Federal Express

Federal Express: Around the World

Federal express, commonly called FedEx, is a courier company that offers courier, ground, LTL, heavy freight, document copying and logistics services.

History

The company was founded in the year 1972 in Arkansas, but in 1973 moved to Tennessee. The name was selected as a technique to target the national market, and to attract government contracts. FedEx officially started its operations in April 1973. FedEx’s cargo airlines expanded greatly after they pushed through the deregulation of cargo airlines. By using the hub-spoke distribution model in airfreight, FedEx became a world leader in its field. The Memphis hub is used to operate most of the freight hubs. The other hubs in United States are at the following locations:

1. Indianapolis
2. Newark
3. Oakland
4. Anchorage
5. Fort Worth
6. Greensboro
7. Toronto Pearson International Airport

In 1989, FedEx acquired the historical “Flying Tiger Line” with the intention of expanding internationally. FedEx inherited their US military transport contract, valid until 1992. In 1998, the company acquired Caliber System Inc. and became FDX Corp.

UK FedEx

In 2006, FedEx purchased the ANC Company for 120 million pounds. The organization is divided into operating units, each with its own version of the word FedEx. Given below are some of the divisions of the company:

1. FedEx Express - the original courier services.
2. FedEx Ground - day delivery at a cost savings instead of time definite FedEx Express.
3. FedEx Home Delivery – a sub-part of FedEx ground that delivers to residences, offering services to most American addresses.
4. FedEx Smart Post - branch that consolidates offers from merchants, such as e-commerce companies
5. FedEx Freight – a service that carries less than truckload and other freight services
6. FedEx Kinko is the retail arm of the corporation
7. FedEx Custom Critical delivers the urgent, valuable or hazardous items using trucks and aircrafts

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