April 17, 1973: Federal Express Launches Its Operations [TheStreet.com]
FedEx Corporation (FDX)
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Source: TheStreet.com
In 1965, Yale undergraduate Fred Smith wrote a term paper outlining a system to accommodate urgent, time-sensitive shipments—he received an average grade.After years of pursuing his idea, Federal Express began formal operations in 1973 in Memphis. On that first night of continuous operation, 389 Federal Express team members and 14 Dassault Falcon jets delivered 186 packages overnight to 25 U.S. citiesThe company became known for its overnight shipping service, and pioneering a system that could track packages and provide real-time updates on package location. Federal Express began showing a profit in July 1975.The company introduced the SuperTracker® in 1986, a hand-held bar code scanner that captures package information. Federal Express acquired Tiger International Inc. in February 1989, making it the world’s largest full-service, all-cargo airline.Federal Express officially adopted "FedEx" as its name in 2000.After the 2000 movie Cast Away was released, Wilson the vollyball was sold
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- FedEx (NYSE:FDX) had its price target raised by analysts at JPMorgan Chase & Co. from $274.00 to $285.00. They now have a "neutral" rating on the stock.MarketBeat
- FedEx (NYSE:FDX) had its "positive" rating reaffirmed by analysts at Susquehanna.MarketBeat
- FedEx (NYSE:FDX) had its price target raised by analysts at BMO Capital Markets from $255.00 to $265.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx (NYSE:FDX) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- FedEx planning to cut 856 jobs in Texas - report [Seeking Alpha]Seeking Alpha
FDX
Earnings
- 9/18/25 - Beat
FDX
Sec Filings
- 12/3/25 - Form SCHEDULE
- 11/6/25 - Form 8-K
- 10/30/25 - Form SCHEDULE
- FDX's page on the SEC website