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June 03, 2015 12:08 AM ET

Air Freight and Logistics

Company Overview of Federal Express Corporation (US)

Company Overview

Federal Express Corporation provides various shipping services for the delivery of packages and freight in the United States and internationally. It offers overnight package delivery services, including FedEx First Overnight, FedEx Priority Overnight, and FedEx Standard Overnight services; and FedEx SameDay services for urgent shipments up to 70 pounds to destinations in the United States. The company also provides express overnight and deferred freight services to handle the needs of the global freight market; international express and deferred freight services; FedEx One Rate, a predictable flat rate shipping option that is calculated based on the packaging type, service selected, and dest...

3610 Hacks Cross Road

Memphis, TN 38125

United States

112,000 Employees

Phone:

901-369-3600

Key Executives for Federal Express Corporation (US)

Chief Financial Officer
Senior Vice President of European Operations and Chief Executive Officer of Fedex UK
Regional President of Fedex Asia Pacific
Age: 53
President of Middle East, Indian Subcontinent and Africa Region
Managing Director of Sales for South-East Asia, Australia and New Zealand
Compensation as of Fiscal Year 2014.

Federal Express Corporation (US) Key Developments

Fedex Express Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

FedEx Express reported unaudited earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported revenue of $6.656 million compared with $6.674 million for the same period last year. Operating income was $0.384 million compared with $0.168 million for the same period last year. Revenue was essentially flat, as lower fuel surcharges and unfavorable currency exchange rates more than offset volume and base yield growth. U.S. domestic package volume grew by 4%, including 5% growth in overnight box. Operating results were higher as increased base revenue, a significant net benefit from fuel and a lower year-over-year weather impact all contributed to the quarter. For the nine months, the company reported revenue of $20.542 million compared with $20.123 million for the same period last year. Operating income was $1.237 million compared with $0.798 million for the same period last year.

FedEx Express Appoints David Ross as President of its New Middle East, Indian Subcontinent and Africa Region

FedEx Express announced that it has appointed David Ross as president of its new Middle East, Indian Subcontinent and Africa Region (MEIA) region. Ross will lead the region from Dubai. Ross, who joined Fed Ex Express in 1992, has spent over thirty years in the global logistics industry and has held a number of executive level positions. Ross most recently served as senior vice president for MEIA Operations under the former Europe, Middle East and Africa (EMEA) region.

FedEx Express Reports Earnings Results for the Second Quarter Ended November 30, 2014

FedEx Express reported earnings results for the second quarter ended November 30, 2014. For the quarter, the company reported revenue of $7.02 billion, up 3% from last year’s $6.84 billion. Operating income of $484 million, up 36% from $357 million a year ago. Operating margin of 6.9%, up from 5.2% the previous year. Revenue increased due to higher U.S. domestic package volume and international export package base revenue, partially offset by lower fuel surcharges and exchange rates. U.S. domestic package volume grew by 7%, including a 10% increase in U.S. overnight box. U.S. domestic revenue per package declined 2% due to decreased fuel surcharges and lower weight. Operating results improved due primarily to U.S. domestic and international export package revenue growth, cost management related to profit improvement programs, lower pension expense and a slight net benefit from fuel. These improvements were partially offset by the timing of higher aircraft maintenance expense. The year over year increase in aircraft maintenance expense is expected to subside beginning in the fourth fiscal quarter.

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