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This question is about FedEx.
Who owns FedEx?
FedEx owns FedEx. FedEx's founder and executive chairman of its board of directors is Frederick W. Smith. He launched the original air-ground Federal Express network, which began operations in 1973 to serve the rapidly growing high-tech, high-value-added sectors of the economy Smith had predicted.
In 1997, the company reorganized as a holding company, FDX Corporation, in Delaware. It started its operations with the acquisition of Caliber Systems Inc.; with this, it started to broaden its utility, offering other services besides express shipping.
In 2000, FDX Corporation changed its name to FedEx Corporation and re-branded all of its subsidiaries. Later that year, FedEx acquired Tower Group International, an international logistics company.
FedEx has since grown into a global enterprise that serves more than 220 countries and territories, but is still a privately held company. In 2021, FedEx had an annual revenue of $83.959 billion with over 850,000 employees worldwide (550,000 in the U.S.).
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