The History of FedEx

 

FedEx is one of the big three when it comes to your business shipping needs. But have you ever wondered how FedEx got it’s start?

Who thought of it and what hurdles did they have to overcome to make their dream a reality?

Lets take a look at some of the highlights of the story of FedEx.

1913
C.J. Tower & Sons — the forerunner of FedEx Trade Networks subsidiary FedEx Trade Networks Transport & Brokerage — begins operation as a customs broker in Niagara Falls, N.Y.

1973
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 U.S. cities — and the modern air/ground express industry is born.

1981
Federal Express introduces the Overnight Letter.
Federal Express begins international delivery with service to Canada.
Federal Express opens its SuperHub adjacent to Memphis International Airport.

1983
Federal Express becomes the first U.S.company to reach revenues of $1 billion without merger or acquisition.

1998
FedEx acquires Caliber System Inc. and creates FDX Corporation. The move creates a $16 billion transportation powerhouse, comprised of the traditional Federal Express distribution service and small-package carrier RPS, less-than-truckload (LTL) carrier Viking Freight, Caliber Logistics, Caliber Technology and Roberts Express.

2000
Parent company FDX is renamed “FedEx Corporation.” Services are divided into companies that operate independently yet compete collectively: FedEx Express, FedEx Ground, FedEx Global Logistics, FedEx Custom Critical and FedEx Services.
FedEx Ground launches FedEx Home Delivery, an innovative business-to-residential service, in major U.S.markets.
FedEx Trade Networks is created with the acquisitions of Tower Group International and WorldTariff.
FedEx Custom Critical acquires Passport Transport.
FedEx teams with Amazon.com on a major e-commerce event, delivering the book “Harry Potter and the Goblet of Fire” to 250,000 eager customers on the Saturday of its release.
FedEx introduces customer technology solutions including a redesigned fedex.com, FedEx e-Commerce Builder, FedEx Global Trade Manager and FedEx Ship Manager.

2011
FedEx Express acquires the logistics, distribution and express businesses of AFL Pvt. Ltd. and its affiliate, Unifreight India Pvt. Ltd. This acquisition provides FedEx more robust domestic transportation and added capabilities in India.
FedEx Express acquires the operations of MultiPack in Mexico. MultiPack’s existing operations include its pick-up and delivery network, warehousing and logistics services, 48 distribution centers, 13 warehouses and more than 500 retail outlets, all of which will be consolidated into the FedEx business.

As you can see by their history FedEx has an extensive track record of getting things from point A to Point B.

But what happens when you ship something express and it is late?

The good news is you entitled to a refund. The bad news is it is up to you to track your packages and submit for the refund when your shipment is late.

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Are you sending a out bunch of FedEx or UPS shipments every month? Chances are your invoices contain refund opportunities. Let PackageFox help you save some money.

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