FedEx

FedEx

Brief Overview of the Company

This industry which is a modern ground/air express industry was said to be incepted as federal Express in the year of 1971 and it was developed as a corporation in the year of 1998 and was named as FDX Corporation which was later rendered to FedEx Corporation in the beginning of 2000. The headquarters of FedEx is in Memphis Tennessee.

Based on the fiscal year of 2012, the revenue that FedEx has generated is $42.7 billion. FedEx is currently said to have a workforce of around 300,000 employees at a worldwide level. When it comes to the average daily volume in terms of shipment it is said to be more than 9 million when it comes to expedited delivery services, freight and express. The service area that is covered is 220 territories and countries in totality which is also said to entail every FedEx point in the United States (www.answers.com). When it comes to the online traffic, FedEx is said to have 32 million online visitors on monthly basis whereby there are 6.5 million tracking requests of packages on a daily basis and 20 million labels which are said to be generated via the FedEx shipping manager on a monthly basis.

When it comes to the operating facilities of the company they are:

1.Office: Approximately 1,800 locations

2.Freight: Nearly 355 service centers

3.Ground: 500 pickup/delivery terminals as well as 33 ground hubs

4.Express: 10 air express hubs and 1,173 stations;

The total air operations sum up to 666 aircrafts whereby there are 375 airports at a worldwide level. When it comes to the ground fleet there are a total of ninety thousand motorized vehicles for not only delivery services but also for freight, ground and express.

The drop off locations includes:

1.FedEx Drop Boxes ranging up to 36,160

2.6,400 Alliance Partners and Authorized Ship Centers

3.Office locations ranging up to 1,760

4.World Service Centers ranging up to 680

The rewards that the company has attained because of effective and efficient strategic management process are:

1. It was rated on number 12 when it comes to the listing of 50 most Community-Minded Companies by the Bloomberg business week in the year of 2012

2. It was rated as number six in the fortune magazine when it comes to the most admired companies in the world in the year of 2012

3. It was rated amongst top 40 companies that were termed as the best in terms of diversity in the year of 2012 by the black enterprise.

4. In the year of 2011, FedEx was termed as small Parcel Carrier of the Year by Wal-Mart

5. In the year of 2010, FedEx was termed as one of the best places to work at in the fortune magazine (www.ups.com)

Goals of FedEx

It is based on the accomplishment of current goals and objectives that the company has been able to win so many recognitions in the past two years and is said to be one of the reliable carriers. The goals of FedEx are:

1. Access and Economic: FedEx's digital and physical networks facilitate the company ...