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53-546: KIAC , an abbreviation of Key Information for Air Cargo , is a computer reservations system owned and used by FedEx for booking cargo space on their freighter aircraft. It is an old IBM PO4 system and was brought to FedEx with the purchase of Flying Tigers in 1989. KIAC was initially designed as a tracking/tracing system with Unit Load Device (ULD) control and shipment movement data appended to each airbill/air waybill, but subsequently grew to include several other facets in order to remain competitive with growing automation in

106-634: A campaign against UPS and the Teamsters union, accusing its competitor of receiving a bailout in an advertising campaign called " Brown Bailout ". FedEx claimed that signing the Federal Aviation Administration re-authorization bill, which would let some of its workers unionize more easily (and, according to the Memphis-based company, "could expose [its] customers at any time to local work stoppages that interrupted

159-618: A nationwide carrier named Viking Freight Inc. But, Caliber continued to experience significant losses. Viking announced a wage freeze in July 1996 and in December said it would be eliminating 30 terminals and 1,500 jobs in a bid to reduce costs. Despite positive performances from RPS, Roberts, and Caliber Logistics in Q1 1997, Caliber announced in March it would be selling or closing a large portion of

212-513: A network of subsidiaries. These expansions have often been strategic moves to compete with its primary rival, UPS . Additionally, FedEx supports the United States Postal Service (USPS) by transporting packages through its Air Cargo Network contract. The company’s air shipping operations are centralized at its primary hub at Memphis International Airport , making it a critical hub for global logistics. The company

265-528: A package delivery service, Roadway Package System (RPS) in Pittsburgh, Pennsylvania. RPS was intended to out-compete the package delivery services of UPS by structuring itself for lower costs. By 1988, RPS covered 70% of the US from 130 terminals. In the late 1980s and early 1990s RSI experienced both expansion and contraction as it acquired the largest western US regional carrier, Viking Freight, but closed

318-456: A separate, publicly traded company. As an independent company, Roadway Express grew substantially achieving profits of US$ 21.8 million in its first year. In 2003 Roadway was acquired by Yellow Freight to form Yellow Roadway Corporation . In November 1995, Roadway Services announced it was changing its name to Caliber System , effective in January 1996 and would move its stock listing from

371-470: A single entity, FedEx Freight Inc. The unit is the parent of: FedEx Logistics provides supply chain, specialty transportation, cross border e-commerce, customs brokerage, and trade management technology and services. The division was known as FedEx Trade Networks until January 2019 and is composed of a number of FedEx acquisitions as well as the operations of former Caliber subsidiaries Caliber Logistics and Caliber Technology. Divisions include: FedEx Office

424-602: A small-package ground service; Roberts Express, an expedited shipping provider; Viking Freight, a regional, less-than-truckload freight carrier serving the Western United States; Caribbean Transportation Services, a provider of airfreight forwarding between the United States and the Caribbean; and Caliber Logistics and Caliber Technology, providers of logistics and technology services. FDX Corporation

477-487: A suspension on the company's Hong Kong operations. According to the union, some members were subject to "extremely difficult conditions" at hospitals urged by government mandates due to the COVID-19 pandemic . FedEx was criticized more broadly for providing inadequate protections and sick leave during the pandemic. On July 17, 2014, FedEx was indicted for conspiracy to distribute controlled substances in cooperation with

530-443: Is due to be replaced in the near future by a server-based system and taken off of the mainframe. It will be more user friendly by using English commands as opposed to the present three-letter acronyms. FedEx FedEx Corporation , originally known as Federal Express Corporation , is an American multinational conglomerate holding company specializing in transportation , e-commerce , and business services . The company

583-576: Is headquartered in Memphis , Tennessee . The name "FedEx" is a syllabic abbreviation of its original air division, Federal Express , which operated under this name from 1973 until 2000. FedEx is best known for its air delivery service , FedEx Express , which pioneered overnight delivery as its flagship service. Over the years, the company has expanded its operations to include FedEx Ground , FedEx Office (formerly Kinko's ), FedEx Supply Chain , FedEx Freight, and several other services through

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636-486: Is notable for containing a subliminal right-pointing arrow in the negative space between the "E" and the "X", which was achieved by designing a proprietary typeface, based on Univers and Futura , to emphasize the arrow shape. Leader believed the logo promoted FedEx as "getting from point A to point B reliably with speed and precision". In the early 2000s, the Ex was in a different color for each division and platinum for

689-553: Is rising, the shipping industry (not including USPS) in the United States is primarily dominated by UPS and FedEx; DHL is only a strong competitor to FedEx outside of the United States. Amazon , with its airline Amazon Air , its fleet of trucks, vans and ships and its worldwide staff of more than 1.4 million, plans to become the largest delivery service in the U.S. The FedEx logo is a wordmark designed in 1994 by Lindon Leader of Landor Associates, of San Francisco. It consists of Fed in purple and Ex in orange. The FedEx wordmark

742-640: Is the retail arm of the corporation offering print and photocopy services, business services including signage and marketing, and retail sales of FedEx shipping services. The unit also included FedEx SameDay City, a same-day delivery service. FedEx Office was formerly an independent company, Kinko's, until it was acquired by FedEx in 2004 and rebranded FedEx Kinko's. It was again rebranded in June 2008 becoming FedEx Office. Its divisions include: FedEx operates many different types of vehicles to deliver packages. They operate planes, trucks, vans and drones. According to

795-478: The National Rifle Association of America , which it terminated in 2018 under pressure from activists. On June 1, 2019, China filed a case against FedEx for allegedly undermining the rights of Chinese clients. The investigation stemmed from FedEx diverting Huawei packages destined for Asia to FedEx's headquarters in the United States instead without authorisation, after Huawei was added to

848-571: The federal government , its lowest total since 2008 but more than any other company in the air transport industry. The Standard Carrier Alpha Code (SCAC) is a unique code used to identify transportation companies. It is typically two to four alphabetic letters long. It was developed by the National Motor Freight Traffic Association in the 1960s to help the transportation industry for computerizing data and records. FedEx's codes include: In December 2007,

901-411: The world's busiest airports by cargo traffic . FedEx's other main competitor is the United States Postal Service (USPS), as USPS offers an overnight service (Priority Mail Express), a 2-5 day service (Priority Mail), and an economy/ground service (First Class, Parcel Select Ground). To a lesser extent in the US, FedEx competes with SF Express and DHL , and while DHL's market share in the United States

954-677: The 2018 fiscal year (effective tax rate of 0%) as a result of lobbying done by the company. A FedEx Ground facility was the site of a mass shooting in Indianapolis on April 15, 2021, causing nine deaths (including the perpetrator) and at least 6 injuries. A FedEx truck in Texas veered into the oncoming lane and collided with oncoming SUV in Texas in May 2024 causing all five people in the SUV to die. Caliber System Roadway Services Inc. (RSI)

1007-547: The Chhabra-Smoley Organization and Superior Drugs. According to the U.S. Department of Justice , "FedEx is alleged to have knowingly and intentionally conspired to distribute controlled substances and prescription drugs, including Phendimetrazine (Schedule III); Ambien , Phentermine , Diazepam , and Alprazolam (Schedule IV), to customers who had no legitimate medical need for them based on invalid prescriptions issued by doctors who were acting outside

1060-636: The FedEx website, the company has over 210,000 motorized vehicles. FedEx's primary competitor in the United States and most of its international destinations is United Parcel Service (UPS). Both companies employ generally similar strategies; both companies' largest hubs for its air delivery are in the southern United States ( Memphis for FedEx and Louisville for UPS), both offer overnight, 2-day, and ground delivery as default options, both frequently use Ted Stevens Anchorage International Airport for trans-pacific shipments, and both of their main hubs are some of

1113-642: The Nasdaq to the NYSE under the new symbol "CBB." It also rebranded Roadway Logistics and Roadway Technology to Caliber Logistics and Caliber Technology, respectively. Caliber immediately began an effort to reorganize in an attempt to decrease costs. In November it shut down RGA and sold the assets to Burlington Air Express . Caliber said it had lost US$ 103 million on the venture. In December it announced it would be consolidating its remaining trucking companies, Viking (with subsidiary Spartan), Central, and Cole's into

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1166-556: The RSI, resulted in losses of US$ 68 million for the quarter at Roadway Express. The strike at Roadway Express highlighted the division's profitability imbalance when compared to RSI's non-union carriers. At the time, Roadway Express contributed over 40% of the parent company's US$ 5 billion annual revenue but was less profitable than the other trucking units. As a result, RSI announced in August 1995 that it would spin off Roadway Express as

1219-816: The U.S. Internal Revenue Service "tentatively decided" the FedEx Ground Division might be facing a tax liability of $ 319 million for 2002, due to misclassification of its operatives as independent contractors. Reversing a 1994 decision which allowed FedEx to classify its operatives that own their own vehicles as independent contractors, the IRS audited the years 2003 to 2006, with a view to assessing whether similar misclassification of operatives had taken place. FedEx denied that any irregularities in classification had occurred, but faced legal action from operatives claiming benefits that would have accrued had they been classified as employees. In June 2009, FedEx began

1272-506: The US Entity List . FedEx later apologised for the "mistransportation". It has also been reported that FedEx refused to deliver a used Huawei phone into the US. Writers at PC Magazine tried to ship a Huawei P30 from a UK office to a US one to find it sent back a few days later. In July 2019, China accused FedEx of holding back more than 100 packages that Huawei was trying to deliver to China. Chinese regulators said that

1325-482: The US and Canada and residential locations in Canada. Its services are cheaper than the time-definite services offered by FedEx Express. The company was formerly Roadway Package System (RPS), a division of Caliber System. The unit also includes: FedEx Freight is the largest less-than-truckload (LTL) freight carrier in the US, reporting US$ 8.9 billion in revenue for 2021, and operates LTL and other freight services in

1378-630: The US and Canada. The unit was formed in 2002 when FedEx bought regional US LTL carrier American Freightways (AF) and established FedEx Freight as a parent company for AF, renamed FedEx Freight East, and FedEx's existing regional LTL subsidiary, Viking Freight, renamed FedEx Freight West. Viking had been a Caliber subsidiary when Caliber was acquired by FedEx in 1998. FedEx bought Lakeland, Florida-based national LTL carrier Watkins Motor Lines in 2006 and renamed it FedEx National LTL. All three operated as an independent subsidiaries of FedEx Freight until January 2010 when they were merged with their parent to form

1431-467: The company committed "violations" when it diverted Huawei parcels. In December 2019, CNBC listed FedEx along with 378 additional Fortune 500 companies that "paid an effective federal tax rate of 0% or less" as a result of the Tax Cuts and Jobs Act of 2017 . The New York Times reported that FedEx paid $ 1.5 billion in taxes after the 2017 fiscal year (effective tax rate of 34%) and then $ 0 after

1484-422: The eastern operations of Viking leaving it as a west coast-focused carrier. Caliber reported Viking had seen losses of around US$ 127 million after having been unable to bring Viking to profitability since merging its smaller, regional carriers into a nationwide offering. The cuts were expected to include 4,000 jobs and 83 terminals in the eastern, southern, and central US. These areas had been primarily served by

1537-563: The first customer to take delivery of GM's electric Zevo delivery vans , as part of the goal of an all-electric ground fleet by 2040. According to OpenSecrets , FedEx Corp is the 174th largest campaign contributor in the United States, having donated over $ 35.96 million to federal candidates and committees since 1990, 37% of which went to Democrats and 63% to Republicans. Strong ties to the White House and members of Congress allow access to international trade and tax cut rebates as well as

1590-569: The flow of their time-sensitive, high-value shipments"), was equivalent to giving UPS a "bailout". Independent observers heavily criticized FedEx's wording, claiming that it was "an abuse of the term". FedEx Express employees are regulated under the Railway Labor Act . In July 2020, the Air Line Pilots Association International (ALPA), the union that represents FedEx Corp pilots, called for

1643-482: The following main operating units: FedEx Express is the company's original overnight courier services, providing next day air service within the US and time-definite international service. It operates one of the largest civil aircraft fleets in the world, has the largest fleet of wide bodied civil aircraft, and carries more freight than any other airline. Included in this unit are: FedEx Ground provides day-definite mail and package delivery to commercial locations in

KIAC - Misplaced Pages Continue

1696-407: The former Coles and Spartan subsidiaries. In June 1997, Caliber sold the assets that had formerly comprised Central to an investment group led by former Central leadership backed by trucking magnate and Swift Transportation co-founder Jerry Moyes . It was re-incorporated as Central Freight Lines and continued as an independent regional LTL carrier. In January 1998, Caliber System was acquired by

1749-416: The indictment but also did not say why. Safe streets activists have criticized FedEx, along with other parcel delivery services, for frequently illegally parking their vehicles in bike lanes while making deliveries, a practice that endangers cyclists. They were criticized alongside peers in a letter from Washington, D.C.'s transportation agency in 2018. FedEx was criticized for its partnership with

1802-547: The industry. Flying Tigers played a major role in the development and implementation of interfaces with Customs systems worldwide, and with many other aspects of developments in the airline cargo world through its participation in IATA and ATA. KIAC is supported by the company's KIAC System Support Group (KSSG) based in Los Angeles . Mainframe support is operated by Network Operations Control (NOC) in Memphis, Tennessee . KIAC

1855-531: The launch of FedEx Cares, a global giving platform, and committed to invest $ 200 million to strengthen more than 200 communities by 2020. In March 2018, FedEx announced the acquisition of P2P Mailing Limited, a last-mile delivery service, for £92 million to expand their portfolio. In June 2019, FedEx announced they would not be renewing their $ 850 million contract with Amazon for the company's U.S. domestic express delivery business. Amazon accounted for 1.3 percent of 2018 revenues. In August 2019, FedEx announced

1908-413: The mean population center of the country and for its placid weather. The company grew rapidly, and by 1983 had a billion dollars in revenue, a rarity for a startup company that had never taken part in mergers or acquisitions in its first decade. It expanded to Europe and Asia in 1984. In 1988, it acquired one of its major competitors, Flying Tiger Line , creating the largest full-service cargo airline in

1961-550: The newly formed FDX Corp., now FedEx Corp, a company formed by Federal Express to serve as a holding company for its express business and its new, Caliber subsidiaries. Following the acquisition, former Caliber subsidiary Roadway Express ( Nasdaq :  ROAD ) took Caliber's place on the Dow Jones Transportation Average. In the years prior to its acquisition by FedEx, Caliber had already spun off, sold, or shut down several major subsidiaries: At

2014-604: The overall corporation use. However, in August 2016, FedEx announced that all operating units would adopt the purple and orange color logo over the next five years (the same as the original FedEx logo, and later used by FedEx Express). For the Cast Away film, FedEx provided access to their facilities (Memphis, Los Angeles, and Moscow) as well as airplanes, trucks, uniforms, and logistical support. A team of FedEx marketers oversaw production through more than two years of filming. FedEx CEO Fred Smith made an appearance as himself for

2067-482: The rules of the business practices of the United States Postal Service . In 2001, FedEx sealed a $ 9 billion deal with the USPS to transport all of the post office's overnight and express deliveries. In 2005, FedEx was among 53 entities that contributed the maximum of $ 250,000 to sponsor the second inauguration of President George W. Bush . During the 2018 calendar year, FedEx spent nearly $ 10.2 million lobbying

2120-527: The scene where Chuck is welcomed back, which was filmed on location at FedEx's home facilities in Memphis, Tennessee. The idea of a story based on a FedEx plane crashing gave the company "a heart attack at first," but the overall story was seen as positive. FedEx, which paid no money for product placement in the film, saw an increase in brand awareness in Asia and Europe following the film's release. The firm

2173-413: The termination of ground deliveries for Amazon as well. In December 2020, FedEx acquired ShopRunner, an e-commerce platform. On March 29, 2022, founder Frederick W. Smith announced he would be retiring as CEO and become executive chairman effective June 1, 2022. The company named Raj Subramaniam , FedEx's current president and COO, as Smith's successor. FedEx Corporation divides its business into

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2226-493: The unprofitable Nationwide Carriers in 1989. In 1990, Viking subsidiary VFS Transportation was closed and Spartan was absorbed into Viking, operating as a subsidiary. At the same time Roadway Express continued its expansion with services to Europe in 1991 and a number of Pacific Rim ports soon after. Also in 1991, RSI replaced Pan Am Corp. on the Dow Jones Transportation Average . At the time, RSI

2279-469: The usual course of professional practice." A representative for the company contested these claims, stating that it would violate personal rights of customers to deny service and that "We are a transportation company—we are not law enforcement". On July 17, 2016 the Department of Justice U.S. Attorney's Office confirmed in a statement that it had asked U.S. District Court Judge Charles Breyer to dismiss

2332-512: The world. In 1994, Federal Express shortened its name to "FedEx" for marketing purposes, officially adopting a nickname that had been used for years. On October 2, 1997, FedEx reorganized as a holding company, FDX Corporation , a Delaware corporation . The new holding company began operations in January 1998, with the acquisition of Caliber System Inc. by Federal Express. With the purchase of Caliber, FedEx started offering other services besides express shipping. Caliber subsidiaries included RPS,

2385-502: Was created in 1982 as a holding company by national less than truckload (LTL) carrier Roadway Express . Roadway Express was initially RSI's only subsidiary but in 1984 the company acquired short-haul carrier Spartan Express Inc., then specialized truckload carrier Nationwide Carriers Inc., and finally in 1984, it purchased Roberts Express, a same-day critical trucking company, from Emery Air Freight . With both truckload and LTL services available via its subsidiaries, in 1985 RSI founded

2438-521: Was formed to centralize the sales, marketing, and customer service for all of the subsidiaries. In February 2000, FedEx acquired Tower Group International, an international logistics company. FedEx also acquired WorldTariff, a customs duty and tax information company; TowerGroup and WorldTariff were re-branded to form FedEx Trade Networks. FedEx Corp. acquired privately held Kinko's, Inc. in February 2004 and re-branded it FedEx Kinko's. The acquisition

2491-543: Was founded in Little Rock, Arkansas in 1971 as Federal Express Corporation by Frederick W. Smith , a graduate of Yale University . He drew up the company's concept in a term paper at Yale, in which he called for a system specifically designed for urgent deliveries. While his professor didn't think much of the idea, Smith pressed on. He began formal operations in 1973, when he moved operations to Memphis . Smith said he chose Memphis International Airport for being near

2544-484: Was founded to oversee all of the operations of those companies and its original air division, Federal Express. In January 2000, FDX Corporation changed its name to FedEx Corporation and re-branded all of its subsidiaries. Federal Express became FedEx Express, RPS became FedEx Ground , Roberts Express became FedEx Custom Critical, and Caliber Logistics and Caliber Technology were combined to comprise FedEx Global Logistics. A new subsidiary, called FedEx Corporate Services,

2597-707: Was made to expand FedEx's retail access to the general public. After the acquisition, all FedEx Kinko's locations offered only FedEx shipping. In June 2008, FedEx announced that they would be dropping the Kinko's name from their ship centers; FedEx Kinko's would now be called FedEx Office . In September 2004, FedEx acquired Parcel Direct, a parcel consolidator, and re-branded it FedEx SmartPost. In April 2015, FedEx acquired their rival firm TNT Express for €4.4 billion ($ 4.8 billion; £3.2 billion) as it looked to expand their operations in Europe. In February 2016, FedEx announced

2650-567: Was named by Fortune magazine as one of the top 100 companies to work for in 2013, citing the company's choice to downsize with voluntary buyouts rather than involuntary layoffs. As of April 2022 , the FedEx Corporation board of directors is: For the fiscal year 2020, FedEx reported earnings of US$ 1.286 billion, with an annual revenue of US$ 69.217 billion, a decline of 0.7% over the previous fiscal cycle. FedEx's shares traded at over $ 273 per share, and its market capitalization

2703-605: Was the third-largest motor freight carrier in the US. In 1993, RSI acquired Southwest regional LTL carrier Central Freight Lines which it placed in its Roadway Regional Group along with Viking in the West, Viking subsidiary Spartan in the central and southern US and Cole's Express in New England. RSI also expanded into air freight with its 1993 founding of Roadway Global Air (RGA) based in Indianapolis. While RSI's smaller regional carriers were all non-union, Roadway Express

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2756-580: Was unionized and in April 1994 it was impacted by a nationwide strike of the Teamsters Union . The strike was the result of a breakdown in negotiations between the Teamsters and Trucking Management Inc., a negotiating group which represented 23 large trucking companies including Roadway Express, Consolidated Freightways , and Yellow Freight . In the end, the strike lasted 24 days and, according to

2809-459: Was valued at over US$ 2,459 billion in December 2020. FedEx ranked No. 50 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. In early March 2021, FedEx announced plans to make its operations carbon-neutral by 2040. It's investing $ 2 billion in sustainable energy initiatives, including $ 100M for a new Yale Center for Natural Carbon Capture and upgrading its aircraft and ground transportation fleets. It will be

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