FedEx Corporation (FDX) is one of the leading logistics and courier service providers in the world.
An interesting tidbit about the origin of FedEx is that, Frederick W. Smith, when he was a student at Yale University, developed the concept for FedEx in a paper in 1965. His grand idea was to create an airline that can deliver time-sensitive shipments quickly and safely.
FedEx was originally incorporated in Little Rock, Arkansas in 1971 as Federal Express Corporation. FedEx changed the shipping industry with its overnight delivery service in the early 70’s and it made FedEx a key player and a household name.
FedEx became a publicly listed company in 1978 under “FDX.” And it made to S&P 500 index in 1989, reflecting its growth.
In this post we will learn about FedEx’ stock price summary and its monthly and yearly returns history since 2000.