Fed Ex
FedEx was started in 1973 by Frederick W. Smith as a small overnight delivery service. Currently, FedEx is a leader in e-commerce and supply chain management services. FedEx is a family of companies offering accommodating, specialized services such as international support, transportation, and information. These family subsidiaries include FedEx Freight, FedEx Express, FedEx Ground, FedEx Custom Critical, FedEx Services, and FedEx Trade Networks that collectively form FedEx Corporation. FedEx is committed to providing international, expedient, and reliable delivery for businesses and consumers. FedEx Corporation is a world leader in technology. Their technological advances have always been in response to customers’ needs, anticipated future requests, and the demands of an information-driven environment. FedEx has been recognized for harnessing the power of the Internet to provide fast, easy, and convenient service for its customers. The FedEx website is widely recognized for its speed, ease of use, and customer-focused features. However, FedEx is playing catch-up in the e-commerce sector with rival United Parcel Service (UPS). FedEx has always been a leader in the freight transportation
The express package and freight markets are highly competitive as well as price and service sensitive. In order to succeed in this particular market, one must effectively balance price, reliability, capacity and frequency of scheduled service, tracking abilities, geographic coverage, and innovative service offerings. The main competitors in this industry include United Parcel Services (UPS), DHL Worldwide Express, Airborne Express, and the U.S. Postal Service; passenger airlines offering express package services and airfreight forwarders are also competitors in the industry. FedEx and UPS together have captured a duopoly in the U.S. express delivery market with a share of approximately seventy-nine percent. In the ground delivery business, FedEx’s fifteen percent market share falls significantly behind UPS’s market share of sixty percent. FedEx enjoys several competitive advantages in this industry. FedEx holds certificates of authority to serve more foreign countries than any other United States all-cargo carrier. Their extensive international route system allows FedEx to offer single-carrier service to many points not offered by its principal competitors. FedEx offers innovative services to their customers, allowing them to track up to twenty-five shipments from pick-up to delivery. FedEx customers are able to customize shipping tags through programs like Microsoft Word, and they can also use the online service FedEx Ship Manager (API) to obtain transaction rates and receive electronic notifications upon the arrival of the shipment. FedEx is a vastly recognized brand and is a great asset for the company, but FedEx’s high standar
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Approximate Word count = 1117
Approximate Pages = 4 (250 words per page double spaced)
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