|Legal Name:||FedEx Corporation|
|Headquarters Regions:||Memphis, Tennessee, United States|
|Founded Date:||18 June 1971, Little Rock, Arkansas, United States|
|Founders:||Frederick W. Smith|
|Number of Employees:||400000+|
|Area served:||United States of America And World|
|Products of Company:||Delivery services|
|Net Worth in 2023:||$60 Billion|
FedEx is a multinational courier that deals with delivery services and it has its headquarters in Memphis Tennessee. Its name, ‘FedEx,’ has been obtained from the original air division name, Federal Express, which got to be used from the year 1973 to the year 2000.
This company has been known for the overnight shipping service as well as the pioneering a system that was able to track and also provide real-time updates on the package location to help lost packages. This has been a feature that has been implemented by many shipping companies.
Perhaps you know a thing or two about FedEx, however, how well do you know about this Company? For instance, how old is this company? How about their origin, investments, earnings? In another case, FedEx might be a stranger, fortunately for you, we have compiled all you need to know about FedEx’s wiki, today’s net worth as of 2023, inception, evolution, achievements and more facts. Well, if your all set, here is what I know.
This company was incorporated in the year 1997 in Delaware. FDX Corporation was created in the year 1998 with the acquisition of Caliber System Inc. by the Federal Express. With the purchase of the Caliber, FedEx began to offer various services apart from express shipping. The Caliber subsidiaries included the RPS, which was a small package ground service. FDX got to be created to oversee the operations of various companies that had been created.
In the year 2000, FDX Corporation would change its name to the FedEx Corporation and later on rebranded all the subsidiary companies. Federal Express became the FedEx Express, RPS would become FedEx Ground, The Robert Express changed to FedEx Custom Critical, and the Caliber Logistics, as well as the Caliber Technology, became FedEx Global Logistics.
There was a new subsidiary that was formed known as FedEx Global Logistics. Corporate Services got to be formed to be able to centralize sales, marketing as well as customer service for all the subsidiaries.
In the year 2000, FedEx was able to acquire Tower Group International, which is an international logistics group. The corporation was also able to acquire WorldTarriff got to be rebranded to form the FedEx Trade Networks. The corporation went on and acquired Kinko’s Inc. in 2004 and was rebranded to FedEx Kinko’s. In this acquisition, the new franchise was only offering FedEx shipping. Over time, the company has made various investments.
According to the Center for Responsive Politics, FedEx has been ranked as the largest contributor in the United States when it comes to campaigns. This company has gone and donated over $21 million since the 1990s, where 45% went to the Democrats while the remaining share went to the Republicans.
FedEx Net Worth in 2023
As of 2023, The net worth of the company stands at $60 billion. The income has been generated from various products that the corporation offers. It includes Post Delivery, Express mail, third-party logistics, and freight forwarding.
Fortune magazine has named this corporation as among the biggest and best companies that one can work for in the year 2013. The magazine cited the company downsizes with voluntary buyouts rather than the involuntary layoffs.