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FedEx Corp. (NYSE: FDX) celebrates its 50th anniversary today, marking the launch of an industry that transformed global shipping. The company connects over 220 countries and employs more than 530,000 people worldwide. To commemorate this milestone, FedEx is engaging in community service and hosting global events, including volunteerism under its '50 Days of Caring' initiative, which surpassed its goal of helping 50 million people. CEO Raj Subramaniam emphasized the commitment to the company's mission and values. Additionally, FedEx introduced the Founder’s Fund, a $2 million philanthropic initiative honoring founder Fred Smith, aimed at supporting veteran entrepreneurs and non-profits. The company is poised for future growth with plans to unify its operating companies under the 'one FedEx' strategy, with a revenue of $93 billion.
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50 years of operations with significant global presence, connecting over 220 countries.
Successful community service program, exceeding the '50 by 50' goal with 50 million people helped.
Introduction of the Founder’s Fund with a $2 million commitment, supporting veteran entrepreneurs.
Plans to consolidate operating companies under a unified brand for streamlined operations.
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Company marks milestone with community service events, global day of celebration, and the introduction of the Founder’s Fund
MEMPHIS, Tenn.--(BUSINESS WIRE)--
50 years ago today, FedEx Corp. (NYSE: FDX) launched an industry that changed the world. It was this day that marked the company’s first fully operational night and the first step to realizing founder and Executive Chairman Frederick W. Smith’s vision to connect the globe. Now 50 years later, FedEx connects over 220 countries and territories, includes over 530,000 employees, and continues to demonstrate the innovation that defined the company from the start. To mark this milestone, the FedEx team is celebrating with a day full of community service opportunities and global events.
(Photo: Business Wire)
“It is an honor and a privilege to work with such an innovator like Fred Smith who guided us to where we are today,” said President and Chief Executive Officer Raj Subramaniam. “Today is a celebration of our dedicated team members who are committed to our Purple Promise of making every FedEx experience outstanding — now and for the next 50 years.”
Celebrating Our Team Members & Our Community
FedEx team members around the world are joining together to celebrate this milestone today —and the culmination of 50 Days of Caring — supporting to the communities they serve every day by volunteering their time and donating items to agencies in need. Whether it’s by building homes for those in need in Hungary or making special deliveries to kids in Italy, giving back is part of the company’s culture. FedEx also recently announced it exceeded its FedEx Cares 50 by 50 goal of helping 50 million people by its 50th birthday.
As a thank you, approximately 60 FedEx front line team members have been invited to join in for the ringing of the opening bell at the New York Stock Exchange on Monday, April 17th.
And, from Memphis, Tennessee to Kuala Lumpur, cities across the globe are joining in to celebrate this milestone for FedEx by lighting landmarks and airports in orange and purple.
Celebrating Our Customers
Last week FedEx released a portrait series collaboration with Annie Leibovitz to spotlight and elevate its small business customers. Named Driving Passions, the series incorporates the power and possibilities of FedEx by showcasing three small businesses that represent the startups, innovators, and legends in the making.
“We’re proud of our story of connecting the world – and we know our customers are proud of their stories, too,” added Brie Carere, Chief Customer Officer of FedEx Corp. “This series lifts up passionate entrepreneurs who are changing the world – and how FedEx enables small businesses to start small and grow through innovation.”
Unlimited Tomorrow, Terra Beauty Bars, and Ginjan Bros. were the FedEx small business customers chosen to be photographed to serve as a direct reflection of the modern FedEx brand— inclusive, innovative, and intelligent.
Celebrating What’s Next
As FedEx continues to plan for what’s next in the industry, the company recently announced it would bring its operating companies together as one FedEx.
In celebration of its 50th birthday and commitment to doing good, FedEx is excited to announce the Founder’s Fund — a philanthropic endowment created to honor Frederick W. Smith and his legacy as a business leader and changemaker in communities around the world. FedEx Cares is committing $2 million to kick off the fund. Annual beneficiaries include innovative veteran entrepreneurs and nonprofit organizations chosen by team members for their outstanding volunteer engagement.
“Today is a huge milestone in the history of our company and I am immensely proud to share it with our team members across the world as we deliver what’s next,” added Subramaniam.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $93 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 530,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
What is the significance of FedEx's 50th anniversary?
FedEx's 50th anniversary marks five decades of innovation and transformation in global shipping, celebrating its extensive network and community impact.
What initiatives is FedEx launching for its 50th anniversary?
FedEx is launching the Founder’s Fund, committing $2 million to support veteran entrepreneurs and non-profits, and engaging in '50 Days of Caring' community service.
How has FedEx supported its communities recently?
FedEx has exceeded its goal of helping 50 million people through volunteerism, showcasing its commitment to community support.
What is FedEx's revenue as of the anniversary?
As of its 50th anniversary, FedEx reported an annual revenue of $93 billion.
What future plans does FedEx have for its operations?
FedEx plans to unify its operating companies under a 'one FedEx' strategy for improved efficiency and collaboration.
