FedEx Express is a major American cargo airline based in Memphis, Tennessee, United States.

[2] It is the namesake and leading subsidiary of FedEx Corporation, delivering freight and packages to more than 375 destinations over 220 countries across six continents each day.

U.S. regional hubs are located at airports in Anchorage, Fort Worth, Greensboro, Miami, Newark, Oakland and Ontario.

International regional hubs are located at the airports in Cologne/Bonn, Dubai, Bengaluru, Delhi, Guangzhou, Liege, Milan, Mumbai, Osaka, Paris, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

[7][8] For an economics class, he submitted a paper which argued that in modern technological society time meant money more than ever before and with the advent of miniaturized electronic circuitry, very small components had become extremely valuable.

But he believed that the U.S. air cargo system was so inflexible and bound by regulations at that time that it was completely incapable of making really fast deliveries.

To ensure accurate sorting and dispatching of every item of freight, the carrier would fly it from all of its pickup stations to a central clearinghouse, from where the entire operation would be controlled.

[13] The company started overnight operations on April 17, 1973, with fourteen Dassault Falcon 20s that connected twenty-five cities in the United States.

A 1977 legislative change (Public Law 95–163) removed restrictions on the routes operated by all-cargo airlines, and enabled Federal Express to purchase its first large aircraft: seven Boeing 727-100s.

[14] In the same year the company introduced ZapMail, a fax service that guaranteed the delivery of up to five pages in less than two hours for $35.

In 1986, the company introduced the "SuperTracker", a hand-held bar code scanner which brought parcel tracking to the shipping industry for the first time.

Also that year, FedEx launched fedex.com as the first transportation web site to offer online package tracking, which allowed customers to conduct business via Internet.

In 2013, FedEx Express won a new 7-year contract for the services ending in 2020, beating out UPS Airlines which launched a competitive bid.

[20] In December 2006, FedEx Express acquired the British courier company ANC Holdings Limited for £120 million.

On June 2, 2009, FedEx opened the new hub building at Piedmont Triad International Airport in Greensboro, North Carolina.

FedEx had to fight many complaints from nearby homeowners about the anticipated noise generated by its aircraft, because most of its flights take place at night.

The roof of the hub features FedEx's largest solar power installation, producing 800,000 kilowatt hours per year.

Because production ended in 2005, FedEx was left with no choice but to acquire secondhand aircraft from other airlines to replace its aging Boeing 727 fleet, at a cost of US$2.6 billion.

The company had planned to introduce the first aircraft into service in August 2008 for use on routes between hubs in the United States and Asia.

FedEx has said that Airbus will allow it to transfer its nonrefundable deposits to purchases of future aircraft, and has stated it may consider the A380F when the A380 program is less affected by construction delays.

[54] The first Dassault Falcon 20C delivered to FedEx (operated with the registration N8FE) is on display at the Steven F. Udvar-Hazy Center of the National Air and Space Museum at the Smithsonian Institution.

In exchange, FedEx pays a monthly administrative fee and reimburses the contractor for any expenses related to the operation and maintenance of the aircraft.

At the time, the company had hoped to replace its entire 30,000 W700 delivery truck fleet with the hybrid, but in June 2009, only 170[65] were on the road.

It had hoped that other companies would order hybrid trucks, and that tax credits would be issued by the United States government to reduce the cost.

The test program consisted of ten hybrid vans deployed in the Italian cities of Milan and Turin.

[65] In July 2009, FedEx Express partnered with Freightliner and Eaton Corporation to convert 92 delivery trucks into hybrids.

[68] In November 2009, FedEx Express purchased 51 gasoline-electric hybrid vehicles from Azure Dynamics, to be put into service in The Bronx, New York City.

[72] Since 2013, FedEx has been purchasing new built 767 and 777 freighters, taking advantage of lower pricing as Boeing worked to replace both models.

It is intended that this system could be deployed on commercial airliners to protect them from terrorist attacks such as the attempted shootdown of a DHL Airbus A300 in 2003.

FedEx Express became the first air carrier to deploy the Guardian on a commercial flight in September 2006, when it equipped an MD-11 freighter with the pod.