FedEx was founded on May 5, 1971, in Little Rock, Arkansas, by Frederick W. Smith, who first outlined the idea in a Yale University term paper, and began formal operations in 1973 after moving its hub to Memphis, Tennessee. It is now an American multinational holding company specializing in transportation, e-commerce and business services, operating through divisions including FedEx Express, FedEx Ground, FedEx Freight and FedEx Office from about 2,000 locations worldwide, with roughly 452,000 employees and its central air hub at Memphis International Airport. For fiscal 2025 FedEx reported revenue of $87.9 billion and operating income of $5.22 billion, trading on the New York Stock Exchange as FDX and ranking as a component of the S&P 500. Its primary competitor in the United States and most international markets is United Parcel Service.
Facts
Founded Year SignificanceFedEx is an American multinational conglomerate holding company specializing in package delivery, whose divisions include FedEx Express, FedEx Ground, FedEx Office, FedEx Supply Chain, and FedEx Freight. 1 Headquarters Connections
Exemplifies
FedEx's Memphis SuperHub is the standard real-world air-cargo hub-and-spoke instance
In the Other Atlases
Sources
1. Wikipedia: FedEx
WikipediaWikipedia FedEx article, History, Foundation and early history section
In 1971, the company was founded in Little Rock, Arkansas, as Federal Express Corporation by Frederick W.
Wikipedia FedEx article, lead paragraph, first sentence
FedEx Corporation, headquartered in Memphis, Tennessee, is an American multinational conglomerate holding company specializing in package delivery.
Wikipedia FedEx article, lead paragraph, second sentence
Its services include FedEx Express, FedEx Ground, FedEx Office, FedEx Supply Chain, and FedEx Freight.
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