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. The company slogan is 'The World On Time'.Ī Federal Express Boeing 727-100F, with several other 727s in the background. 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, Liège Airport, Milan Malpensa Airport, Kansai International Airport, Charles de Gaulle Airport, Incheon International Airport, Shanghai Pudong International Airport, Singapore Changi Airport and Toronto Pearson 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 2020, it is one of the world's largest airlines in terms of fleet size and freight tons flown. June 18, 1971 51 years ago ( ) (as Federal Express)įedEx Express, a subsidiary of FedEx Corporation, 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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