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FedEx Corporation (NYSE: FDX) connects people and possibilities through its expansive portfolio of shipping, transportation, e-commerce, and business services. With a reputation for reliability and expertise, FedEx offers integrated business solutions via its collaboratively managed operating companies, ensuring extraordinary service.
Founded in 1973, FedEx pioneered overnight delivery and remains the world's largest express package provider. In fiscal 2023, which ended in May 2023, the company derived 47% of its revenue from its express division, 37% from ground services, and 11% from freight, with additional income from FedEx Office and FedEx Logistics.
FedEx's commitment to innovation is evident in its acquisition of TNT Express in 2016, expanding its global reach. The company’s core values emphasize safety, ethical standards, and customer focus, upheld by a global workforce of over 500,000 dedicated employees.
Recent initiatives highlight FedEx's role in empowering small businesses and fostering sustainability. The FedEx E-commerce Learning Lab aids women and minority-owned small businesses, while its Picture Proof of Planting campaign engages employees in conservation efforts worldwide. Additionally, FedEx’s support for International Medical Corps showcases its commitment to global humanitarian efforts.
Furthermore, FedEx continues to advance sustainable urban mobility through collaborations with EIT Climate-KIC, funding initiatives in cities across Europe. These efforts align with the company’s goal to achieve carbon-neutral operations by 2040.
FedEx's philanthropic endeavors, such as FedEx Cares, reinforce its dedication to community support, from responding to natural disasters in Brazil to fostering chimpanzee welfare through creative initiatives with Save the Chimps.
FedEx announced the winners of its 12th annual Small Business Grants Program, selecting 10 U.S.-based businesses from over 3,900 applications. The grand prize of $50,000 was awarded to Bombi from Greenville, RI. Nine other businesses each received $20,000, including Better Boba, Bundle x Joy, and Erie Cotton. Each recipient also benefits from additional resources like a $500 FedEx Office print credit and consultations from FedEx teams. Since the program's inception, FedEx has awarded over $2 million in grants and credits.
In a press release dated May 15, 2024, Water Mission highlighted its efforts in providing safe water to people in southeastern Ukraine amidst ongoing conflict. Supported by FedEx, Water Mission has established over 70 water systems benefiting nearly 100,000 people in more than 200 communities.
Project Manager Craig Williams, living in Ukraine, described the hardships faced by locals and the significant impact of these water systems. The project has produced over 26 million gallons of safe drinking water, addressing critical needs amidst damaged infrastructure. The initiative is focused on long-term sustainability in collaboration with local government and international organizations like the UN.
Water Mission employs a predominantly Ukrainian team to ensure community resilience and trust. The organization has installed water systems in various public spaces, supporting both immediate and long-term needs.
FedEx recently hosted a group of FedEx-HBCU student ambassadors in Los Angeles for a career immersion experience, aiming to provide empowerment, engagement, and education to the next generation. The program helps prepare HBCU students for the workforce after college, building leadership and career-ready skills.
International Medical Corps, with the support of FedEx, deploys a field hospital to provide essential medical care in times of crisis. FedEx's assistance in warehousing, modularizing, and transporting the field hospital showcases their commitment to swift and effective action in humanitarian emergencies.
FedEx and Marine Corps Scholarship Foundation (MCSF) are collaborating to support the children of veterans through scholarships. FedEx provided scholarships to 22 students this year and introduced the 'FedEx Career Readiness Initiative' (FCRI) for leadership training and job opportunities. The initiative aims to help students prepare for internships and job opportunities at FedEx.
FedEx continues its support for Historically Black Colleges and Universities (HBCUs) by offering scholarships through the United Negro College Fund (UNCF) Empower Me Tour (EMT). The recent conference in Jacksonville, FL, focused on career readiness for HBCU students, where nine students received $2,500 scholarships each. FedEx also provided remarks during the event and recruited HBCU students to its talent network.
FedEx team members made a significant impact at the USHLI 2024 National Conference, showcasing the company's commitment to diversity and community engagement. The 2024 Student Leadership Series, of which FedEx is the Honorary Chair, aims to motivate Latino high school students to excel academically and become future leaders. The event featured inspiring speeches, career guidance, and workshops to empower students. FedEx's participation reinforced its dedication to supporting Hispanic communities and promoting diversity and inclusion.
Udhyam Learning Foundation and Accion's Ovante program support young women like Jyoti in India to become entrepreneurs despite education and social barriers. Jyoti, with the help of Udhyam, turned her passion for sewing into a successful tailoring business, highlighting the importance of skills training and entrepreneurial support for marginalized youth.
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