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Employees. 278,000+ (2022) FedEx Express is a major American cargo airline based in Memphis, Tennessee, United States. As of 2023, it is the world's largest cargo airline in terms of fleet size and freight tons flown. [ 2]
Frederick W. Smith. Frederick Wallace Smith (born August 11, 1944) is an American business magnate and investor. He is the founder and chairman of FedEx Corporation, the world's largest transportation company. On June 1, 2022, Smith stepped down as CEO to become executive chairman, and was replaced by Raj Subramaniam. [ 1]
FedEx Ground is the division's core package delivery service which delivers daily to all 50 US states with delivery timeframes of 1-5 days for the Contiguous United States and 3-7 days for Alaska and Hawaii. Its FedEx International Ground service ships packages between the United States and Canada and within Canada.
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Shipping rates for FedEx Express, FedEx Ground, FedEx Home Delivery and FedEx Freight will all increase in 2023.
FedEx Supply Chain, [ 3][ 4] formerly known as GENCO (General Commodities Warehouse & Distribution Co.) is a major third-party logistics (3PL) provider in the United States and Canada. [ 5] It serves various industries, including: technology & electronics, retail & e-commerce, consumer & industrial goods, and healthcare industries.
FedEx announced disappointing results in its first-quarter earnings Thursday, especially in its FedEx Express segment. FedEx earnings: Company unveils plan to cut more than $2 billion in costs ...
For the full fiscal year, FedEx managed to lower capital spending by 16% YoY to $5.2 billion, which is also better than its own forecast of $5.7 billion as it honors its commitment to cut $4 ...
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