Why is fedex headquarters in memphis

Its global reach has continued to expand into what is now an unsurpassed network, delivering to customers in more than countries and territories. With an eye on the future, Federal Express built on its express delivery service to create a more diversified corporation of different but related businesses. Originally called FDX Corp. In January , FedEx unleashed the power of its global brand. In addition:. The move started the process of transforming its technology and delivery services into a portfolio of shipping and business solutions.

In the next three years, FedEx expanded access to U. The acquisition complemented a FedEx alliance with the U. Postal Service, providing customers in the e-commerce and catalog segments with a proven, cost-effective solution for low-weight, less time-sensitive residential shipments.

With 95 percent of world consumers living outside U. In February , FedEx acquired TowerGroup International, a leader in international logistics and trade information technology. One key to that has been the acquisition of numerous transportation companies that allow us to directly serve specific markets and provide better service to our customers. As e-commerce expands and the world becomes more connected, businesses need new ways to navigate the ever-changing complexities of the marketplace.

To make it easier for customers to tap our deep industry expertise in specialty logistics, supply chain and e-commerce, FedEx brought together several of our companies and capabilities to form a new operating company. FedEx Logistics is a provider of comprehensive supply chain solutions, specialty transportation, cross border e-commerce technology services, customs brokerage, and trade management tools and data. As the world we live in continues to change, so does FedEx.

With that in mind, you can be sure the spirit of FedEx innovation is hard at work delivering a brighter, better future for the world. Go to the FedEx Corporate Brochure to see how FedEx comes together to connect the world — serving our customers, our communities and our team members. Smith wrote a term paper about the passenger route systems used by most airfreight shippers, which he viewed as economically inadequate. Smith explained the need for shippers to have a system designed specifically for airfreight that could accommodate time-sensitive shipments such as medicine, computer parts, and electronics.

A few years later, his term paper came to life when the company he started, Federal Express, incorporated in June It officially began operations on April 17, , with the launch of 14 small aircraft from Memphis International Airport. On that night, they delivered packages to 25 U. Another factor was the Memphis weather, which rarely caused closures at Memphis International Airport. The airport was also willing to make the necessary improvements for the operation and had additional hangar space readily available.

In the mids, Federal Express took a leading role in lobbying for air cargo deregulation. In a hour period, the fleet travels nearly , miles, while its carriers log 2. The company matured during the first half of the s as its growth rate compounded at an annual clip of around 40 percent.

The following year, Federal Express began its first regularly scheduled flight to Europe. In , the company initiated direct-scheduled cargo service to Japan and acquired Tiger International Inc.

A acquisition from Evergreen International Airlines provided authority to serve China — and made the growing company the sole U. The second evolution came in when the company was renamed FedEx Express to reflect its position in the overall FedEx Corp. This also signified the expanding breadth of the service offerings specific to FedEx Express, as well as further positioning FedEx as an express carrier. FedEx Express has continued to evolve and expand over the course of the first decades of the 21st century.

In , it introduced fuel-efficient Boeing freighters to its fleet and began using them on a new cargo service route between Memphis and Washington, D. It took a similar step in when it added Boeing F planes to its fleet.

A FedEx spokesperson provided the following statement:. Mueller Industries previously called Tournament Drive home before it relocated to Schilling Farms in Collierville. But, this wasn't the only permit recently filed for FedEx. FedEx is listed as the owner on the permit. Its impact on the economy of Memphis and surrounding counties cannot be overemphasized. FedEx itself employed over 26, at its Memphis operations and 30, total statewide. Its many late-night flights have made Memphis one of the busiest airports in the nation.

All Rights Reserved. Functionality and information are in compliance with guidelines established by the American Association for State and Local History for online state and regional encyclopedias. It currently employs people there. City and county officials have said Electrolux plans to repay local property taxes.

Incentives for FedEx Logistics have not been completed, Lee said. There will be accountability provisions within the incentives package "to make certain that taxpayers know what they're getting," the Republican governor said. Memphis Mayor Jim Strickland, who was critical of the move by Electrolux and is running for re-election, said FedEx "always does it right.

Once a fixture in the Beale Street entertainment area, Gibson said in December that it was moving production to Nashville. The guitar maker appears to have already vacated much of the building.