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FedEx People
FedEx Corporation, originally known as Federal Express Corporation, is an American multinational conglomerate holding company specializing in transportation, e-commerce, and business services. The company is headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of its original air division, Federal Express, which operated under this name from 1973 until 1994. FedEx is best known for its air delivery service, FedEx Express, which pioneered overnight delivery as its flagship service. Over the years, the company has expanded its operations to include FedEx Ground, FedEx Office, FedEx Supply Chain, FedEx Freight, and several other services through a network of subsidiaries. These expansions have often been strategic moves to compete with its primary rival, UPS. The company’s air shipping operations are centralized at its primary hub at Memphis International Airport, making it a critical hub for global logistics. History Foundation and early his ...
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McDonnell Douglas DC-10
The McDonnell Douglas DC-10 is an American trijet wide-body aircraft manufactured by McDonnell Douglas. The DC-10 was intended to succeed the Douglas DC-8, DC-8 for long-Range (aeronautics), range flights. It first flew on August 29, 1970; it was introduced on August 5, 1971, by American Airlines. The trijet has two turbofans on underwing pylons and a third one at the base of the vertical stabilizer. The twin-aisle layout has a typical seating for 270 in two classes. The initial DC-10-10 had a range for transcontinental flights. The DC-10-15 had more powerful engines for hot and high airports. The DC-10-30 and –40 models (with a third main landing gear leg to support higher weights) each had intercontinental ranges of up to . The KC-10 Extender (based on the DC-10-30) is a tanker aircraft that was primarily operated by the United States Air Force. Early operations of the DC-10 were afflicted by its poor safety record, which was partially attributable to a design flaw i ...
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Freight Transportation
Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. History Prehistoric Era Initial human civilization relied heavily on domesticated animals, such as horses, camels, and donkeys, to transport their goods. The invention of the wheel in Mesopotamia in 5000BC improved this efficiency by allowing for carts and carriages to be created, which animals could pull. Classical Era Romans The Romans built a vast network of roads, which facilitated trade across the numerous cities in its empire. Silk Road Transport along the silk road, a land-based route, was generally done through caravans, equipped with cam ...
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Memphis International Airport
Memphis International Airport is a civil-military airport located southeast of downtown Memphis in Shelby County, Tennessee, United States. It is the primary international airport serving Memphis. It covers and has four runways., effective April 17, 2025. It is home to the FedEx Express global hub, often referred to as the FedEx Superhub or simply the Superhub, which processes many of the company's packages. Nonstop FedEx destinations from Memphis include cities across the continental United States, Canada, Europe, the Middle East, Asia, and South America. From 1993 to 2009, Memphis International was the world’s busiest airport for cargo operations. It dropped to second place in 2010, just behind Hong Kong. It still remained the busiest cargo airport in the United States and the Western Hemisphere. It briefly rose to first place once again in 2020 due to the surge in ecommerce partly caused by the COVID-19 pandemic but dropped back to second place in 2021. The airport a ...
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United Parcel Service
United Parcel Service, Inc. (UPS) is an American multinational corporation, multinational package delivery, shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500, ''Fortune'' 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses. UPS offers Air cargo, air shipping on an overnight or two-day basis and delivers to post office boxes through UPS Mail Innovations and UPS SurePost. UPS is the largest courier company in the world by revenue, with annual revenues around US$85 billion in 2020, ahead of competitors DHL and FedEx. UPS's main international hub, UPS Worldport in Louisville, Kentucky, is the List of busiest airports by cargo traffic, fifth busiest airport in the ...
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Business Services
Corporate services or business services are activities which combine or consolidate certain Business, enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. The term corporate services providers (CSPs) is also used. Corporate Service Providers may work in a diverse set of fields such as corporate finance, finance, consulting firm, consulting, IT service management, advisor, advisory services, audit, auditing and so forth. Typically the emphasis of the service agreement is on providing clients with an improved functional and experiential quality over time. In the United Kingdom, the public audit agencies produced a report in May 2007 called "Value for Money in public sector corporate services". This provides performance indicators in five categories: Finance, Human Resources, Information & Communication Technology, Procurement, and Estates Management ...
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E-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is the largest sector of the electronics industry and is in turn driven by the technological advances of the semiconductor industry. Defining e-commerce The term was coined and first employed by Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transacti ...
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Package Delivery
Package delivery, or parcel delivery, is the delivery of shipping containers, parcels, or high-value mail in single shipments. The service is provided by most postal systems, express mail, private courier companies, and less-than-truckload shipping carriers. Package delivery differs by country due to shipping costs and population size. In 2019, for example, China, the United States, and Japan were the top countries in terms of package delivery volume while Latvia, Macau, and Iceland ranked at the bottom. This can be explained in part by the population of the bottom three nations totaling 2 million while the top three represent a population of almost 2 billion. Mail order and next-day delivery in the United Kingdom Welsh entrepreneur Pryce Pryce-Jones formed the first mail order company in 1861. He distributed catalogues of Welsh flannel across the United Kingdom, with customers able to order by mail for the first time—this following the Uniform Penny Post in 1840 and the invent ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ...
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Conglomerate (company)
A conglomerate () is a type of multi-industry company that consists of several different and unrelated List of legal entity types by country, business entities that operate in various industries. A conglomerate usually has a Holding company, parent company that owns and controls many Subsidiary, subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and Multinational corporation, multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, Corporate spin-off, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as Media (communication), media, Finance, banking, Energy industry, energy, mining, manufacturing, retail, Arms industry, defense, and transportation. This type of organization aims to achieve economies of scale, market power, Risk management, ris ...
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Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ...
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FedEx Supply Chain
FedEx Supply Chain, formerly known as GENCO (General Commodities Warehouse & Distribution Co.) is a major third-party logistics (3PL) provider in the United States and Canada. It serves various industries, including: technology & electronics, retail & e-commerce, consumer & industrial goods, and healthcare industries. The company was founded in the year 1898 by Hyman Shear as H. Shear Trucking Company in Pittsburgh. Currently it is a subsidiary of FedEx. FedEx acquired the company in 2015 and re-branded it as FedEx Supply Chain in 2017. The company manages 130 Warehouse and Distribution Center operations in North America region with a total of 35 million square feet of warehouse space under its management. FedEx Supply Chain was recognized by Multichannel Merchant as a Top 3PL for 2018. History Early history In 1898, Hyman Shear began operating a drayage company known as H. Shear Trucking Company. Leading a blind horse with a wagon, Hyman delivered commodities to Pittsburgh a ...
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FedEx Office
FedEx Office Print & Ship Services Inc. (doing business as FedEx Office; formerly FedEx Kinko's, and earlier simply Kinko's) is an American retail chain that provides an outlet for FedEx Express and FedEx Ground (including Home Delivery) shipping, as well as copying, printing, marketing, office services and shipping. While FedEx, to the Kinko's founder's dismay, dropped the Kinko's name in summer 2008, the name remains in use. Unlike its main competitor, the UPS Store, which is franchised, all FedEx Office stores are corporate-owned. History Paul Orfalea, whose nickname was "Kinko" because of his curly hair, founded the company as Kinko's in 1970. Its first copy shop, which Orfalea opened with a sidewalk copy machine, was in the college community of Isla Vista, California, next to the campus of the University of California, Santa Barbara. He left the company in 2000, following a dispute with the investment firm Clayton, Dubilier & Rice ("CDR"), to which he had sold a large stake ...
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