[WorldKings – World Almanac Event 2020] 50th anniversary of establishment of delivery services company - FedEx (June 18, 1971 – June 18, 2020)

18-06-2020

(Worldkings.org) FedEx is one of the top contractors of the US government and was founded on June 18, 1971 as Federal Express Corporation by Frederick W. Smith, a graduate of Yale Business School.

FedEx Corporation is an American multinational delivery services company headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express (now FedEx Express), which was used from 1973 until 2000.

The company is known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location, a feature that has now been implemented by most other carrier services. FedEx is also one of the top contractors of the US government.

The company was founded on June 18, 1971 as Federal Express Corporation by Frederick W. Smith, a graduate of Yale Business School.

For the fiscal year 2018, FedEx reported earnings of US$4.572 billion, with an annual revenue of US$65.450 billion, an increase of 8.5% over the previous fiscal cycle. FedEx's shares traded at over $244 per share, and its market capitalization was valued at over US$55.5 billion in October 2018. FedEx ranked No. 50 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

According to en.wikipedia


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