About the company
Since its inception in 1973, FedEx has continued to revolutionize the delivery industry with its pioneering overnight delivery service. As a result, it has firmly established itself as the world's largest express package provider, a title it holds to this day. In the fiscal year 2023, which concluded in May of that year, FedEx's express division contributed a significant 47% of the company's total revenue. This division focuses on providing time-sensitive and expedited delivery services to customers across the globe. In addition to its express division, FedEx also has a strong footing in ground shipping, which accounted for 37% of the company's revenue during the same fiscal year. The ground division is responsible for delivering packages overland, providing a reliable and efficient option for customers who don't require immediate delivery. Furthermore, FedEx has made its presence known in the freight industry, where its asset-based less-than-truckload (LTL) shipping segment plays a crucial role. This segment contributed approximately 11% of the company's total revenue in the fiscal year 2023. By leveraging its extensive network and industry expertise, FedEx Freight ensures the smooth and timely transportation of bulky and heavy shipments. This service is highly valued by businesses that rely on efficient logistics to keep their operations running seamlessly. In addition to its core express, ground, and freight divisions, FedEx also generates revenue through various other services. FedEx Office, for instance, offers document production and shipping solutions to meet the printing and shipping needs of its customers. This service is particularly beneficial to individuals and businesses that require professionally printed materials, such as brochures, presentations, and other important documents. Another noteworthy segment within FedEx's diverse business portfolio is FedEx Logistics. This division specializes in global forwarding, providing end-to-end supply chain solutions, customs brokerage, and trade management services. By seamlessly coordinating the movement of goods across borders and navigating complex import/export regulations, FedEx Logistics plays a vital role in facilitating international trade for its customers. In a strategic move to enhance its global reach and capabilities, FedEx made a significant acquisition in 2016 by purchasing the Dutch parcel delivery firm, TNT Express. By integrating TNT Express into its operations, FedEx expanded its presence in the European market and solidified its position as a global powerhouse in the delivery industry. Prior to the acquisition, TNT Express was recognized as the fourth-largest global parcel delivery provider, further strengthening FedEx's competitive position in the global market. Overall, FedEx's success and prominence in the industry can be attributed to its unwavering commitment to innovation, customer-centric approach, and extensive network. With its comprehensive range of services and continued focus on meeting the evolving needs of its clients, FedEx is well-positioned to maintain its status as the world's leading express package provider for years to come.
Website: https://www.fedex.com
Data updated: June 2, 2026
