FedEx

FedEx Corporation is an American logistics company headquartered in Memphis, Tennessee. Frederick Smith founded it in 1971 as Federal Express and began operations in 1973 with a fleet of small jets. The company has a fleet of aircraft and many thousands of delivery vehicles. It employs a large global workforce and uses sorting hubs in Memphis and Indianapolis to move packages overnight.

The company runs FedEx Express for air shipping, FedEx Ground for parcels and FedEx Freight for heavy cargo. It also offers customs services, supply chain solutions and retail shipping counters. Its Memphis hub sorts packages overnight.

FedEx operates one of the largest cargo airline fleets in the world. It delivers to more than 220 countries and territories. The company announced plans to separate its freight unit into a distinct listed company. Its operations include freight, logistics and e-commerce services for businesses. FedEx bought TNT Express in 2016. UPS and DHL are among its main competitors.