FedEx (formerly Federal Express) is the world leader in personal and commercial shipping fulfillments, based in Memphis, Tennessee.

On October 20, 2009 3 states including New York, New Jersey and Montanta entered into litigation with the Memphis based shipping and shipping supply company for among other things but not limited to labor violations. http://www.reuters.com/article/domesticNews/idUSTRE59J52520091020?feedType=RSS&feedName=domesticNews

On April 3, 2009, FedEx confirmed that it has cut 1,000 jobs world wide, half of which are salaried personnel from their center in Memphis. FedEx said their profits fell 75% over last year, and they have begun making more than $1 billion in cost-cuts.MyEyeWitnessNews: FedEx Cuts 500 Jobs in Memphis, 1,000 Worldwide (April 3, 2009)

1. 1971: Founded by Fred Smith
2. 1973: Move from Little Rock, AR to Memphis
3. 1989: Acquires Flying Tigers cargo airline
4. 1994: Name officially shortened to FedEx
5. 1998: Acquires Caliber System, Inc
6. 2000: Signs 7-year contract with USPS for high-priority mail
7. 2004: Buys Kinko's to create FedEx/Kinko's

1. FedEx Custom Critical
2. FedEx Express
3. FedEx Freight
4. FedEx Ground
5. FedEx Kinko's
6. FedEx Services
7. FedEx Supply Chain
8. FedEx Trade Networks

On January 27, 2009, a FedEx cargo plane attempting to land skidded off a runway and crashed at an airport in Lubbock, Texas. Two crew members reportedly suffered "minor" injuries in the accident, which happened while light, freezing rain was falling in the area. Reports said a small fire was reported on board the aircraft, but the extent of the damage to the plane was unknown. The FAA was investigating the crash.CNN: FedEx plane crashes in Texas (January 27, 2009)

Despite posting a profit in the final quarter of 2008, FedEx announced that their salaried staff would be taking a pay cut and their retirement plan contributions would be suspended due to the 2008 economic crisis and recession.The New York Times: FedEx Imposes Some Cuts in Pay and Pensions (December 19, 2008)

Cost-cutting by FedEx begun in December 2008 included pay cuts for an estimated 14,000 workers in Memphis, a permanent 5% pay cut for 36,000 salaried exempt employees nationwide, and larger pay cuts for top executives. FedEx has suspended matching 401(k) contributions and plans to extend pay cuts to foreign workers as well. Laid offs began on April 3, 2009.Memphis Commercial Appeal: [About 500 FedEx workers in Memphis are laid off today (April 3, 2009)

Laid off workers were offered severance packages, job counseling and the opportunity to apply for future openings before they are advertises to outsiders.Memphis Commercial Appeal: [About 500 FedEx workers in Memphis are laid off today (April 3, 2009)