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Federal Express

 
Hoover's Profile: Federal Express Corporation
Contact Information
Federal Express Corporation
3610 Hacks Cross Rd.
Memphis, TN 38125
TN Tel. 901-369-3600
Fax 901-395-2000

Type: Subsidiary
On the web: http://fedex.com/us
Employees: 143,000
Employee growth: 3.6%

You can't spell FedEx without Federal Express Corporation, which does business as FedEx Express. The largest subsidiary of FedEx, FedEx Express is responsible for its parent's namesake express delivery business, the world's largest. FedEx Express delivers about 3.4 million packages per day throughout the US and to some 220 countries and territories worldwide. Packages (from envelopes to boxes weighing up to 150 pounds) account for most of the company's sales; FedEx Express also delivers pallets of freight weighing from 151 pounds to 2,200 pounds. The company operates a fleet of about 655 aircraft and more than 51,000 motor vehicles and trailers.

Key numbers for fiscal year ending May, 2007:
Sales: $22,527.0M
One year growth: 5.8%
Net income: $1,251.0M
Income growth: 15.2%

Officers:
Chairman, President, and CEO: Frederick W. (Fred) Smith
President, CEO, and Director: David J. Bronczek
EVP, CFO, and Director: Alan B. Graf Jr.

Competitors:
DHL
UPS
US Postal Service

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Business Dictionary: Federal Express
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Company that offers speedy pickup and delivery of letters and parcels.

Wikipedia: Federal Express (passenger train)
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The Pennsylvania Railroad's train No. 173, the Federal Express, cruises through Washington, D.C. on August 3, 1939.

The Federal Express was a named passenger train run by the Pennsylvania Railroad and New York, New Haven and Hartford Railroad between Washington, DC's Union Station and Boston, Massachusetts's South Station. At different times, its route has taken it across the Hudson River via a car float between Port Morris and Jersey City (the ferry Maryland), the Poughkeepsie Bridge, and finally the Pennsylvania Tunnel and Terminal Railroad. The final routing was identical to today's high-speed Northeast Corridor.

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Overview

On October 18, 1912 the Federal Express (and the Colonial Express) began using the new Pennsylvania Tunnel and Terminal Railroad into New York Penn Station. However, an omnibus transfer was required to get to Grand Central Terminal to continue to Boston, and the next day it was rerouted via the Poughkeepsie Bridge. The route took it along the PRR's Belvidere Delaware Railroad from Trenton, New Jersey to Belvidere, New Jersey; the Lehigh and Hudson River Railway from Belvidere to Maybrook, New York; the NYNH&H's Central New England Railway across the Poughkeepsie Bridge; Dutchess County Railroad to Hopewell Junction, New York; New York and New England Railroad to Hawleyville, Connecticut; Housatonic Railroad to New Haven; and the normal route the rest of the way to Boston.

Due to freight congestion on the NYNH&H section, the train was discontinued January 9, 1916. With the opening of the New York Connecting Railroad and its Hell Gate Bridge on April 1, 1917, the Federal Express was restored via New York City, running through via the new connection. This final routing was made in 12 hours 10 minutes.

GG1 #4876 after the crash.

Notorious wreck

One of the more interesting moments in the history of the Federal Express took place on the morning of January 15, 1953 at Washington's Union Station. According to official ICC reports, a design flaw on New Haven car #8665 caused the angle cock to come into contact with the buffer plate, causing it to be closed, rendering the brakes on all following cars inoperable. Approaching the 1339 permissive signal the engineer attempted to apply his brakes and slow the train, with no effect. Pushed by the unbraked cars, the GG1 engine and two passenger cars ran off the end of Track 16 and crashed through the Stationmaster's office, and fell through the floor of Union Station into the baggage room. Fortunately the operator at Tower "K" was able to phone in a warning, and the baggage room and Stationmaster's office were empty. In a remarkable demonstration of the durability of the GG1 engine, engine #4876 was later cut into three pieces, hoisted from the baggage room, and reassembled at the Altoona (PA) shops of the Pennsylvania Railroad. It then re-entered commercial service and went on to be one of the last-serving GG1 engines. It is currently being held for restoration at the B&O Railroad Museum in Baltimore. This crash also inspired the finale for the 1976 film, the Silver Streak.

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Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Federal Express (passenger train)" Read more