTL) and other freight services. FedEx is one of the largest LTL carriers in the United States, behind YRC Worldwide, and Con-way. • : Formerly American Freightways. • : Formerly Viking Freight. • : Formerly Watkins Motor Lines. • : Formerly Watkins Canada Express. • : Up until 2003, a part of FedEx Trade Networks. Provides airfreight forwarding services between the U.S. mainland, Puerto Rico, the Dominican Republic, and other Caribbean islands.

FedEx Airbus A310-200 • (Orange "Ex"): The original overnight courier services, providing next day air service within the United States and timedefinite international service. FedEx Express operates the largest civil aircraft fleet in the world and the largest fleet of

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From Wikipedia, the free encyclopedia
• (Blue "Ex"): Delivers urgent, valuable, or hazardous items using trucks and chartered aircraft. Freight not accepted for transport includes perishable food, alcohol, livestock, household goods, hazardous waste and money.[12] Drivers are independent contractors. Service in Mexico uses interline carriers. Formerly Roberts Cartage or Roberts Express. • : Transports cars, especially those of high value. • : Handles high-value or sensitive freight which may require special handling, extra security, or temperature controlled transport. For example, bacteria cultures, temperature sensitive medications, and certain food items[13] can be transported at the temperature intended by the shipper. • : Formerly known as CharterAir. Specializes in same and next day delivery of freight, including Saturday delivery. Capable of chartering exclusive-use aircraft from Cessna Caravans up to Antonov An-124s for both domestic and international shipments. Also provides airfreight options for freight normally considered too large and/or heavy to be shipped via normal Express Freight service. • (Yellow "Ex"): Provides services relating to customs, insurance, and transportation advice. Formerly C.J. Tower & Sons, then Tower Group International. • (Grey "Ex"): Provides logistics services including Critical Inventory Logistics, Transportation Management Services, Fulfillment Services, etc. Formerly Roadway Logistics System, then Caliber Logistics. • (Grey "Ex"): Provides marketing and information technology (IT) services for the other FedEx divisions. • : Offering a customer service toll-free telephone line for customer questions. It is operated by an automated operator then will prompt the user to a live agent for uses of tracking, claims, scheduling pickups (Express, Ground, Same Day, Custom Critical, Freight Express, and Freight LTL), compliments and complaints, locations (both staffed counter locations and drop-boxes), ordering supplies, setting up FedEx accounts, billing etc.

FedEx

FedEx Kinko’s • (formerly FedEx Kinko’s) (Blue "Ex"): The retail arm of the corporation, offers copying and digital printing, professional finishing, document creation, Internet access, computer rentals, videoconferencing, signs and graphics, notary, direct mail, Web-based printing, and FedEx shipping. Formerly an independent company, known as Kinko’s until it was acquired by FedEx in 2004 and rebranded to FedEx Kinko’s. In June 2008 the company was finally rebranded as FedEx Office.[14] • : Provides services such as copying, printing, Internet access and FedEx shipping. • : Provides a central location for FedEx customers to deposit their packages for shipping, also offering a self service photocopy and fax machine, office products for packing and shipping, boxes and packaging services. Formerly, these locations were called FedEx World Service Centers.

Political donations
According to the Center for Responsive Politics, FedEx Corp is the 21st largest campaign contributor in the United States. They have donated over $21,124,184 since 1990, 45% of which went to Democrats and 55% to Republicans. Strong ties to the White House and members of Congress allow access to international trade and tax cut debates as well as the rules of the business practices of the United States Postal Service. In 2001, FedEx sealed a $9 billion deal with the USPS to transport all of the post office’s overnight and express deliveries.[15]

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From Wikipedia, the free encyclopedia
In 2005, FedEx was among 53 entities that contributed the maximum of $250,000 to sponsor the second inauguration of President George W. Bush.[16] [17] [18]

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

Advertising
Some of FedEx’s best-known ad campaigns: • “Absolutely, Positively Overnight” – 1978 – 1983 • “It’s not Just a Package, It’s Your Business” – 1987 – 1988 • “Our Most Important Package is Yours” – 1991 – 1994 • “Absolutely, Positively Anytime” – 1995 • “The Way the World Works,” 1996 – 1998 • “Be Absolutely Sure,” 1998 – 2000 • “This is a Job for FedEx,” 2001 – 2002 • “Don’t worry, there’s a FedEx for that,” 2002 – 2003 • “Relax, it’s FedEx,” 2004 – 2008 • "We Understand," 2009-present

Golf
• Beginning in 2007, FedEx became the title sponsor of the FedEx Cup, a championship trophy for the PGA Tour. Venues • FedEx sponsors FedExForum, home of the NBA’s Memphis Grizzlies and the University of Memphis men’s basketball team. • FedExField, an American football stadium in the Maryland suburbs of Washington, D.C.
[22]

References to Movies and Television
• Steve Irwin’s 2000 commercial about being bitten by a snake, but dying because FedEx did not send the antivenin. A parody of the The Ten Deadliest Snakes in the World. [19] • a 2003 spoof on Tom Hanks in Cast Away, delivering a package that could have brought him rescue from the island, including a satellite phone, fishing rod, water purifier, GPS unit, and some seeds.[20] [21]

See also
• • • • • • • • • • • Freight company Freight management - Digital tracking ARAMEX (competitor) BAX Global (competitor) Courier DHL (competitor) Package delivery Purolator Courier (competitor) TNT (competitor) UPS (competitor) USPS (competitor and customer)

References
[1] http://about.fedex.designcdt.com/ our_company/company_information/ fedex_history [2] http://about.fedex.designcdt.com/ our_company/company_information/ fedex_history [3] http://about.fedex.designcdt.com/ our_company/company_information/ fedex_history [4] " The Marketing Doctor Says: FedEx Does It Again!" Marketing Doctor Blog. June 3, 2008. [5] "FedEx Ditches Kinko’s" Business Week. June 3, 2008. [6] http://about.fedex.designcdt.com/ our_company/company_information/ fedex_history

Motorsports
• From 1997 to 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. • FedEx became the sponsor of the #11 NASCAR Sprint Cup Toyota owned by Joe Gibbs Racing in 2005. FedEx uses four (predominantly black) paint schemes to showcase its different products (Express, Freight, Ground, and Office), and in 2005 also ran a special scheme to promote a charity event at the FedEx St. Jude Classic golf tournament. The car is driven by Denny Hamlin.

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From Wikipedia, the free encyclopedia
[7] Ron Da Parma (2007-12-27 accessdate=2008-01-03), "IRS says FedEx may owe $319 million" (html), Pittsburgh Tribune-Review, http://www.pittsburghlive.com/x/ pittsburghtrib/business/s_544387.html. [8] "WATS Scheduled Freight Tonne Kilometres", International Air Transport Association, 2006, http://www.iata.org/ ps/publications/wats-freight-km.htm. [9] FedEx Ground | About FedEx [10] fedex service info - u.s. - home delivery [11] FedEx SmartPost | About FedEx [12] ""Fedex Custom Critical FAQ"", 2007-09-12, http://www.fedex.com/us/ customersupport/customcritical/faq/ services.html. [13] Freight Transport - Track Shipments Custom Critical(60) [14] FedEx Office | About FedEx [15] Donor Profiles [16] Drinkard, Jim (2005-01-17), "Donors get good seats, great access this week", USA Today, http://www.usatoday.com/news/ washington/2005-01-16-inaugurationdonors_x.htm, retrieved on 2008-05-25. [17] "Financing the inauguration", USA Today, http://www.usatoday.com/news/ washington/2005-01-16-inauguraldonors_x.htm, retrieved on 2008-05-25. [18] "Some question inaugural’s multi-million price tag", USA Today, 2005-01-14, http://www.usatoday.com/news/

FedEx
washington/2005-01-14-price_x.htm, retrieved on 2008-05-25. [19] http://theinspirationroom.com/daily/ 2006/fedex-fierce-snake-with-steve-irwin/ [20] http://www.openwave.com/us/ news_room/press_releases/2003/ 20030127_adbowl_0127.htm [21] http://www.break.com/usercontent/2007/ 2/Fed-Ex-Cast-AwayCommercial-230172.html [22] http://about.fedex.designcdt.com/ our_company/marketing_and_advertising • Foust, Dean, Fredrick Smith: No Overnight Success, http://www.businessweek.com/magazine/ content/04_38/b3900031_mz072.htm, retrieved on 2007-10-30 • Bartiromo, Maria, The Inspiration Behind Federal Express: A Central Hub, http://www.rd.com/columnists/mariabartiromo/the-inspiration-behind-federalexpress/article28892-1.html, retrieved on 2007-10-30 • Cato Institute, Does Fred Smith and FedEx Have Ed Crane and The Cato Institute In Their Back Pockets?, http://www.boycottfedex.com/cato.html, retrieved on 2007-10-30

External links
Corporate Homepages • FedEx - Index of national homepages • Official FedEx Blog

Retrieved from "http://en.wikipedia.org/wiki/FedEx" Categories: Companies listed on the New York Stock Exchange, Companies established in 1971, FedEx, Companies based in Memphis, Tennessee, Companies based in Little Rock, Arkansas, Electric vehicle corporation user, Multinational companies, Transport and distribution companies, Transportation companies of the United States, Express mail, Publicly traded companies This page was last modified on 17 May 2009, at 11:27 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers

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