FedEx Sales Intelligence Blog

FedEx Corporation

942 South Shady Grove Road
Memphis, TN 38120
United States
(901) 818 - 7500
http://www.fedex.com 

 

FedEx Blog Highlights

  • FedEx is ranked #47 on the 2020 Fortune 500 list
  • FedEx is hiring 70,000 workers to meet holiday season demand
  • FedEx gears up for vaccine shipments with new tracking technology
  • FedEx Logs Record Revenue on Surge in Packages

 

FedEx Social Media Properties

Facebook: https://www.facebook.com/FedEx/
Instagram: https://www.instagram.com/fedex/
LinkedIn: https://www.linkedin.com/company/fedex/
Twitter: https://twitter.com/fedex
YouTube: https://www.youtube.com/user/fedex/custom

 

FedEx Sales Triggers Events

FedEx teams up with Reliable Robotics on autonomous cargo planes
FedEx is working with Reliable Robotics to pilot the use of an unmanned single-engine aircraft for cargo delivery, CEO Fred Smith said during the annual stockholder meeting Monday. "This initiative deals with smaller turboprop airplanes and in this case the single-engine C208, which we are looking at putting in very remote and uninhabited areas as part of our network," Smith said. The company does not have plans to replace its current aircraft fleet with autonomous alternatives, he said, adding that the crews should not be worried about the technology "for the foreseeable future — decades, I would say."
Source: https://www.supplychaindive.com/news/fedex-reliable-robotics-autonomous-cargo-planes/585839/

 

FedEx expands coverage for last-mile heavy-goods deliveries

FedEx Corp. (NYSE:FDX) said that parts of its last-mile service for heavy goods deliveries, FedEx Freight Direct, have been expanded to now cover 90% of the U.S. market. FedEx said the expansion applies to FedEx Direct’s Standard and Premium delivery offerings. Under the Standard service, goods are carried into the first ground-level room of the destination residence or business. The Premium service calls for the product to be placed in the room of the end customer’s choice and may require a two-person delivery team depending on the product’s physical profile. The Premium service also offers optional packaging removal at the customer’s consent when the goods are delivered.
Source: https://www.freightwaves.com/news/fedex-expands-coverage-for-last-mile-heavy-goods-deliveries

 

FedEx unveils package tracking sensor technology with SenseAware ID
FedEx Corp. has announced the launch of SenseAware ID, a lightweight sensor-based logistics device that delivers a new level of precision tracking. The enhanced location visibility furnished by this technology will create possibilities for FedEx clients to redefine their supply chain via real-time updates on a package’s location within the FedEx Express network. FedEx has always been an integral part of supply chain infrastructure and has continued moving life-saving pharmaceuticals drugs and clinical supplies for healthcare clients in the US and the rollout of SenseAware ID is just favorable to the supply chain industry.

“Package tracking and visibility are more important now than ever, as businesses have become increasingly reliant on timely deliveries,” said Robert B. Carter, executive vice president and chief information officer, FedEx Corporation. “Created by our innovation teams at FedEx, SenseAware ID was designed to give our customers the precise level of tracking they’ve been looking for, enabling them to optimize their supply chains and make any necessary adjustments during the journey of their shipments.”
Source: https://freightcomms.com/fedex-unveils-package-tracking-sensor-technology-with-senseaware-id/

Download the FedEx TURBO Report to see dozens more actionable sales trigger events.

 

Latest FedEx Earnings Call Highlights

September 16, 2020

Executives In Attendance

  • Mickey Foster - Vice President, Investor Relations
  • Fred Smith - Chairman and Chief Executive Officer
  • Brie Carere - Executive Vice President, Chief Marketing and Communications Officer
  • Raj Subramaniam - President and Chief Operating Officer
  • Alan Graf - Executive Vice President and Chief Financial Officer
  • Don Colleran - President and Chief Executive Officer, FedEx Express
  • Henry Maier - President and Chief Executive Officer, FedEx Ground
  • John Smith - President and Chief Executive Officer, FedEx Freight

 

Analysts in Attendance

  • Tom Wadewitz - UBS
  • Jack Atkins - Stephens Inc.
  • Chris Wetherbee - Citi
  • Allison Landry - Credit Suisse
  • Jordan Alliger - Goldman Sachs
  • Duane Pfennigwerth - Evercore ISI
  • Scott Group - Wolfe Research
  • Allison Poliniak - Wells Fargo
  • Brian Ossenbeck - J.P. Morgan
  • Helane Becker - Cowen
  • David Vernon - Bernstein
  • Ben Hartford - Baird
  • Amit Mehrotra - Deutsche Bank
  • Ken Hoexter - Bank of America Merrill Lynch

 

    • In August, the company completed the Dollar General expansion. FedEx has more than 27,000 staff locations with 92% of the U.S. population now living within five miles of a FedEx pickup or drop off location. The vast network and proximity to consumers provides small and medium ecommerce merchants with the buy online pickup in store convenience without the brick and mortar expense.
    • SenseAware ID is the latest and next-generation sensor-based proprietary FedEx technology, which provides enhanced package visibility for shipments using a compact sensor that transmits location every two seconds. SenseAware ID will initially be applied to first overnight shipments within the U.S. domestic express network and is eventually planned to include other premium services.
    • Four new automated stations, eight new or expanded large package facilities and 50 existing facilities are being expanded with additional material handling equipment and automation. Additionally, FedEx optimizing the use of our existing capacity through seven day a year in the U.S. operations, expanding and adding sorted dozens of facilities and repurposing SmartPost facilities for Ground package sortation. 

    FedEx Q1 2021 Earnings Call on September 16, 2020: https://seekingalpha.com/article/4374575-fedex-corporation-fdx-ceo-fred-smith-on-q1-2021-results-earnings-call-transcript?part=single

     

    FedEx Executive Leadership Teams

    NAME TITLE DIVISION
    Frederick W. Smith Chairman and CEO FedEx Corporate Leadership
    Rajesh Subramaniam President and COO FedEx Corporate Leadership
    Mike Lenz Executive Vice President and CFO FedEx Corporate Leadership
    Robert B. Carter Executive Vice President, FedEx Information Services, CIO FedEx Corporate Leadership
    Mark Allen Executive Vice President, General Counsel and Secretary FedEx Corporate Leadership
    Jill Brannon Executive Vice President, Chief Sales Officer FedEx Corporate Leadership
    Brie Carere Executive Vice President, Chief Marketing and Communications Officer FedEx Corporate Leadership
    Donald F. Colleran President and CEO FedEx Express Leadership
    Elise L. Jordan Executive Vice President and CFO FedEx Express Leadership
    Gregory F. Hall Executive Vice President and CEO, Air Operations FedEx Express Leadership
    Richard W. Smith Regional President, Americas, & EVP Global Support FedEx Express Leadership
    Carl W. Asmus President and CEO, FedEx Cross Border FedEx Express Leadership
    Ramona Hood President and CEO, FedEx Custom Critical FedEx Express Leadership
    John A. Smith President and CEO FedEx Freight Leadership
    Matt Rittenhour Senior Vice President of Finance, CFO FedEx Freight Leadership
    Henry J. Maier President and CEO FedEx Ground Leadership
    Ward B. Strang Executive Vice President and COO FedEx Ground Leadership
    Robert D. Henning Executive Vice President and CFO FedEx Ground Leadership
    Richard W. Smith Regional President, Americas, & EVP Global Support FedEx International Leadership
    Kawal Preet Regional President, Asia Pacific, Middle East and Africa (AMEA), FedEx Express FedEx International Leadership
    Karen Reddington Regional President, Europe, FedEx Express and CEO, TNT FedEx International Leadership
    Juan Cento President, Latin American and Caribbean, FedEx Express FedEx International Leadership
    Lisa Lisson President, FedEx Express Canada FedEx International Leadership
    Jack Muhs President, Middle East, Indian Subcontinent and Africa (MEISA), FedEx Express FedEx International Leadership
    Dr. Udo Lange President and CEO, FedEx Logistics FedEx Logistics Leadership
    Scott Temple President and CEO, FedEx Supply Chain FedEx Logistics Leadership
    Rajesh Subramaniam Co-President and Co-CEO FedEx Services Leadership
    Robert B. Carter Co-President and Co-CEO FedEx Services Leadership
    Brian Philips President and CEO, FedEx Office FedEx Services Leadership

     

    FedEx Board of Directors

    NAME TITLE COMPANY
    Frederick W. Smith Chairman of the Board and CEO FedEx Corporation
    John A. Edwardson Former Chairman and Chief Executive Officer CDW Corporation
    Marvin R. Ellison President and Chief Executive Officer Lowe’s Companies, Inc.
    Susan Patricia Griffith President and Chief Executive Officer The Progressive Corporation
    John C. ("Chris") Inglis Professor U.S. Naval Academy
    Kimberly A. Jabal Chief Financial Officer Unity Technologies
    Shirley Ann Jackson President Rensselaer Polytechnic Institute
    R. Brad Martin Chairman RBM Ventures
    Joshua Cooper Ramo Vice Chairman, Co-Chief Executive Officer Kissinger Associates, Inc.
    Susan C. Schwab Professor Emerita University of Maryland
    David P. Steiner Former Chief Executive Officer Waste Management, Inc.
    Rajesh Subramaniam President and Chief Operating Officer FedEx Corporation
    Paul S. Walsh Chairman Compass Group PLC

      

    FedEx Annual Report Highlights

    FedEx 2020 Annual Report for Fiscal Year Ended May 31, 2020

    FedEx Corporation (“FedEx”) was incorporated in Delaware on October 2, 1997 to serve as the parent holding company and provide strategic direction to the FedEx portfolio of companies. FedEx provides a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the respected FedEx brand.

    These companies are included in the following reportable business segments:

    • FedEx Express: Federal Express Corporation (“FedEx Express”), including TNT Express B.V. (“TNT Express”), is the world’s largest express transportation company, offering time-definite delivery to more than 220 countries and territories, connecting markets that comprise more than 99% of the world’s gross domestic product.
    • FedEx Ground: FedEx Ground Package System, Inc. (“FedEx Ground”) is a leading North American provider of smallpackage ground delivery services. FedEx Ground provides low-cost, day-certain service to any business address in the U.S. and Canada, as well as residential delivery to 100% of U.S. residences through its FedEx Home Delivery service. FedEx SmartPost is a FedEx Ground service that specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages.
    • FedEx Freight: FedEx Freight Corporation (“FedEx Freight”) is a leading North American provider of less-than-truckload (“LTL”) freight services across all lengths of haul, offering: FedEx Freight Priority, when speed is critical to meet a customer’s supply chain needs; and FedEx Freight Economy, when a customer can trade time for cost savings. FedEx Freight also offers freight delivery service to most points in Puerto Rico and the U.S. Virgin Islands.
    • FedEx Services: FedEx Corporate Services, Inc. (“FedEx Services”) provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support our transportation segments.
     

    FedEx Financial Highlights

    Fiscal Year
    Fiscal Year Ends May 31, 2021
    Most Recent Quarter  September 16, 2020
    Profitability
    Profit Margin 1.86%
    Operating Margin  3.94%
    Management Effectiveness
    Return on Assets  2.67%
    Return on Equity  7.13%
    Income Statement
    Revenue  $69.22 Billion
    Revenue Per Share  265.2
    Quarterly Revenue Growth  -2.50%
    Gross Profit  16.84B
    EBITDA 6.34B
    Net Income Avi to Common  1.28B
    Diluted EPS  4.9
    Quarterly Earnings Growth  N/A
    Balance Sheet
    Total Cash  4.88B
    Total Cash Per Share  18.63
    Total Debt  36.12B
    Total Debt/Equity  197.44
    Current Ratio  1.58
    Book Value Per Share  69.84
    Cash Flow Statement
    Operating Cash Flow  5.1B
    Levered Free Cash Flow  -1.21B

     2020 Global Trade Volume affected by pandemic

    FedEx Strategy

    Key focus areas:

    E-commerce: Residential e-commerce is the fastest growing area of FedEx's business, as the internet is increasingly being used to purchase goods and services. Through global transportation and technology networks, the company contributes to and benefits from the growth of e-commerce. The company is investing in new technologies, optimizing deliveries and using innovative solutions to make delivery to consumers more flexible, convenient, efficient and cost-effective.

    Business-to-business shipping: Business-to-business shipping accounts for the majority of FedEx revenues. As the global economy recovers from the effects of the COVID-19 pandemic, we will continue to help business customers obtain more visibility into their supply chains and near real-time information to manage inventory in motion, and refine our unique menu

    of services to fit virtually all shipping needs of high-tech and high-value-added industries.

    Operational Excellence: The company's business strategy allows the business to respond to current and potential customers’ evolving needs in a cost-effective manner. Operational excellence in today’s world must be enabled by best-in-class technology, which the company is using in a number of ways to increase efficiency across FedEx.

    International Profitability: With customers in more than 220 countries and territories, is establishing a foundation for increased international profitability through our aircraft fleet modernization program, integration of TNT Express and streamlined regional organizational structure at FedEx Express. Despite the recent trade tensions, the company continues to believe that globalization will drive international volume growth over the long term.

    Revenue Quality: The company is working to improve revenue quality by renewing focus on small and medium-sized businesses and strategically managing our large business-to-business customer portfolio so that yields are compensatory for the comprehensive services provided. 

     

    FedEx Customer Driven Technology

    During 2020, FedEx continued to advance a major information technology transition from traditional mainframe computing to cloud-based systems, which is delivering significant benefits in terms of flexibility, security, speed to market and resiliency. The focal point of the strategy is the company's award-winning website, together with customer integrated solutions. The fedex.com website was launched nearly 25 years ago, and during that time, customers have shipped and tracked billions of packages at fedex.com.

    In May 2020, the company announced a new, multiyear collaboration with Microsoft to transform commerce and enhance FedEx’s global supply chain and logistics network through Microsoft Azure, Microsoft’s intelligent cloud. 

    See the Full FedEx 2020 Annual Report

     

    FedEx Org Charts

    FedEx Companies Org chart 

    FedEx Board of Directors Org Chart 

    FedEx Executive Leadership Org Chart

     

    FedEx Executive Leadership Org Chart 

    FedEx Leadership Org Chart 

     

    FedEx International Leadership Org Chart

    FedEx International Leadership Org chart

    Download the FedEx TURBO Report to see more detailed FedEx Org Charts on IT, HR, Finance, Legal, Marketing, Supply Chain, Logistics and more.


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