FedEx is a global transportation and logistics company that manages the pickup, sortation, and delivery of packages and freight. The company prioritizes shipping for business customers in sectors like healthcare, automotive, and technology. FedEx operates a global hub-and-spoke network including the world's largest all-cargo air fleet of approximately 700 aircraft and 180,000 ground vehicles. The company organizes its business into two primary segments: Express U.S. Domestic and Express International. The domestic segment offers overnight, ground, and same-day services across the U.S., anchored by hubs in Memphis and Indianapolis. Express International provides cross-border shipping and logistics for nearly all global markets. FedEx generates revenue by charging shippers for package movement, with profitability tied to volume and yield. High fixed costs in aircraft and infrastructure create operating leverage as shipping density increases. To improve efficiency, FedEx is executing the Network 2.0 initiative to consolidate its U.S. surface network and the Tricolor program to optimize its international air fleet. The company also develops digital products through FedEx Dataworks, which uses AI to offer supply chain intelligence. FedEx recently narrowed its focus to these core express operations by spinning off its freight trucking business and selling its warehousing unit.