Fred Smith founded the company in 1971 in Little Rock, Arkansas as Federal Express before moving to Memphis, Tennessee in 1973.
With Federal Express sought to create a fast and efficient cargo carrying service, which own and operate all the modes of transport required to get a package from point A to point B, including trucks, sorting facilities and planes, although regulations wouldn’t allow the company to own aircraft until 1978.
The company changed its name to FedEx in 1994, taking on the widely used portmanteau.
Confusingly one of its aircraft divisions is known as FedEx Express, or Federal Express Express.
Fun fact #1: Swiss tennis champion Roger Federer is often referred to as FedEx, short for Federer Express. To our knowledge, he’s never been sponsored by FedEx.