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April 23, 2024


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About the Company

FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based 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. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office (originally known as Kinko's), FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. The company is the fifth largest American-headquartered employer globally with 547,000 employees, and FedEx is also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract. FedEx's prominence in both the United States and the world has made it a common topic in popular culture, with examples including the film Cast Away as well as some of its marketing slogans (most famously "when it absolutely positively has to be there overnight"). In addition, FedEx had purchased the naming rights to FedExField of the NFL's Washington Commanders from 1999 to 2024 and FedExForum of the NBA's Memphis Grizzlies. FedEx's air shipping services have made its "Superhub" at Memphis International Airport the busiest cargo airport in the world by 2020.

Sector

Energy & Transportation

Industry

Air Courier Services

Employees

93057

Exchange

NYSE

$17B

Total Revenue

93K

Employees

$69B

Market Capitalization

16.75

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $FDX News

Understanding the Recent Fluctuations of Fedex Corp’s (FDX) Stock

13h ago, source: newsheater

FDX stock has gone up by 0.96%, with a monthly decline of -6.01% and a quarterly surge of 6.35%. The volatility ratio for the week is 1.61%, and the volatility levels for the last 30 days are 1.76% ...

‘Adapt or we die.’ UTSA awaits its own FedEx fortune

1d ago, source:

The UTSA Roadrunners need money, more than ever before, to compete in this new collegiate sports environment. But unlike in ...

FedEx: Cost Cuts Paying Off, Big EPS Growth Expected

1d ago, source:

FedEx is focused on reducing its costs and has impressive EPS growth forecasts from the sell-side. Read why I see FDX stock ...

FedEx Shutters 4 Ship Centers, Cutting 220 Courier Jobs

16h ago, source: Sourcing Journal on MSN

The closures and layoffs come as the package delivery giant aims to cut $4 billion in expenses by 2025, and $2 billion more by 2027.

FedEx to fund $25 million for Memphis NIL in what's believed to be largest corporate partnership with athletes

5d ago, source:

FedEx has announced a massive $25 million name, image and likeness investment in Memphis athletics that will fund $5 million ...

PAC Profile: FedEx Corp

1d ago, source: OpenSecrets.org

*Based on data released by the Federal Election Commission on April 23, 2024 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from ...

fedex corp.

1d ago, source: Fox Business

Amazon and FedEx reportedly weighed teaming up on returns last year. FedEx previously had a business relationship with Amazon. The contract expired in 2019. FedEx founder Fred Smith tells FOX News ...

Shipping Packages Via FedEx Will Directly Impact Memphis Athletics After Massive NIL Pledge

5d ago, source:

If you are not a fan of University of Memphis, you might want to consider shipping packages with a company other than FedEx.

FedEx Commits $25 Million to Memphis NIL in Corporate First

5d ago, source:

In a corporate first for FedEx, the company says it will spend $25 million over the next five years on University of Memphis ...

FedEx closing four SWFL facilities, laying off over 200

6d ago, source: Business Observer

The delivery giant told the state that it is shutting down shipping centers in Naples, Fort Myers and Punta Gorda.

FedEx launches $25M NIL program benefiting University of Memphis student-athletes

5d ago, source:

FedEx is investing $25M over five years to benefit University of Memphis student-athletes, expanding the company's sports ...

FedEx survey shows Asean as top growth market in APAC region

2d ago, source: The Manila Times on MSN

FEDEX Express (FedEx), a subsidiary of FedEx Corp. and one of the world's largest express transportation companies, has ...

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