Careers at FedEx
FedEx provides a range of package delivery and supply chain solutions, with a view to providing efficient and reliable logistics services to residential, commercial, industrial, and institutional customers.
FedEx organises its activities into five reportable business segments:
- FedEx Express, comprising the operations of FedEx Express Corporation, which provides international time-definite delivery services, supply chain solutions, and enablement technology and solutions through its various operating units;
- TNT Express, comprising the activities of TNT Express BV, which provides international express transportation, small package ground delivery, and freight transportation services, primarily serving business-to-business customers;
- FedEx Ground, comprising the operations of FedEx Ground Package System Inc, which provides small package ground delivery services to business and residential customers across the US and Canada;
- FedEx Freight, comprising the operations of FedEx Freight Inc, which provides freight services across all lengths of haul to customers across the US, Canada, Mexico, Puerto Rico, and the US Virgin Islands; and
- FedEx Services, comprising the activities of FedEx Corporate Services Inc, which provides sales, marketing, information technology, communications and back-office functions that support the operations of the other FedEx companies.
FedEx was founded in 1971 by Frederick Smith (“Smith”). Following a short spell in the military, Smith acquired a controlling stake in Arkansas Aviation Sales. He quickly noticed how difficult it was to deliver packages and air freight reliably in a short space of time. He set up FedEx in response to this problem, originally naming the Company Federal Express.
FedEx began launched its operations in 1973, with a team of 389 staff members and a small fleet of aircraft. In its first night of operations, the Company delivered 186 packages to 25 US cities. The Company did not generate a profit for a number of years, but quickly established itself as a reliable and efficient carrier of high-priority goods.
FedEx has since established itself as one of the world’s leading package delivery and supply chain solutions providers, delivering goods to more than 220 countries worldwide. Today, the Company employs a global workforce of more than 160,000, and has facilities across the US, Asia, and Europe. It is ranked 58th on the Fortune 500 list and 260th on the Forbes Global 2000 list.
FedEx trades its shares on the New York Stock Exchange and has a market capitalisation of $42.58 billion.
Business model of FedEx
FedEx provides a range of delivery, distribution, and supply chain services to customers worldwide. The Company’s customers can be categorised as follows:
- Residential Customers, comprising general consumers to which the Company provides consumer-to-consumer package delivery services;
- Commercial Customers, comprising small, medium and large businesses – across multiple business sectors – to which the Company provides business-to-business and business-to-consumer package delivery and distribution services, as well as commercial supply chain solutions; and
- Government and Public Customers, in particular certain US Government agencies, to which the Company provides secure delivery and logistics solutions.
FedEx principally serves its domestic US market, which accounts for the largest portion of the Company’s revenue. The Company, however, has a global reach, providing package delivery services to customers across more than 220 countries and territories worldwide.
FedEx provides value to its customers in the following ways:
- Its brand recognition and industry standing, with the Company having one of the most recognisable and respected brand names in its industry;
- Its track record of providing reliable and efficient services, with the Company established as a provider of fast, on-time package delivery services, and effective supply chain solutions to customers over its many years of operation;
- Its global reach, with the Company making deliveries to business and residential customers across more than 220 countries and territories worldwide;
- Its range of delivery and supply chain solutions, with the Company providing a suite of services and solutions to general consumers, as well as to businesses across multiple sectors, to which it provides tailored solutions; and
- Its technology infrastructure, with the Company employing state-of-the-art supply chain technologies in order to provide the most efficient service possible to its customers.
FedEx operates a website atwww.fedex.com, through which it provides information on its various products and services, as well as its rates and locations. The Company operates an online sales channel, which allows customers to make purchases and manage their bills and accounts. FedEx also provides mobile applications for iOS and Android platforms, which offer similar functionality.
Much of FedEx’s products and services are provided directly by members of FedEx staff – including customer service representatives, package handlers, and couriers – through the Company’s multi-channel network. The Company operates numerous FedEx Office locations, drop-off points, and national and international sorting facilities, as well as FedEx Drop Boxes in office buildings, shopping centres and corporate or industrial parks. FedEx Trade Networks also provides services via 136 offices in 120 service locations throughout North America and in Africa, Asia-Pacific, Europe, India, Latin America and the Middle East.
FedEx operates its own transportation fleets and infrastructure, including 643 aircraft and approximately 57,000 ground vehicles, through which it makes deliveries. The Company also employs independent agents in certain locations that are authorised to complete deliveries and pick up packages on the Company’s behalf.
FedEx provides a range of services to customers on a self-service basis through its online and mobile channels. Customers are able to make purchases, manage accounts, track deliveries, pay bills, and access printing services without interacting directly with members of the Company’s sales teams.
FedEx also serves customers directly through its multi-channel service network, through which customers can receive a more personalised service. The Company works closely with many of its commercial customers, seeking to establish long-term relationships, particularly with regard to supply chain solutions.
FedEx provides ongoing support services to its customers. It offers a range of online resources, including shipping information, FAQs, and service guides, through its website. Customers are also able to contact the Company’s support teams directly across it multiple businesses, either over the phone or via email, receiving personalised responses to enquiries and concerns.
Customers are also able to interact directly with the Company, and stay up to date with company developments, through its social media accounts, including with Facebook, Twitter, LinkedIn and YouTube.
FedEx is an international package delivery, logistics, and supply chains solutions provider.
The Company's activities are divided into five operating segments: FedEx Express, which offers a range of the US domestic and international shipping services for delivery of packages and freight; TNT Express, which collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis; FedEx Ground, which provides business and residential ground package delivery services; FedEx Freight, which provides less-than-truckload freight services; and FedEx Services, which provides sales, marketing, information technology, communications, customer service and other back-office support to other FedEx companies.
FedEx collaborates with various companies and organisations throughout the process of delivering its logistics and supply chains services. These partners include:
- Supplier and Vendor Partners, comprising various suppliers of tools, technology, and services that support the Company’s core package delivery and supply chain services;
- Distribution and Channel Partners, comprising independent delivery agents that provide services on the Company’s behalf, and third-party retailers that operated FedEx drop-off points; and
- Strategic and Alliance Partners, comprising a range of companies across multiple sectors, with which the Company shares resources and collaborates on joint projects.
FedEx recently launched a partnership with eBay to provide consumers with an accessible means of selling unwanted items. The Company has also launched partnerships with Cardinal Health to deliver healthcare and medical packages, and with Webster University under which FedEx team members and affiliates can access reduced tuition rates.
FedEx’s key resources are its physical service infrastructure – including offices, service centres, and sorting facilities; its fleet of air and ground vehicles, its IT and communications infrastructure, its licensed and proprietary technologies, its partnerships, and its personnel.
FedEx owns and operates a range of physical assets that are key to its operations, including a domestic network of service centres, as well as sorting facilities across the US, China, Paris, Germany, and Japan. It also has a fleet of 643 aircraft and approximately 57,000 ground vehicles.
Searches of records published by the US Patent and Trademark Office identified nine patent application filed in the name of FedEx or its companies, including applications entitled ‘Association management in a wireless node network’, ‘Magnetically altered operations of a node in a wireless node network’ and ‘Tension gauge apparatus and systems and methods for measuring belt tension’.
FedEx incurs costs in relation to the operation and maintenance of its physical operational infrastructure, the maintenance and operation of its delivery fleet – including the purchase of fuel, the maintenance of its IT and communications infrastructure, the management of its partnerships, and the retention of its personnel.
For the year ended 31st May 2016 the Company paid $18.58 billion in compensation and benefits to its workforce of 115,000 permanent full-time and approximately 53,000 permanent part-time employees, the Company’s largest expense for the year. The Company also accrued significant purchased transportation fees amounting to $9.97 billion, as well as fuel costs in the amount of $2.40 billion, and maintenance costs in the amount of $2.11 billion.
FedEx generates revenue through various charges and fees associated with its package delivery and freight services, as well as fees collected in relation to the provision of its commercial trade and supply chain solutions.
For the year ending 31st May 2016, FedEx generated revenue totalling $50.37 billion, up on the $47.45 billion recorded by the Company the previous year. The Company attributed this 6% rise in revenue to growth within the FedEx Ground segment, as well as the inclusion of the GENCO Distribution Systems unit revenue for a full year.
More than half of the Company’s revenue for the year was derived from its supply chain solutions, and the operations of FedEx Trade Networks, which generated a combined $26.45 billion. The Company’s package delivery services accounted for the majority of the remaining revenue, amounting to $21.07 billion for the year.
info: Smith serves as Chairman, President, and Chief Executive Officer at FedEx. He has been a member of the Company’s senior leaderships team since founding the Company in 1971. He set up the Company following a short stint in the US Military. Smith is an established name within the US business community, and has held a number of positions at advisory and non-profit organisations. This includes positions on the Energy Security Leadership Council, the United States Council for International Business, the Business Roundtable, the US-China Business Council, and the French-American Business Council.
info: Alan (“Graf”) has served as Executive Vice President and Chief Financial Officer of FedEx since 1998. Graf first joined the Company in 1980 as a senior financial analyst. He has since held numerous senior leaderships positions within the Company, with a particular focus on financial and operational matters. Prior to assuming his current role, he served in roles including Executive Vice President and Chief Financial Officer of FedEx Express, and Vice President and Treasurer of FedEx Express.
info: Robert (“Carter”) has served as Executive Vice President of FedEx Information Services and Chief Information Officer since 2007. He is also Co-Chief Executive Officer of FedEx Corporate Services. Carter joined FedEx in 1993 as Managing Director of Systems Development for Federal Express. He has since held a number of senior executive positions, including spells as Corporate Vice President and Chief Technology Officer and Vice President of Corporate Systems Development at Federal Express. Prior to joining FedEx, Carter worked for more than 13 years at GTE Corporation, where he held various positions including Director of Systems Development. Carter is also a former director of Saks Fifth Avenue.
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