In 2021, UPS and DHL generated around 97.3 billion U.S. Looking to expand its operations in Europe, FedEx acquired TNT Express, a Dutch-owned international courier delivery service company, in May 2016.įedEx's most significant competitors in the field of parcel delivery include the United Parcel Service (UPS) and Deutsche Post DHL Group. The FedEx Services segment comprises subsidiary divisions such as FedEx Offices (formerly FedEx Kinko's), FedEx Ship Centers, and FedEx office and print centers which provide services such as copying, printing, and access to the internet.įedEx Corporation has continued to grow its portfolio, with total assets rising to nearly 86 billion U.S. That same year, FedEx Express' freight revenue amounted to more than 8.7 billion U.S. In 2022, FedEx Express had a total aircraft fleet size of 675 aircraft in service. FedEx's numerous operating segments include its original overnight courier services, FedEx Express, FedEx Ground, FedEx Freight, Fed Ex Custom Critical, and FedEx Services. This name change was followed by a general rebranding of its subsidiaries offering other services besides express shipping. Initially known as FDX Corporation, its name was formally changed to its current name in January 2000.
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