FEDEX CORP (FDX)

FedEx Corporation is a Delaware holding company, incorporated in 1997, that provides strategic direction to the FedEx portfolio of companies. It offers customers and businesses worldwide a broad portfolio of transportation, e-commerce, and business services through an integrated global network. The company changed its fiscal year end from May 31 to December 31 effective June 1, 2026. It also completed the spin-off of its less-than-truckload business, FedEx Freight, on June 1, 2026, distributing 80.1% of FedEx Freight Holding's shares to stockholders and retaining 19.9%. FedEx Freight is therefore no longer consolidated or a reportable segment.

Effective June 1, 2026, FedEx has two reportable segments, Express U.S. Domestic and Express International, which together are referred to as Federal Express. Express U.S. Domestic offers overnight and deferred package services (FedEx First Overnight, Priority Overnight, Standard Overnight, 2Day, 2Day AM, and Express Saver), SameDay service, express freight, and day-definite business and residential delivery through FedEx Ground Commercial and FedEx Home Delivery, plus an economy service for lightweight residential packages. Express International provides time-definite package and freight services to more than 220 countries and territories, including International Priority, Priority Express, First, Economy, and the e-commerce service International Connect Plus. It also includes FedEx Logistics, which provides customs brokerage, global ocean and air freight forwarding, and managed transportation. The remaining businesses are reported as Corporate, other, and eliminations: FedEx Dataworks, which builds a data and AI platform for supply chains; FedEx Office, which offers printing, document, packing, and retail shipping services; and FedEx Supply Chain, which offers integrated supply chain management solutions.

Federal Express serves businesses and consumers, with services connecting markets that account for more than 99% of world gross domestic product. Customers access the network through about 84,000 drop-off locations, including FedEx Office stores, FedEx Drop Boxes, and OnSite locations at more than 15,000 Walgreens and Dollar General stores. FedEx Office serves enterprise, medium, and small business customers and infrequent shippers through retail stores, locations inside Walmart stores, and on-site business centers. Prices are based on service, origin, destination, weight, and size. A 5.9% average list price increase took effect in January 2026, and demand and indexed fuel surcharges apply.

Federal Express operates the world's largest all-cargo air fleet, with about 700 aircraft, over 180,000 motorized vehicles, and about 452,000 employees as of May 31, 2026. It also contracts with about 5,300 independent small businesses for linehaul and pickup-and-delivery operations. Its main air hub is in Memphis, Tennessee, with a second national hub in Indianapolis and regional hubs in Fort Worth, Newark, and Oakland. About 1,200 U.S. surface facilities are being consolidated under its Network 2.0 program, while its Tricolor program redesigns the international air network. Jet fuel is bought from various suppliers at market prices without hedging, costing $3.05 billion in fiscal 2026. Its pilots are represented by the Air Line Pilots Association under a newly ratified collective bargaining agreement. FedEx Dataworks is based in Memphis.