FedEx Corporation - Company Summary

Overview

FedEx Corporation is a global leader in the transportation, e-commerce, and business services industry. Incorporated in 1997 in Delaware, it provides a broad portfolio of integrated logistics and delivery solutions through its extensive network.

Core Business Operations

• Main Service Lines:
  • Federal Express (FedEx Express): Pioneer in express courier services, providing rapid, reliable time- and day-definite delivery to over 220 countries and territories.
  • FedEx Freight: Offers less-than-truckload (LTL) freight services across North America, including priority, economy, and e-commerce-focused delivery options.
  • FedEx Dataworks: Digital innovations and solutions to optimize supply chain efficiency and enhance customer logistics experiences using extensive data analysis, machine learning, and AI.
  • FedEx Office: Operates around 2,000 retail stores providing printing, shipping, packing, and digital services, including collaborations with retail partners like Walgreens and Dollar General.
  • FedEx Logistics: Provides air and ocean cargo transportation, customs brokerage, trade management, and third-party logistics globally, with approximately 115 offices in 34 countries.

Key Segments

Federal Express Segment

• Employees: Approximately 440,000 employees.
• Drop-off Locations: About 63,000 across the U.S. and internationally.
• Aircraft Fleet: Nearly 700 aircraft, including Boeing B777F, MD-11, 767F, Airbus A300-600, and ATR models.
• Vehicles: Approximately 78,000 motorized vehicles globally, with surface operations supported by around 95,000 vehicles from independent service providers.
• Facilities: Major sortation hubs in Memphis, Indianapolis, and major international airports (e.g., Narita, Stansted). The Memphis hub is the central global air network hub.
• Revenue: As of fiscal year ending May 31, 2025, the company’s total revenue was approximately $92.2 billion.
• Net Income: Specific net income figures are not provided in the excerpt; however, the company has implemented strategic initiatives and network modernization to maintain profitability.

FedEx Freight

• Employees: About 40,000 employees.
• Vehicles: Nearly 30,000 trucks, with operations spanning the U.S., Canada, and Mexico.
• Facilities: Approximately 355 service centers.
• Services: Includes Priority, Economy, and Direct freight options, with specific services for intra-country, cross-border, and international shipments.
• Revenue: Not explicitly provided, but the segment is a significant part of FedEx's overall operations.
• Planned Spin-off: Federal Express announced plans to fully separate FedEx Freight into a new publicly traded company by June 2026.

FedEx Office

• Employees: Around 12,000 employees.
• Stores: Approximately 2,000 retail stores, including locations within Walmart and retail partnerships.
• Services: Printing, packaging, shipping, digital document services, self-serve kiosks, returns management, and promotional products.

FedEx Logistics & FedEx Supply Chain

• Employees: About 17,000 total across logistics segments.
• Offices & Facilities: 115 offices internationally; 80 facilities domestically.
• Services: Customs brokerage, ocean/air freight forwarding, specialized transportation, global trade management, product lifecycle logistics, warehousing, and fulfillment solutions for retail, healthcare, and industrial sectors.

Strategic Initiatives & Technologies

• Network Optimization: Implementing "Network 2.0" to increase efficiency, consolidating sortation facilities, reducing routes, and modernizing hubs.
• Digital & Data Innovations: Launch of the fully integrated data platform “fdx” for supply chain visibility, AI and machine learning for operations, autonomous vehicle testing, enhanced tracking tools, and customer digital platforms.
• Sustainability Goals: Aiming for carbon neutrality by 2040 with investments in fleet modernization, electric vehicles, sustainable aviation fuels, renewable energy, and carbon offset programs.
• Brand & Market Presence: Recognized as one of the most trusted brands globally, with ranked 20th in Fortune’s “World’s Most Admired Companies” list for 2025.

Customer Base & Market Reach

• Global Network: Connects more than 220 countries and territories, representing over 99% of the world’s gross domestic product.
• Customer Engagement: Thousands of businesses and individual users utilize FedEx’s extensive retail and digital delivery solutions, along with e-commerce, returns management, and digital commerce platforms.

Note: Specific net income figures are not provided directly in the excerpt; revenue figures as of fiscal year ending May 31, 2025, are approximately $92.2 billion.