![]() ![]() Federal Express began to market itself as "the freight service company with 550-mile-per-hour delivery trucks". Services included both overnight and two-day package and envelope delivery services, as well as Courier Pak. Fred Smith's childhood friend, John Fry of Ardent Studios, sent Ardent partner Terry Manning to the Federal Express home office on Democrat Road near the Memphis Airport with the first package to be put into the system. The company started overnight operations on April 17, 1973, with fourteen Dassault Falcon 20s that connected twenty-five cities in the United States. ![]() First FedEx Express aircraft, a Dassault Falcon 20 named Wendy, on display at Steven F. After a lack of support from Little Rock National Airport, Smith moved the company to Memphis, Tennessee and Memphis International Airport in 1973. in Little Rock, Arkansas, where Smith was operating Little Rock Airmotive. Smith founded Federal Express Corporation in 1971 with $4 million from his inheritance and $91 million in venture capital. For years it has been misreported that the professor teaching the course gave the paper the grade of "C", but Fred clarified in a 2004 interview that the grade is not known and the reports of a "C" grade were due to his response to a reporter who asked him what grade he received and his reply was, "I don't know, probably made my usual C." Despite the professor's opinion, Smith held on to the idea. To ensure accurate sorting and dispatching of every item of freight, the carrier would fly it from all of its pickup stations to a central clearinghouse, from where the entire operation would be controlled. In his paper, Smith proposed a new concept-have one carrier be responsible for a piece of cargo from local pick-up right through to ultimate delivery, operating its own aircraft, depots, posting stations, and delivery vans. Its system depended on cooperation between companies, as interlining was often necessary to get a consignment from point A to point B, and the industry relied heavily on cargo forwarders to fill hold space and perform doorstep deliveries. air cargo industry was highly unsuited to the role. air cargo system was so inflexible and bound by regulations at that time that it was completely incapable of making sufficiently fast deliveries. Smith felt that the necessary delivery speed could only be achieved by using air transport. He argued that the consumer society was becoming increasingly hungry for mass-produced electronic items, but the decentralizing effect induced by these very devices gave manufacturers tremendous logistic problems in delivering the items. For an economics class, he submitted a paper which argued that in modern technological society time meant money more than ever before and with the advent of miniaturized electronic circuitry, very small components had become extremely valuable. The concept for what became Federal Express came to Fred Smith in the mid-1960s, while an undergraduate student at Yale. The Boeing 727s remained the backbone of the fleet until the mid-2000s. History Early history A Federal Express Boeing 727-100F, with several other 727s in the background. ![]() The company slogan is "The World On Time". There are a total of 13 air hubs in the company's worldwide network. International regional hubs are located at Cologne Bonn Airport, Dubai International Airport, Guangzhou Baiyun International Airport, Kempegowda International Airport, Liège Airport, Milan Malpensa Airport, Kansai International Airport, Charles de Gaulle Airport, Incheon International Airport, Shanghai Pudong International Airport, Singapore Changi Airport, Toronto Pearson International Airport and Narita International Airport. Regional hubs are located at Ted Stevens Anchorage International Airport, Fort Worth Alliance Airport, Piedmont Triad International Airport, Miami International Airport, Newark Liberty International Airport, Oakland International Airport and Ontario International Airport. In the United States, FedEx Express has a national hub at Indianapolis International Airport. Its headquarters are in Memphis with its global "SuperHub" located at Memphis International Airport. FedEx Express is also the world's largest express transportation company. It is the namesake and leading subsidiary of FedEx Corporation, delivering freight and packages to more than 375 destinations over 220 countries across six continents each day. As of 2023, it is the world's largest cargo airline in terms of fleet size and freight tons flown. June 18, 1971 52 years ago ( ) (as Federal Express)įedEx Express is a major American cargo airline based in Memphis, Tennessee, United States. Not to be confused with the Philippine Basketball Association team that played under the "FedEx Express" name, later known as Barako Bull Energy. ![]()
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