FedEx Corporation is an American courier delivery services company headquartered in Memphis, Tennessee and was founded in 1973. The name "FedEx" is an abbreviation for Federal Express, which was used from 1973 until 2000. In 2000 the name was then changed to FedEx Express. The company is known for its overnight shipping service, and they also started the tracking system. They were the first company that was able to track a package and provide delivery updates. This system is now being used by all other courier companies.
It is believed that FedEx Express’s main competition right now is with Amazon. Amazon is taking things to the next level and producing drones that are going to be able to deliver packages hours after they have been ordered. To remain up to speed with the competition FedEx Express would like to build some drones and see if they can produce at a level with Amazon. The problem with the drones is that they can only deliver 10 miles from where they start which gives FedEx Express the advantage because they can ship from anywhere whereas Amazon can only ship from their warehouses. In order to try this I think that FedEx Express will need $100 Million. This would obviously have to be a …show more content…
FedEx Corp. posted $3 billion in consolidated net profit for fiscal 2017, up 64.7% from the company’s $1.8 billion net profit in fiscal 2016. The inclusion of TNT Express was just one of the reasons for the increase in profits. They also say that higher base rates, increased volume, and continued cost management played big parts in the increase as well. Fed Ex Express’s leverage ratio is on the higher side of the scale. It is at 2.08% but has gone down from 2.22% within the last year. FedEx Express has proven that they are a very profitable business and are making all the right decision to keep moving forward to only increase their
It is believed that FedEx Express’s main competition right now is with Amazon. Amazon is taking things to the next level and producing drones that are going to be able to deliver packages hours after they have been ordered. To remain up to speed with the competition FedEx Express would like to build some drones and see if they can produce at a level with Amazon. The problem with the drones is that they can only deliver 10 miles from where they start which gives FedEx Express the advantage because they can ship from anywhere whereas Amazon can only ship from their warehouses. In order to try this I think that FedEx Express will need $100 Million. This would obviously have to be a …show more content…
FedEx Corp. posted $3 billion in consolidated net profit for fiscal 2017, up 64.7% from the company’s $1.8 billion net profit in fiscal 2016. The inclusion of TNT Express was just one of the reasons for the increase in profits. They also say that higher base rates, increased volume, and continued cost management played big parts in the increase as well. Fed Ex Express’s leverage ratio is on the higher side of the scale. It is at 2.08% but has gone down from 2.22% within the last year. FedEx Express has proven that they are a very profitable business and are making all the right decision to keep moving forward to only increase their