Fedex Let Use Handle Your Packages
Essay Preview: Fedex Let Use Handle Your Packages
Report this essay
FEDEX LET USE HAND YOUR PACKAGES
Regardless what size a cargo airline is comprised of the airline deals with organizational management. Airlines need to be able to generate revenue to allow them to accomplish compete with other cargo carriers. This paper is going to explore the Federal Express (FedEx) Corporation. We will learn some of the history of FedEx, type of aircraft, number of personnel, and the mission of FedEx. Will point out the major players of FedEx and what they bring to FedEx as experience. Providing a breaking down the current and analysis and providing the financial assessment of FedEx.
History
Frederick W. Smith founded Federal Express in 1971 in Little Rock, Ark. During 1973 FedEx relocated operations to Memphis, Tenn., this was the first night of continuous operation. Upon opening FedEx employed 389 people and used 14 Dassault Falcon jets to deliver 186 packages overnight to 25 U.S. cities this is when the modern air/ground express industry was born. After two years of lobbying in 1977 Congress passes public law 95-163 enabling FedEx and other cargo airlines to use larger aircraft with no geographic restrictions on routes, they purchased seven Boeing 727 aircraft, with a cargo capacity of 40,000 pounds. In, 1981 FedEx began international delivery with service to Toronto, Canada, while they where opening its super hub in Memphis, Tenn., adjacent to Memphis International Airport. Only five years later in 1983 Federal Express became the first U.S. Company to reach revenues of $1 billion without merger or acquisition. The acquisition of air route from Evergreen International in 1995 and the authority to serve China FedEx opens the Asia Pacific Hub in Subic Bay, Philippines, launching the FedEx Asia OneЮ Network. During 1999 the hub in Europe at the Roissy-Charles de Gaulle airport allowed FedEx to launches its Euro OneЮ Network. Also FedEx acquired the Caribbean Transportation Services. Another good move by FedEx happened in 2001 when they forged a public-private alliance with the U.S. Postal Service. With FedEx rounding out in 2005 with their campaign of launching around the world flights Ð- Eastbound and westbound, this allowed faster and better connectivity. A major step for FedEx was to announce the new Asia Pacific hub in Guangzhou, China; this hub is to replace the hub currently in Subic Bay, Philippines. (1995-2006, FedEx)
Size & Scope
The FedEx Corporation has an impressive number totaling up to 674 aircraft. They use 118 Airbuss A300 & A310 series and 40 ATR, 254 Cessnas the 208 A and B series. FedEx also utilize 254 Boeing aircraft
ranging from DC-10 series, MD-10 and MD-11 series to the Boeing 727-100s and 727-200s, and with the use of nine Fokker F-27s. During September 2005 FedEx ordered six A300-600 from the Airbus Corporation and while they have not yet ordered from the Boeing Corporation (1995-2006, FedEx and 2005 ATA). The number of employees and contractors worldwide range into the 260,000 personnel, this is larger than one of their rival companies United Parcel Service (UPS). FedEx has over 10,000 employees in their Asia Pacific operations alone. The difference between the employees of FedEx and UPS is approximately 105,805 employees, out of the 260,000 FedEx employees around 110,000 works on the aviation side of the house.
Federal Express has ten air express hubs through out the world ranging from Asia, Canada, Europe, and back to America. The hubs located in the United States are in Memphis, Tenn. their supper hub, Anchorage, Alaska, and Oakland, Cal. to new three of them. The Latin America-Caribbean hub is located in Miami, Fl., while the hub in Canada is located in Toronto, while Europe, Middle East and Africa utilize the hub in Paris, France. The hub that FedEx has in the Asia Pacific out of Subic Bay, Philippines would be in the future moving to Guangzhou, China the gateway to China. (1995-2006, FedEx)
The route that federal express utilizes are all over the world flying from the Supper hub in Memphis to all over the United States to all the other hubs world wide. The hub in Oakland, Cal., is its main transfer hub to the Asia Pacific hub. When aircraft arrive at one of the hubs the packages have to be unloaded within four hours and sorted and trans loaded onto outbound airplanes. This is the major operation of FedEx that allows its packages to arrive at the customers door on time at 8:am the next business day.
FedEx Management
Management of any corporations needs to be able to make hard and sound decisions. One of the most important managers at FedEx is Fredrick W. Smith, founder of Federal Express. During 1965 Mr. Smith was attending Yale University where he wrote a term paper dealing with passenger route systems used by airfreight shippers. After his five-year tour in the Marine Corps as a platoon leader and pilot in Vietnam War, after leaving the Marine Corps Mr. Smith bought the interest Ark Aviation Sales. In 1971, Smith founded Federal Express with millions in venture capital and around $4 million from his inheritance. (2006, Wikipedia) Understanding who you are researching is important, a fact that I found out about Fredrick W. Smith while attending Yale University was during the same time as George W. Bush our current President of the United States, and the talk around campus is that Fredrick Smith would be appointed as Defence Secerity when George Bush got to the White House.
Other major management staff at FedEx are
Robert b. Carter the Executive Vice President, Chief Information Officer and Executive Vice President, Co-Chief Executive Officer, FedEx Services, has been with FedEx since 1993. T. Michael Glenn Executive Vice President, Market Development & Corporate Communications and President, Chief Executive Officer, FedEx Services, has been with FedEx since 1981. Alan B. Graf, Jr. Executive Vice President, Chief Financial Officer, has been with FedEx since 1980. Christine P. Richards Executive Vice President, General Counsel, Secretary, she joined FedEx in 1984. These are the top-level management of the FedEx Corporation. One of the other managers that stood out to me during my research was Rick Faieta the President, and Chief Executive Officer, for the Caribbean Transportation Services, which was subsidiary of FedEx Freight. During, September 1999, FedEx fully acquired the Caribbean Transportation Service and that is when Mr. Faieta joined the FedEx family. Mr. Faieta was a Marine First Lieutenant during the Vietnam War where he earned the Purple Heart and the Bronze Star for Valor. FedEx Corporation has been staffed with senior management that has been around