Standing as the world’s largest express transportation company, FedEx Express commits to providing fast and reliable delivery to more than 220 countries and territories. In general, FedEx’s revenue is generated from a broad range of transportation, e-commerce, and business services, which can be clubbed under three segments – FedEx Express, FedEx Ground, And FedEx Freight. So, how is FedEx’s business performance over the recent years? Which specific actions have FedEx’s management board taken to weather those business storms? Let’s read on to uncover! FedEx: An Overview of Its Business Model Increasing competition pressures together with grave economic situations, especially within the past COVID-19 pandemic, have presented several challenges for such a shipping giant. Nevertheless, its growth trajectory is by no means a straightforward path. Best known for disrupting the parcel delivery business by introducing overnight service, this global transportation, and logistics company has become a household name, being continuously named one of the top ten of America’s Most Admired Companies by Fortune magazine.
From the humble beginnings, FedEx – also referred to as Federal Express -has literally revolutionized the way global business practices are conducted and now defines speed and reliability.