Famous entrepreneurs History of Fedex company (2 part)

At once demonstrated that is demand,the things went well for him,in the sense that apperead major investors like: Alstrate,Newport securities.The expand wasn't simple,but like this dimension it wasn't way to be.Counted that the business moved permanently to 'breakeven point" that point which income chart intersect with chart spending indicating that the investment was recover after 26 months.

Growth,Growth and Growth

at the midle os 70's Federal Expres made a strong lobby for cargo transport liberalization,thing that happened in 1977 .This change allowed company to use big planes likes:Boeing 727 and Mcdonnell-Douglas Dc-13 so his growth becomed explosive.At the begining at 80's the company reported annual growth of 40%,and in 1983 reached a turnover of 1 billions $ after 10 years of activity .The international expand began in 1984 with services for Europe and Asia .In 1988 penetrated the japanese market then acquisition of Tiger International made to growing the number of countries at 21.In 1995 obtained the acces on the chinese market,thanks an agreement with International Airlines and under this authority become the only us courier company with operating rights in worlwide.
Today Fedex have have largest cargo air fleet (671 planes),including 130 airbus A-300 and A-310,over 200 Boeing and 256 Cessna with a total carrying capacity de 12 000 tonnes,planes fly daily 800 000 km,while land transport with cars (41 000) totals 3.5 milions km in 24 hours the equivalent at 100 detours at the Earth Number of packeges and documents delivered daily over 3.2 million.
The name change to FedEx occured in 1994 based on the customers signs which they
used entirly this option,FEdex Become a verb which means seding an overnight package

What Fred Smith Did say?

' It's essential to have a busines plan which show what have to do but be prepared for course changes.In courier domain any change of price fuel meatters enormously"

"I tell alway to my Employees "you'll not delivery sand and gravel you'll deliver the cardiac simulator of someone,rare medicine and and a vital evidence in a legal proces"

"Surround the people which tell only the truth .If you don't do as busines increases you risk to not be aware with everything what's happens at your company"