FedEx Corporation is an American multinational courier delivery company headquartered in Memphis, Tennessee. The name "FedEx" is a syllable abbreviation of the company's original air division name, Fed eral Ex press (now FedEx Express), used from 1973 to 2000 The company is known for its services overnight delivery and pioneering systems that can track packets and provide real-time updates in packet locations (to help locate missing packages), a feature that has now been adopted by most other carrier services.
Video FedEx
History
FedEx Corporation is an import/export company, established October 2, 1997, in Delaware. FDX Corporation was established in January 1998 with the acquisition of Caliber System Inc. by Federal Express. With Caliber purchases, FedEx began offering services other than express delivery. Caliber subsidiaries include RPS, small-scale landline services; Roberts Express, an accelerated delivery provider; Viking Freight, a local cargo carrier, less than the truckload serving the Western United States; Caribbean Transportation Service, air delivery provider between the United States and the Caribbean; and Caliber Logistics and Caliber Technology, a provider of logistics and technology solutions. FDX Corporation was established to oversee all the operations of its original air companies and divisions, Federal Express.
In the 1990s, FedEx Ground planned, but later abandoned, a joint service with British Airways to have BA fly a Concorde jet supersonic jet to Shannon, Ireland with a FedEx package on board, and then FedEx would fly subsonic packets to point- their delivery point in Europe. Ron Ponder, a vice president at the time, was responsible for this proposed endeavor.
In January 2000, FDX Corporation changed its name to FedEx Corporation and re-branded all its subsidiaries. Federal Express became FedEx Express, RPS became FedEx Ground, Roberts Express became FedEx Custom Critical, and Caliber Logistics and Caliber Technology were combined to form FedEx Global Logistics. A new subsidiary, called FedEx Corporate Services, is formed to centralize sales, marketing, and customer service for all subsidiaries. In February 2000, FedEx acquired Tower Group International, an international logistics company. FedEx also acquired WorldTariff, a customs and tax information company; TowerGroup and WorldTariff re-branded to form FedEx Trade Networks.
FedEx Corp. acquired Kinko, Inc. privately owned in February 2004 and replaced it with FedEx Kinko. This acquisition is conducted to expand FedEx retail access to the general public. After the acquisition, all FedEx Kinko locations exclusively only offer FedEx shipments. In June 2008, FedEx announced that they would drop Kinko's name from their ship's center; FedEx Kinko will now be called the FedEx Office. In September 2004, FedEx acquired Parcel Direct, a package consolidator, and repeated FedEx SmartPost.
In December 2007, the U.S. Internal Revenue Service "while deciding" FedEx Ground Division may face tax obligations of $ 319 million for 2002, due to mis-classification of its operatives as independent contractors. Reversing the 1994 decision that allowed FedEx to classify its operatives owning their own vehicles as independent contractors, the IRS audited 2003 to 2006, with a view to assessing whether similar misclassification of operations had occurred. FedEx denies that irregularities in the classification have occurred, but faced legal action from cooperatives claiming benefits to be gained if they were classified as employees.
In June 2009, FedEx started a campaign against United Parcel Service (UPS) and Teamsters union, accusing its competitors of receiving a bailout in an advertising campaign called "Brown Bailout". FedEx claims that it signed a Federal Aviation Administration re-authorization bill, which would let some of its workers to associate more easily (and, according to the Memphis-based company, "could expose its customers anytime for local work stoppages disrupted by high-value shipping currents and high value "), the same as giving a" bailout "to UPS. Independent observers strongly condemned FedEx's words, claiming that it was a "misuse of the term". FedEx Express employees are governed under the Railway Employment Act.
On January 14, 2013, FedEx appointed CEO Henry Maier and FedEx Ground President, to take effect after David Rebholz retired on May 31, 2013. On July 17, 2014, FedEx was indicted for a conspiracy to distribute controlled substances in collaboration with the Chhabra Organization -Smoley and Medicinal Unggul. According to the US Department of Justice, "FedEx is alleged to have deliberately and deliberately conspired to distribute controlled substances and prescribed drugs, including Phendimetrazine (Schedule III); Ambien, Phentermine, Diazepam, and Alprazolam (Schedule IV), to customers who have no there is a legitimate medical need for them based on an unauthorized prescription issued by a physician acting outside the usual professional practice. "Representatives for the company competing for this claim, stated that it would violate the customer's personal right to refuse service and that" We are a company transportation - we are not law enforcement ". On July 17, 2016, the US Department of Justice's Office of Justice confirmed in a statement that they had asked US District Court Judge Charles Breyer to drop the charges but did not say why.
In April 2015, FedEx acquired their competitor TNT Express for EUR4.4 billion ($ 4.8 billion, £ 3.2 billion) as it looks to expand their operations in Europe.
Maps FedEx
Operating unit and logo
FedEx SameDay City allows between: Standard, providing pickup at noon and delivery at the end of the day, or Priority, providing delivery within 2 hours. FedEx SameDay City is currently expanding in all major cities across the country and plans to become its own operating unit within the next five years.
SCAC Code
Standard Carrier Alpha Code (SCAC) is a unique code used to identify transport companies. Usually consists of two to four letters of the alphabet. It was developed by the National Motor Freight Traffic Association in the 1960s to help the transportation industry for data and computerized recordings. FedEx codes include:
- FXE - FedEx Express
- FXSP - FedEx SmartPost
- FXG - FedEx Ground
- FXFE - FedEx Transportation
- FDCC - FedEx Custom Critical
- FXO - FedEx Office
- FSDC- FedEx City The Same Day
Political contributions and lobbying
According to the Center for Responsive Politics, FedEx Corp. is the 21st largest contributor to the campaign in the United States. The company has donated more than $ 21 million since 1990, 45% of whom went to Democrats and 55% to the Republic. Strong ties to the White House and members of Congress allow access to international trade and tax cuts cut as well as business practice rules of the United States Postal Service. In 2001, FedEx signed a $ 9 billion deal with USPS to transport all overnight shipments and express delivery of the post office.
In 2005, FedEx was among 53 entities that contributed a maximum of $ 250,000 to sponsor the second inauguration of President George W. Bush.
During the first three months of 2010, FedEx spent nearly $ 4.9 million to lobby the federal government (UPS, FedEx's main competitor, spent $ 1.6 million to lobby for the same period), an increase of 4% from $ 4.7 million which was spent during the last quarter of 2009, but more than doubled from what was spent on lobbying during the first quarter of 2009.
Controversy
Shark Fins
FedEx refuses to stop shipping of shark fins that have been targeted by environmental and conservation demonstrators. The demonstrators demonstrated in front of the FedEx depot at Kennedy Town in Hong Kong on Sunday July 3, 2016. The next protest occurred on September 18, 2016 at the Fedex depot in Kwun Tong in Hong Kong.
National Rifle Association
At the end of February 2018, the company was involved in allegations in favor of the National Rifle Association (NRA). On February 26, 2018, the company chose not to withdraw from offering discounts on services to NRA members, even as arms control supporters called for shipping companies to break ties with the NRA since the school shootings at Parkland Florida.
Awards and honors
The company was named by Fortune magazine as one of the top 100 companies working in 2013, citing the company's choice to save on voluntary purchases rather than voluntary layoffs.
Ads
Some FedEx ad campaigns:
- "When Really, Positives must be there all night" - 1978-1983
- "It's Not Just Packages, It's Your Business" - 1987-1988
- "Our Most Important Packages are yours" - 1991-1994
- "True, Positive Anytime" - 1995
- "The Way the World Works," 1996-1998
- "Very Sure," 1998-2000
- "This is a Job for FedEx," 2001-2002
- "Do not worry, there's FedEx for that," 2002-2003
- "Relax, this is FedEx," 2004-2008
- "The World On Time" 2001-present
- "We Understand," 2009-present
- "We Live To Deliver" 2009-present
Ads of John Moschitta
In 1981, their advertising company, Ally & amp; Gargano hired player John Moschitta, Jr., known for his quick speech delivery, to do an ad for Federal Express titled "Fast Paced World". This single ad will be cited years later by New York as one of the most memorable ads ever.
Motorports
- From 1997 to 2002, FedEx was the main sponsor of the Champ Car World Series when it became known as CART. The series is known as the "CART FedEx Championship Series", which leads to the official "Champ Car" designation referring to the fact that they are a FedEx Championship.
- FedEx is a sponsor of No. 11 NASCAR Sprint Cup Toyota, owned by Joe Gibbs Racing since 2005. This car has been driven by Denny Hamlin since 2006.
- FedEx previously sponsored Formula One team Benetton (1996-1999), Ferrari (1999-2001), Williams F1 (2002-2006), and McLaren (2007-2008).
Football
- From 1989 to 2010, FedEx was the main sponsor of the Orange Bowl, playing in Miami, Florida.
- FedExField, home of the National Football League, Washington Redskins in Landover, Maryland
Other sports
- FedEx sponsors FedExForum, home of the Memphis Grizzlies NBA and the men's basketball team of the University of Memphis.
- FedEx sponsors the Heineken Cup in Rugby
- Starting in 2007, FedEx became the FedEx Cup main sponsor, the championship trophy for the PGA Tour.
- The St. The Jude Classic, a PGA Tour golf tournament held in Memphis, has been sponsored by FedEx from 1986 to 2006, in 2009, and currently since 2011.
- FedEx is the Premier League UEFA Sponsor League since 2015.
See also
- Remove
- Federal Express 705 flight (piracy experiment)
- Transport company
- Package delivery
- Top 100 US Federal Contractors
References
External links
- FedEx - National home index
Source of the article : Wikipedia
0 Comments