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At the age of 16 along with his 2 friends formed Ardent Record Co. This business still exist and produced a number of hits, including Rock House and Big Satin Mama
History of FedEx
Begin operation in April 1974, with 14 Falcon jets servicing 25 cities. By mid-1974 start losing more than $1 million a month. Lost $13.4 million in its first two years. 1976 FedEx went public and by 1980 revenue had zoomed to $415.4 million & profit soared to 38.7 million.
Contd
1999 The company has become No.1 overnight shipper in the world, delivering more than 3 million packages to nearly 210 countries each working day.
Cost effective. Alternative for small packages. Distance and time are wider.
When customers need it now. 24hrs. 7 days a week, including nights, weekends and holidays.
Heavy weight shipments. Less than truck load (LTL) freight. 600 miles next day delivery. 1,600+ miles second day delivery.
Custom brokerage. Electronic custom clearance. Speed shipments across the border.
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