FedEx Corporation (FDX) – Introduction and background |
FedEx Corporation is an American multinational delivery services company headquartered in Tennessee..
Founded in 1971, as the Federal Express Corporation, FedEx is one of the world’s largest transportation and logistics companies – it was pushed from the top spot in 2022 by long-standing rivals UPS. The company operates through multiple business segments, including FedEx Express (air and international delivery), FedEx Ground (North American small-package delivery), FedEx Freight (less-than-truckload freight), and FedEx Services (sales, marketing, and IT support).
FedEx serves customers in over 220 countries and territories, providing transportation, e-commerce, and business services. The company is known for its overnight shipping service and has played a significant role in the growth of global trade and e-commerce. FedEx operates a large air freight fleet headquartered in Memphis, Tennessee.
FedEx Corporation is listed on the New York Stock Exchange, trading under the ticker FDX. It is a component of the S&P100 and S&P500 indices. The largest shareholders are major institutional investors including Vanguard, while founder Fred Smith retains a 6% stake.
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