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FedEx

Leading delivery firm for overnight shipments.

Headquarters:
942 South Shady Grove Rd.
Memphis, TN 38120
Employees: 211,000
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 671 airplanes at more than 375 airports worldwide and has more than 75,000 vehicles in service.

The company also owns FedEx Kinko's, which specialize in office and printing services. There are 1,874 FedEx Kinko's Office and Print Centers.

In fiscal 2007, the company reported revenue of $35.2 billion, up 9% from the previous year. Net income was $2.01 billion.

The company was named one of the 100 Best Companies to Work For by Fortune magazine.

Due to the high cost of fuel, FedEx has implemented a 6.25% surcharge for ground deliveries and 20% for express deliveries.

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 April 9, 2008