Who owns federal express

Postal Service, providing customers in the e-commerce and catalog segments with a proven, cost-effective solution for low-weight, less time-sensitive residential shipments. With 95 percent of world consumers living outside U. In February , FedEx acquired TowerGroup International, a leader in international logistics and trade information technology. One key to that has been the acquisition of numerous transportation companies that allow us to directly serve specific markets and provide better service to our customers.

As e-commerce expands and the world becomes more connected, businesses need new ways to navigate the ever-changing complexities of the marketplace.

To make it easier for customers to tap our deep industry expertise in specialty logistics, supply chain and e-commerce, FedEx brought together several of our companies and capabilities to form a new operating company. FedEx Logistics is a provider of comprehensive supply chain solutions, specialty transportation, cross border e-commerce technology services, customs brokerage, and trade management tools and data. As the world we live in continues to change, so does FedEx. With that in mind, you can be sure the spirit of FedEx innovation is hard at work delivering a brighter, better future for the world.

Go to the FedEx Corporate Brochure to see how FedEx comes together to connect the world — serving our customers, our communities and our team members.

Smith wrote a term paper about the passenger route systems used by most airfreight shippers, which he viewed as economically inadequate. Smith explained the need for shippers to have a system designed specifically for airfreight that could accommodate time-sensitive shipments such as medicine, computer parts, and electronics.

A few years later, his term paper came to life when the company he started, Federal Express, incorporated in June It officially began operations on April 17, , with the launch of 14 small aircraft from Memphis International Airport.

On that night, they delivered packages to 25 U. Another factor was the Memphis weather, which rarely caused closures at Memphis International Airport. The airport was also willing to make the necessary improvements for the operation and had additional hangar space readily available. In the mids, Federal Express took a leading role in lobbying for air cargo deregulation. In a hour period, the fleet travels nearly , miles, while its carriers log 2.

The company matured during the first half of the s as its growth rate compounded at an annual clip of around 40 percent. The following year, Federal Express began its first regularly scheduled flight to Europe.

In , the company initiated direct-scheduled cargo service to Japan and acquired Tiger International Inc. A acquisition from Evergreen International Airlines provided authority to serve China — and made the growing company the sole U.

The second evolution came in when the company was renamed FedEx Express to reflect its position in the overall FedEx Corp. This also signified the expanding breadth of the service offerings specific to FedEx Express, as well as further positioning FedEx as an express carrier. FedEx Express has continued to evolve and expand over the course of the first decades of the 21st century. In , it introduced fuel-efficient Boeing freighters to its fleet and began using them on a new cargo service route between Memphis and Washington, D.

It took a similar step in when it added Boeing F planes to its fleet. The s are 30 percent more fuel efficient and have 20 percent lower unit operating costs than the aircraft they replaced.

In a similar vein, the company launched more than 30 initiatives to improve fuel efficiency and cut fuel emissions, including improvements to in-flight planning and boosting aircraft operation efficiencies.

TNT expands the FedEx portfolio by adding more than 50, team members and over 30, vehicles. Go to the FedEx Corporate Brochure to see how FedEx Express and other FedEx operating companies come together to connect the world — serving our customers, our communities and our team members. FedEx Services began operations in June to provide information technology, sales, and marketing support for FedEx Corp.

Customers can also actively track and manage deliveries en route to or from their home, without a tracking number or even a FedEx account.

Today more than 16, FedEx Services team members coordinate sales, marketing, communications, information technology, and customer service support for the global FedEx brand. Go to the FedEx Corporate Brochure to see how FedEx Services and other FedEx operating companies come together to connect the world — serving our customers, our communities and our team members. On March 11, , a startup company called Roadway Package System RPS put a label with 33 precisely spaced black lines on the outside of a package.

By doing so, it changed the direction of the small-package industry. The black lines were a bar code. By , it offered percent coverage of North America. Postal Service. And the company continues to invest in new facilities and emerging technologies. Go to the FedEx Corporate Brochure to see how FedEx Ground and other FedEx operating companies come together to connect the world — serving our customers, our communities and our team members.

In , Viking became a subsidiary of Caliber System Inc. Over the next 10 years, Viking solidified its position as the market leader in the West and periodically expanded beyond its regional territory. In January , Federal Express Corp. In , AF became a publicly held corporation, and by , it had developed a wide network of service centers that provided direct coverage to 40 contiguous U.

AF was acquired by FedEx Corp. In , FedEx Corp. In , FedEx Freight introduced FedEx Freight Direct, a service to meet the needs of the growing e-commerce market for delivery of heavy, bulky products to or through the door for residences and businesses.

Virgin Islands. By making investments in technology, FedEx Freight is the first and only nationwide LTL carrier to offer handling-unit and pallet-level tracking and visibility for multi-piece and multi-pallet shipments, as well as domestic shipping without a paper Bill of Lading.

Go to the FedEx Corporate Brochure to see how FedEx Freight and other FedEx operating companies come together to connect the world — serving our customers, our communities and our team members. The facility measured only square feet and featured a single copier, an offset press, film processing equipment, and a small selection of stationery and school supplies. Four years after that, It applied minimal use of technology.

Its stores were also uniform in size, and its product offerings were limited. In response, the company expanded its services and markets. More than separate S-corporations were rolled into a single C-corporation. The company installed centralized budgeting and financial planning systems, procurement, real estate, and information services. The company realized it could not serve the needs of these customers or make a meaningful connection using a one-size-fits-all approach.

In June , the name was changed to FedEx Office to better reflect its service and product offerings. Go to the FedEx Corporate Brochure to see how FedEx Office and other FedEx operating companies come together to connect the world — serving our customers, our communities and our team members. FedEx Logistics traces its origins to , when a customs broker named C. Following its purchase by McGraw-Hill Inc.

Three years later, TowerGroup began a series of acquisitions that increased its presence across the U. In , the company kicked off an aggressive expansion, opening offices around the globe. FedEx Trade Networks was the first company to provide a duty and tax application on its website. In , FedEx acquired Bongo International, a leader in cross border enablement technologies and solutions that help retailers and e-tailers reach international e-commerce consumers.

Rebranded as FedEx Cross Border, its capabilities include duty and tax calculations, export compliance management, HS classification, currency conversions, shopping cart management, and protection against credit card fraud.

In , FedEx announced the realignment of its specialty logistics and e-commerce solutions in a new structure under FedEx Trade Networks, creating an organization focused on serving the unique needs of this important growth driver.

Renamed FedEx Logistics in , the company provides a full suite of supply chain solutions, specialty transportation, customs brokerage, and trade management tools and data. Federal Express bought seven Boeing aircraft shortly after deregulation, followed by the purchase of Boeing aircraft.

The company had 31, regular customers, including IBM and the U. Air Force, which used Federal Express to ship spare parts. Federal Express became a public company in , which raised capital for further expansion. As the s began, companies started to increase their use of overnight delivery services, moving away from the United States Postal Service. This service made Federal Express the company with the largest sales of any U.

In FedEx made its first acquisition, Gelco Express, a Minneapolis-based package courier that served 84 countries. In the company looked to develop an international presence and expand its services to Europe by opening a European hub at the Brussels airport. By , Federal Express was providing service to about 90 countries and had landing rights in five airports outside the United States, at Montreal, Toronto, Brussels, and London, with limited rights in Tokyo. The s found Federal Express with competition in the U.

International operations were costly for Federal Express, with falling profits on increasing sales due to the cost of developing the overseas markets.

To increase capacity and decrease costs, the company shed its Boeing aircraft for Airbus A aircraft. FedEx now has a fleet of more than aircraft, including Boeing , F, and Freighters. FedEx replaced all its Boeing aircraft in with Boeing planes, which are 47 percent more fuel-efficient than the aircraft.

This is despite Boeing ending production for the back in FedEx was to be the launch airline for the Airbus A Freighter, but canceled its orders after two years of delays. Updated by Gary Marion. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance.