Project Overview Phase I Fed Ex

1432 words - 6 pages

Project Overview PAGE \* MERGEFORMAT 1
Project Overview Phase I - FedExFebruary 23, 2010University of PhoenixProject Overview - Phase I - FedExIntroductionThe purpose of this paper is to provide information about the company Team A chose, FedEx. FedEx Corporation is made up of seven different operating companies in more than 200 different countries. These companies collectively compete to provide customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services (FedEx, 2010). FedEx is also ranked one of the world's most trusted and admired employers to work for. Part of FedEx's mission is to strive to develop mutually rewarding relationships with its employees, partners, and suppliers.History of FedExFedEx is led by the FedEx Corporation who is responsible for the direction of FedEx which is comprised of FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, FedEx Custom Critical, FedEx Trade Networks, and FedEx Services. FedEx started in 1998 and wanted to expand their express delivery service so that they could diversify their portfolio ultimately to compete in the market on a global scale. In 2000, Fedex acquired a new subsidiary called Tower Group International who is a leader in the business of international logistics and trade information technology. Through this acquisition FedEx has become the largest-volume customs entry filer in North America and a leader in global ocean and air cargo distribution and trade facilitation.In January 2001, FedEx Global Logistics realigned to streamline the organization to further improve their customer service across the board. They bought out American Freightways and Viking Freight changing them to FedEx Freight encompassing the Eastern two thirds of the United States. In 2004 FedEx acquired Parcel Direct who is a leading parcel consolidator, which became SmartPost. This helped FedEx in its alliance with the U.S Postal Service and provided customers with proven cost effective solutions for low weight and time sensitive shipments within the United States.FedEx has expanded their portfolio through their smart business acquisitions of companies that would have a positive contact on the company. They have achieved their goal of becoming a global company and today is the premier provider of shipping and information services worldwide. FedEx has a slogan of "operate independently, compete collectively, and manage collaboratively." This slogan is derived from the way they operate by operating independently so each company can focus exclusively on delivering the best service for its specific market. FedEx competes under its trusted FedEx banner that ensures that all the companies benefit from one of the world's most recognized brand, FedEx.FedEx Operating MarketFedEx created a new market less than 40 years ago by providing customers with the next day just-in-time delivery services. FedEx currently operates in more than 200 countries making it a global market....

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