FedEx

FedEx Corporation, originally Federal Express Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office, FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. FedEx assists in the transport of some United States Postal Service packages through their Air Cargo Network contract.

Some of the key events about FedEx

1971
Founded as Federal Express Corporation, pioneering overnight delivery services
1973
Launched operations with 14 small aircraft serving 25 cities
1975
FedEx faced near-bankruptcy and was denied a crucial loan
1978
Went public on the New York Stock Exchange
1983
Introduced the "ZapMail" fax service, an early adoption of electronic document delivery
1984
Expanded internationally with service to Europe and Asia
1994
Launched fedex.com, one of the first major e-commerce websites
1994
The company was fined $3.5 million for hazardous waste violations
1995
Acquired Flying Tigers, significantly expanding its international reach
1997
FedEx pilots went on strike, disrupting operations
2000
Rebranded as FedEx Express and expanded its portfolio of services
2002
The company paid $26.8 million to settle a racial discrimination lawsuit
2004
Acquired Kinko's, expanding into retail and office services
2011
FedEx agreed to pay $8 million to settle allegations of overcharging government customers
2014
FedEx was indicted for shipping illegal online pharmacy drugs
2016
Completed the acquisition of TNT Express, strengthening its global network
2016
The company paid $240 million to settle driver misclassification lawsuits
2018
FedEx experienced a major cybersecurity breach affecting customer data
2019
The company ended its ground delivery contract with Amazon
2020
FedEx faced criticism for poor handling of COVID-19 vaccine shipments

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

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