FedEx was founded under the name Federal Express in 1971 by current CEO Frederick W. Smith. The company began by offering document and small package service to 25 cities via Falcon 20 jets.
The company was incorporated as the FedEx Corporation in 1997 when the company acquired Caliber Systems Inc. This lead to a larger service offering than just express shipping.
In 2000, the company acquired Tower Group International. In 2004, the company acquired Kinko’s and re-branded them as FedEx Kinko’s.
Today, the company operates several divisions worldwide including FedEx Ground, FedEx Express and FedEx Freight. The company currently employs nearly 300,000 workers.