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Federal Categorical Company (FedEx), is an American multinational courier supply providers firm. The identify “FedEx” is a syllabic abbreviation of the identify of the corporate’s authentic air division, Federal Categorical, which was used from 1973 till 2000.
The corporate is thought for its in a single day delivery service, but additionally for pioneering a system that might monitor packages and supply real-time updates on bundle location (to assist in discovering misplaced packages), a function that has now been applied by most different provider providers.
In April 2015, FedEx acquired their rival agency TNT Categorical for $4.8 billion because it seems to develop their operations in Europe.
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