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FedEx Corp

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NYSE:FDX (USA)   Ordinary Shares
$ 264.54 -1.53 (-0.58%) 11:39 AM EST
15.26
P/B:
2.47
Market Cap:
$ 65.10B
Enterprise V:
$ 97.43B
Volume:
300.71K
Avg Vol (2M):
1.99M
Also Trade In:
Volume:
300.71K
Avg Vol (2M):
1.99M

Business Description

Description
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.