FedEx Corporation
Industry: Air Courier

With annual revenues of $23 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U.S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America's largest provider of expedited time-critical shipments; and FedEx Trade Networks, North America's largest customs broker and a provider of international freight forwarding and trade facilitation services. FedEx ranked highest in the J.D. Power and Associates 2002 Small Package Delivery Service Business Customer Satisfaction StudySM in the categories of air, ground and international delivery services.

Business Summary
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services with companies that operate independently and compete collectively under the respected FedEx brand. The company operates in four business segments. The FedEx Express segment includes FedEx Trade Networks, Inc., which provides international trade services, specializing in customs brokerage and global cargo distribution. FedEx Ground is a provider of small-package ground delivery service. This segment also includes FedEx Supply Chain Services, Inc., which offers supply chain solutions. FedEx Freight is a United States provider of regional next-day and second-day and interregional less-than-truckload (LTL) freight services. This segment also includes FedEx Custom Critical, Inc., a time-specific, critical shipment carrier, and Caribbean Transportation Services, Inc., a provider of airfreight forwarding services. The FedEx Kinko's segment provides document solutions and business services.

Financial Summary
FDX is a global provider of transportation, e-commerce & supply chain management services, offering integrated business solutions through a network of independently operating subsidiaries. For the 3 months ended 8/31/05, revenues rose 10% to $7.71B. Net income rose 3% to $339M. Results reflect improvements across all operating segments, partially offset by higher salaries and benefits expense.