FedEx
Leading delivery firm
for overnight shipments.
Headquarters:
942 South Shady Grove Rd.
Memphis, TN 38120
Employees: 252,000
CEO: Fred Smith
Stock Symbol: FDX
Website:
http://www.fedex.com
Career
Site
FedEx is the world's leading delivery company
for overnight packages. It also delivers packages via ground
and freight deliveries. FedEx also helps companies with their
logistics and supply chain management.
FedEx handles more than 7.5 million shipments daily to over 220 countries. It uses 672 airplanes at 375 airports worldwide and has more than 80,000 vehicles in service.
FedEx Kinko's, which specialize in office and printing services, changed its name in 2008 to FedEx Office. There are over 1,900 FedEx Office and Print Centers.
In fiscal 2008, the company reported revenue of $37.9 billion and net income of $1.125 billion.
FedEx announced a number of cost-cutting measures including suspension of 401(k) company matching contributions for a minimum of one year, effective February 1, 2009, and 5% pay reduction for salaried personnel and more for top executives. Also, the company is eliminating pay raises this year for salaried employees.
The FedEx Freight Unit laid off 900 workers in January.
History
The company was started in 1971 as Federal
Express by Fred Smith, a Yale classmate and fraternity brother
of President George Bush. It officially began operations on April
17, 1973, with the launch of 14 small aircraft from Memphis International
Airport. On that night, Federal Express delivered 186 packages
to 25 U.S. cities from Rochester, NY, to Miami, FL.
Company headquarters were moved to Memphis, TN., a city selected
for its geographical center to the original target market cities
for small packages. In addition, the Memphis weather was excellent
and 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.
It soon became the leader in delivery of
high-priority goods for businesses and air cargo. The term FedEx
became a verb for "sending things overnight" and the
company took on this name in 1994.
Benefits
Benefits at FedEx include:
- Healthcare
- Medical
- Dental
- Vision
- Prescription Drugs
- Wellness Programs
- Life Insurance, Accidental Death & Dismemberment& Survivor
Income Benefit
- Disability / Income Protection
- Business Travel Accident Insurance
- Pension and 401(k) Savings Plan
- Employee Assistance & Referral Programs
- Dependent Care Reimbursement Account
- Credit Association
- Educational Assistance
- Paid Time Off
The company offers contractor positions
for drivers in ground and home delivery business. These are independent
contractor positions with no medical insurance provided.
Updated February 9, 2009
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