FedEx history

FedEx history

FedEx history

Growing and evolving since 1973

We’re proud to be one of the most admired brands in the world and one of the
best places to work. Here’s a look at some of the milestones along our journey.

We’re proud to be one of the most admired brands in the world and one of the best places to work. Here’s a look at some of the milestones along our journey.

1965

Frederick W. Smith wrote a term paper at Yale University proposing a revolutionary way to accommodate time-sensitive shipments—and received an average grade.

1971

Mr. Smith founded Federal Express Corporation in Little Rock, Arkansas.

Federal Express: What's in a name?

Mr. Smith thought the word “federal” suggested an interest in nationwide economic activity, and hoped the name would resonate with the Federal Reserve Bank, a potential customer.

1973

April 17, 1973: Federal Express began operations in Memphis, Tennessee, with 389 team members. That night, 14 aircraft delivered 186 packages to 25 U.S. cities.

Why Memphis?

  • It’s centrally located in the U.S.
  • Its airport was rarely closed because of bad weather.
  • The airport was willing to make improvements for the operation.
  • Additional hangar space was readily available.

1975

Installed our first drop box.

1977

Bought seven Boeing 727s after two years of lobbying led to Congress deregulating air cargo.

1978

Federal Express listed on the New York Stock Exchange as FDX.