Topic: Frederick W. Smith

Memphis became FedEx's company headquarters because of its geographical center to the original target market - cities for small packages. There are more than 31,500 employees in Memphis and its metropolis that represents eight of the FedEx subsidiaries such as FedEx ...
Shipping giant FedEx (FDX) continues to have some small problems keeping Wall Street earnings expectations in check. However, the global economic...

National Employee Morale Day At Fedex

Fedex (NYSE: FDX) said it would cut 1,700 people. The announcement was made as part of the air freight company's earnings release. The firm...

Shipping the Recovery?

As Google (GOOG) kicks the concept of a trade war up a notch to the cyber level, there is another battle going on right here on the ground. "All carriers have reduced capacity and frequency to U.S. ports", Tan Hua Joo ...

Are Furloughs, Pay Cuts the New Layoffs?

Are furloughs and pay cuts the new layoffs? FedEx Corp, Caterpillar and Gymboree are among companies cutting salaries, a strategy once avoided because of concerns it wouldn't save enough and/or it would hurt morale, reports the Los Angeles Times.. In ...
He incorporated a company called Federal Express in June 1971 and began operations in 1973 from Memphis International Airport. On its first night, in April, FedEx shipped 186 packages to 25 U.S. cities.. While this news could have been disastrous for ...

FedEx chief sees U.S. slowdown, not steep decline

N said on Sunday that although the U.S. economy has slowed down, he does not think it will go into a "precipitous decline. Higher fuel prices have "clearly cut into the ability of the American consumer, particularly the paycheck-to-paycheck consumer, to ...

FedEx 4Q profit rises 7 percent

FedEx Reports 7 Percent Rise in 4Q Earnings on Revenue GainFedEx Corp. posted a 7 percent increase in fourth-quarter profit Wednesday on higher revenue but said a sluggish U.S. economy dampened business.The shipping giant forecast earnings growth in fiscal year ...