A study of the history of federal express with emphasis on a comparison of the communication, command, control and intelligence capabilities of federal express and american airlines. 1971: federal express corporation is founded 1973: company begins its operations with overnight shipping to 25 cities in the united states 1977: federal deregulation of the airlines leads to growth for company 1978: federal express is first listed on the new york stock exchange 1981: company introduces its overnight letter.
Federal express reaches us$1 billion in revenue – the first us business to achieve this status without merger or acquisition 1985 regularly scheduled flights to europe begin 1989 fedex express establishes direct operations in dubai, united arab emirates federal express purchases flying tigers to expand its international presence.
2016 europe: fedex corporation acquired tnt express, one of the world’s largest express delivery companies, which offers road and air delivery services in europe, the middle east and africa, asia pacific, and the americas. Fedex express launches a new international b777 route between milan, italy and memphis, us, with a stop in munich, germany once a week fedex express announces the launch of senseaware to the uk, a service that provides real time access to a package’s vital statistics when in transit or stationary.
Fedex corporation successstory fedex earlier known as federal express is the world’s largest airline cargo carrier it specializes in delivering parcels of every size and shape. The history of federal express a study of the history of federal express with emphasis on a comparison of the communication, command, control and intelligence capabilities of federal express and american airlines. Fedex corporation is an american multinational courier 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, 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.
Federal express bought seven boeing 727 aircraft shortly after deregulation followed by boeing 737 aircraft the company increased its profit in 1977 with $8 million on sales of $110 million the company had 31,000 regular customers, including such ibm and the us air force, which used federal express to ship spare parts. Federal express adopted the name ‘fedex’ in 1994 it started its operations in memphis international airport, tennessee in 1973 fedex offered courier pack, envelope delivery in both two-day delivery and overnight delivery options. With an eye on the future, federal express built on its express delivery service to create a more diversified corporation of different but related businesses originally called fdx corp, fedex corp was formed in january 1998 when it acquired caliber system inc. Fedex was founded as federal express corporation in 1971, by 28-year-old memphis, tennessee, native frederick w smith smith, a former marine pilot in vietnam, originally outlined his idea for an overnight delivery service in a term paper he wrote for a yale university economics class.
In 2000, the company officially dropped the federal express name and became fedex express to distinguish its express shipping service from others offered by its parent company fedex corporation in 2001, fedex express signed a 7-year sole source contract to transport all express mail and priority mail for the united states postal service prior to 2001 the postal service contracted with multiple airlines on a regional basis for these services. Federal express relocates operations to memphis,tenn on the first night of continuous operation, 389 federal express employees and 14 dassault falcon jets deliver 186 packages overnight to 25 us cities — and the modern air/ground express industry is born. The history of federal express corp has become a parable of sorts some feel that the significance of the company is that it created a $3-billion industry where none existed before, changing the.