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FedEx Corporation

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FedEx Corporation - Manufacturing & Construction showcase

Year Founded & Workforce

1971

249,000 Employees

Industry

Manufacturing & Construction

Services

LogisticsGlobal Visa and Passport Market
F

FedEx Corporation Employee Contacts

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FedEx Corporation Overview

Company Headquarters: US

Founded: 1971

Workforce: ~249,000

Company Working: FedEx Corporation provides a portfolio of transportation, e-commerce, and business services through companies competing collectively and operating independently, under the FedEx brand. The Company's segments include FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The FedEx Express segment offers a range of United States domestic and international shipping services for the delivery of packages and freight. The FedEx Ground segment provides small-package ground delivery services, which include day-certain service to any business address in the United States and Canada, as well as residential delivery services through its FedEx Home Delivery service. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the Company's operating segments.

Strategy

FedEx aims to become a leader in providing transportation and e-commerce services to individuals and businesses. It also aims to grow its core package business, expand internationally, increase its supply chain capabilities, grow its e-commerce & technology, and form new service alliances to grow its business. For instance, the company announced the launch of its SameDay Bot, which is a small vehicle that can travel independently along sidewalks and roadsides, helping retailers make same-day and last-mile deliveries to customers.

Company Snapshot

$69,690M

Revenue

249,000

Employees

1971

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Robust operational network
  • Wide geographic presence
  • Significant industry experience
  • Established presence in the North American market
  • Strong operational network strengthens business
  • Focus on technology

Weaknesses

  • Dependent on North America
  • Highly dependent on the US market
  • Geographic Concentration
  • Increase in liabilities

Opportunities

  • Scope for acquisitions to expand business operations
  • Strategic initiatives to boost growth
  • Expansions in emerging markets
  • Transportation industry in US

Threats

  • Fluctuation in fuel prices
  • Increasing cost of labor in the US
  • Foreign currency exchange risks
  • Competition from companies such as United Parcel Service of America, Inc. and Amazon
  • Foreign exchange risks could impact international operations
  • Cost of labor in US could impact business

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Key Developments

DateApproachDevelopment
–ExpansionFedEx Express, a subsidiary of FedEx, expanded in the Gulf Cooperation Council (GCC) countries, strategizing to have a direct presence in the Sultanate of Oman. This strategic expansion provides customers with access to international coverage to and from more than 220 countries and territories, a stronger customer care support system, and a more extensive service portfolio, connecting businesses to new markets and customers across the globe.
–Contract and AgreementFedEx Express, a subsidiary of FedEx (NYSE: FDX), appointed SAB Express (SAB) as the global service provider for its international services, connecting Saudi Arabia with more than 220 countries and territories
October 2019CollaborationFedEx collaborated with Wing Aviation LLC to conduct residential drone delivery trials in the US. The trials were a part of the US Department of Transportation’s Unmanned Aircraft Systems Integration Pilot Program (IPP).
September 2019CollaborationFedEx collaborated with Wing Aviation LLC, a subsidiary of Alphabet and Walgreen Co., to launch a drone delivery service in Christiansburg, Virginia, US., in October 2019.
February 2019Product LaunchFedEx launched the FedEx SameDay Bot, an autonomous delivery device that assists retailers in making same-day and last-mile deliveries to customers. The launch of the product enabled the company to strengthen its position in the autonomous delivery market.
July 2019PartnerhsipFedEx Corp. and RushMyPassport made a partnership to offer expedited U.S. passport services in US to travelers starting from summer of 2019.

Product Offering

  • FedEx Corporation
    • Logistics
    • Global Visa and Passport Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 69.7 Mn in 2019 to USD 93.5 Mn in 2022.
FedEx Corporation — By Business Segment
Series (USD Mn)2019202020212022
Sales69.769.283.893.5

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