Fedex Corp - Early History, Move To The Internet

With a workforce of nearly 150,000, holding company FedEx Corp. operates FedEx Express, the largest express shipping company in the world, handling more than 3 million deliveries a day. Three other subsidiaries—FedEx Ground, FedEx Custom Critical, and FedEx Freight—round out the firm's delivery services. While FedEx boasted a 51-percent share of the overnight delivery market, it spent most of the late 1990s trying to strengthen its foothold in the faster growing ground shipping market, which was being fueled by the rise of online shopping. Although FedEx made several acquisitions to build up its home delivery network, rival United Parcel Service (UPS) handled roughly 70 percent of all U.S. ground shipping in 2001.