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"Fed Express" redirects here. For the tennis player with this nickname, see Roger Federer.
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(March 2009)
FedEx Corporation
Industry Courier
(Chairman, President & CEO)
Traded as NYSE: FDX
Website FedEx.com
1 History
lobbying
4 Advertising
o 4.1 John Moschitta
ad
o 4.2 Motorsports
o 4.3 Football
o 4.4 Other sports
5 See also
6 References
7 External links
[edit]History
In January 2000, FDX Corporation changed its name to FedEx Corporation and re-branded
all of its subsidiaries. Federal Express became FedEx Express, RPS became FedEx
Ground, Roberts Express became FedEx Custom Critical, and Caliber Logistics and
Caliber Technology were combined to make up FedEx Global Logistics. A new subsidiary
called FedEx Corporate Services was formed to centralize the sales, marketing, customer
service for all of the subsidiaries. In February 2000, FedEx acquired Tower Group
International, an international logistics company. FedEx also acquired WorldTariff, a
customs duty and tax information company, TowerGroup and WorldTariff were re-branded
to form FedEx Trade Networks.[3]
FedEx Corp. acquired privately held Kinko's Inc. in February 2004 and rebranded it FedEx
Kinko's. The acquisition was made to expand FedEx retail access to the general public.
After the acquisition, all FedEx Kinko's locations exclusively offered only FedEx shipping.
[3]
In June 2008, FedEx announced that they would be dropping the Kinko's name from their
ship centers, with FedEx Kinko's changing to FedEx Office.[4][5]
In December 2007, the Internal Revenue Service of the United States 'tentatively decided'
that FedEx Ground Division might be facing a tax liability of $319 million for 2002, due to
misclassification of its operatives as independent contractors. Reversing a 1994 decision
which allowed FedEx to classify its operatives that own their own vehicles, the IRS is
auditing the years 2003 to 2006, with a view to assessing whether similar misclassification
of operatives has taken place. FedEx denies that any irregularities in classification have
taken place, but is facing legal action from operatives claiming benefits that would have
accrued had they been classified as employees. [6]
On October 22, 2008, the Internal Revenue Service withdrew its tentative assessment of tax
and penalties for the 2002 calendar year ($319 million plus interest) against FedEx Ground
Package System, Inc. (“FedEx Ground”) relating to the classification of FedEx Ground’s
owner-operators for federal employment tax purposes.
The Standard Carrier Alpha Code (SCAC) is a unique code used to identify transportation
companies. It is typically two to four alphabetic letters long. It was developed by
the National Motor Freight Traffic Association in the 1960s to help the transportation
industry for computerizing data and records.
FDE - FedEx Express FDEG - FedEx Ground - A package delivery company FDCC - FedEx
Custom Critical FEXF - FedEx Freight FXFE - FedEx LTL Freight East FXFW - FedEx LTL
Freight West (formerly VIKN - Viking) FXNL - FedEx Freight National (formerly Watkins)
FedEx Kinko's
FedEx Office (formerly FedEx Kinko's) (Blue "Ex"): The retail arm of the corporation,
offers copying and digital printing, professional finishing, document creation, Internet
access, computer rentals, videoconferencing, signs and graphics, direct mail, Web-
based printing, and FedEx shipping. Formerly an independent company, known
as Kinko's until it was acquired by FedEx in 2004 and rebranded to FedEx Kinko's. In
June 2008 the company was finally rebranded as FedEx Office. [16]
FedEx Office and Print Centers: Provides services such as copying,
printing, Internet access and FedEx shipping.
FedEx Ship Centers: Provides a central location for FedEx customers to
deposit their packages for shipping, also offering a self service photocopy and fax
machine, office products for packing and shipping, boxes and packaging services.
Formerly, these locations were called FedEx World Service Centers.
Both FedEx Office and Print Centers and Ship Centers now offer Hold at
Locations for FedEx Ground shipments for easy pick up. Transfer
to Office/Ship centers takes 1 to 2 business days (example: calling the customer
service line one day prior to pick up. This ensures package is put with proper route of
courier that services that area). FedEx Express dispatch stations do not offer this
service.
[edit]Political donations and lobbying
According to the Center for Responsive Politics, FedEx Corp is the 21st largest campaign
contributor in the United States. The company has donated over $21 million since 1990,
45% of which went to Democrats and 55% to Republicans. Strong ties to the White House
and members of Congress allow access to international trade and tax cut rebates as well as
the rules of the business practices of the United States Postal Service. In 2001, FedEx
sealed a $9 billion deal with the USPS to transport all of the post office's overnight and
express deliveries.[17]
In 2005, FedEx was among 53 entities that contributed the maximum of $250,000 to
sponsor the second inauguration of President George W. Bush.[18][19][20]
During the first three months of 2010, FedEx spent nearly $4.9 million lobbying the federal
government (UPS, FedEx's main competitor, spent $1.6 million on lobbying over the same
period), a 4% increase from the $4.7 million spent during the last quarter of 2009, but more
than twice what it spent on lobbying during the first quarter of 2009. [21]
[edit]Advertising
In 1981, their advertising firm Ally & Gargano hired performer John Moschitta, Jr., known for
his fast speech delivery, to do an ad for Federal Express titled "Fast Paced World". This
single commercial would be cited years later by New York as one of the most memorable
ads ever.[22]
[edit]Motorsports
From 1997 to 2002, FedEx was the title sponsor of Champ Car World Series when it
was known as CART. The series was known as theCART FedEx Championship
Series, which led to the official "Champ Car" designation in reference to the fact they
were the FedEx Championship.
FedEx became the sponsor of the #11 NASCAR Sprint Cup Toyota owned by Joe
Gibbs Racing in 2005. FedEx uses four (predominantly black) paint schemes to
showcase its different products (Express, Freight, Ground, and Office), and in 2005 also
ran a special scheme to promote a charity event at the FedEx St. Jude Classic golf
tournament. The car is driven by Denny Hamlin.
FedEx previously sponsored the Formula One team McLaren. Prior to that FedEx
had sponsored Ferrari, Benetton (now Renault) and Williams F1.
FedEx does not currently sponsor any F1 team, but does have its brand logo placed
on the McLaren crash suit collar.
[edit]Football
From 1989 to 2010, FedEx was the title sponsor of the Orange Bowl, played
in Miami, FL.[23]
FedExField, home of the National Football League's Washington Redskins in the
Maryland suburbs of Washington, D.C.[24]
[edit]Other sports