FedEx Corporation (NYSE: FDX) is an American multinational courier delivery and logistics company, founded on June 18, 1971 by Frederick W. Smith as Federal Express Corporation in Little Rock, Arkansas, and headquartered in Memphis, Tennessee. FedEx provides transportation, e-commerce, and business services across more than 200 countries and territories, operating through two primary segments: Federal Express (express delivery and international services) and FedEx Freight (less-than-truckload freight transportation). The company employs approximately 880,000 people globally.
FedEx began commercial operations in 1973 after relocating to Memphis — chosen for its central U.S. location and favorable weather — and went public on the NYSE in December 1978 at $24 per share. Smith's founding vision, originally outlined in a Yale University business school paper, centered on an overnight delivery network using a hub-and-spoke model, a then-novel concept that reshaped the logistics industry. The company was renamed FDX Corporation in 1997 and FedEx Corporation in 2000. Key milestones include the 2004 acquisition of Kinko's (rebranded FedEx Office), the 2016 acquisition of Dutch logistics company TNT Express for $4.8 billion, and the 2019 decision to end its ground delivery contract with Amazon, signaling a direct competitive pivot. FedEx competes primarily with UPS and DHL in the global parcel and freight market. Trailing revenue reached approximately $90 billion as of early 2026.