Fedex Express Is Part of Transportation Powerhouse Fedex Corporation
Fedex Express Is Part of Transportation Powerhouse Fedex Corporation
FedEx Express is part of transportation powerhouse FedEx Corporation.
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $32 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. .
Consistently ranked among the worlds most admired and trusted employers, FedEx inspires its more than 260,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities.
FedEx Express
FedEx Express provides fast and reliable delivery to every U.S. address and to more than 220 countries and territories around the world. FedEx uses a global air-and-ground network to speed delivery of time-sensitive shipments, usually in one to two business days with the delivery time guaranteed.
FedEx Express (FedEx) conceived the idea of an international network more than 20 years ago, when it purchased Gelco Express International, a courier service with offices in Europe and Asia. FedEx set up the first Asia Pacific regional office in Hawaii in 1987, and a year later began its first direct, scheduled cargo service to Japan.
In 1989, FedEx expanded its service offerings in the region when it purchased Flying Tigers, an all-cargo airline with flying rights to 21 countries. For the first time, FedEx had governmental permission to carry documents, packages and freight to multiple Asian destinations on a regular schedule including: Hong Kong, Japan, Korea, Malaysia, Singapore, Taiwan and Thailand.
As economies across Asia Pacific began to grow and prosper, FedExs shipment volumes and its presence in the marketplace began to expand as well. Recognizing a need for the company to be closer to Asian customers, FedEx moved its Pacific headquarters from Hawaii to Hong Kong in 1992.
The companys success in meeting customers needs resulted in the creation of an innovative unparalleled network called FedEx AsiaOne? launched in September 1995. This launch included five trans-Pacific flights, the creation of an Asia Pacific hub in Subic Bay, Philippines, and the creation of an overnight intra-Asian delivery network connecting 11 major Asian centers. The network was expanded to 19 Asian destinations in 2001.
In September 1997, FedEx announced the worlds first Round-the-World cargo flight, which originated in Indianapolis, Indiana, and continued to Paris, Dubai, United Arab Emirates, Mumbai, India, Bangkok, Thailand, the Subic Bay Asia hub in the Philippines, and ended in Anchorage, Alaska, U.S.
In 2002 FedEx demonstrated its continued efforts in strengthening its intra-Asia network. Sorting capacity at Subic Bay was doubled through facility expansion and enhanced automation for even faster document sorting. Later that year, FedEx strengthened service offering between Asia Pacific and Europe with upgrade of MD-11 aircraft, doubling cargo capacity and expanding volume by 50 tons per day. During the same period, FedEx became the first and only international carrier to offer a Money-Back Guarantee to customers across