Federal Express Corporation (FedEx), is an American multinational courier delivery services company. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000.
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The company is known for its overnight shipping service, but also for pioneering a system that could track packages and provide real-time updates on package location (to help in finding lost packages), a feature that has now been implemented by most other carrier services.
In April 2015, FedEx acquired their rival firm TNT Express for $4.8 billion as it looks to expand their operations in Europe.
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