Founded in 1971, FedEx is a global transportation and logistics company based in Memphis, Tennessee. Its primary business focuses on the delivery of packages and freight to over 220 countries worldwide. The company was founded by Frederick W. Smith with an initial investment of $4 million. It has since grown into one of the world’s largest package delivery companies, employing more than 500,000 people and providing its services to millions of customers around the globe.
FedEx began operations on April 17th 1971 when it launched a two-plane fleet from Little Rock Arkansas to five cities across the United States — Dallas/Fort Worth; Los Angeles; Chicago; Memphis (where its headquarters are located); and St Louis — using Cessna 310 twin-engine aircrafts for domestic routes and Boeing 727 tri-jet airplanes for international flights. Over time, as demand grew for faster deliveries, FedEx expanded its fleet by purchasing larger planes such as DC10s and 747s to accommodate increased cargo loads and longer routes.
In 1973, just two years after its inception, FedEx became one of the first major companies in America to offer overnight package delivery service within 24 hours or less between most major U.S cities—a service which revolutionized how businesses sent documents back then (and now). In 1978 they introduced their signature “Express Mail” service that allowed customers to ship packages overnight directly from their own homes or offices directly—again revolutionizing how businesses were able to send mail expeditiously yet cost effectively at a fraction of what it would have taken before FedEx came about .
FedEx continued expanding throughout the 1980’s with acquisitions such as Caliber System Inc., several air charter companies including Tower Air , American Freightways Corporation , Viking Freight among others thereby solidifying their position as leaders in global logistics solutions while simultaneously serving both domestic markets as well international ones following deregulation within US aviation industry in late 1970’s .
By 1990’s Fedex had established itself firmly onto competitive landscape thanks largely due increasing globalization within corporate sector coupled with advancements technology which enabled better tracking & communication systems allowing them provide more efficient services customers all around world . During this period Company gradually transitioned towards offering integrated logistic solution ranging from letter mailings & parcel shipments through customs clearance & door–to–door delivery thus making them leading provider such services globally .
Today Fedex operates under 5 different divisions namely Express ; Ground ; Freight ; Supply Chain Solutions ; Trade Networks each catering specific need customers These divisions sustained profitability despite economic downturn during 2008 recessionary period largely due widespread investments made into IT infrastructure digital technologies along various other initiatives aimed improving customer experience Next few years onward should see company continuing upwards trajectory as popularity ecommerce platforms continues rise driven primarily rising middle class population demographics across Asia Pacific region recent expansion India being prime example this Finally 2017 saw rebranding exercise undertaken change name formerly known Federal Express Corp changed current moniker consistent branding efforts embarked upon past couple decades All things considered still impressive feat accomplished 45 year span time amounting 15 billion dollar corporation uniquely positioned serve every corner earth
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