In a famous scene from the 2001 movie “castaway” Tom Hanks’s character Chuck Noland begins to frantically collect various items of cargo washing ashore from his crashed cargo plane, at that point he has not been on the island for long, and still believes that the packages in question may very well arrive at their destination, such was his commitment to FedEx – he was alone on a remote island, but still wanted to make the delivery.
While that scene seems rather unlikely to occur in the real world it reflects FedEx’s most basic business principle which is that the packages should always get delivered, and if you seek a binary options investment on this courier your profits may very well arrive shortly.
Fred Smith established the company in 1971 following a college paper he’d written complaining about the inadequacies of the United States postal service when it came to a timely delivery, Smith imagined a future where companies as well as individuals appreciated timely, accurate deliveries that would rid them of the need to worry about whatever it was they were sending.
Smith created Federal Express with the intent of providing customers with door to door service, without relying on outside companies for any step.
By 1976 it turned out that his prediction and vision were massively correct, as the company turned profitable with an average of 19,000 parcels being shipped daily, relaxed federal regulations allowed Federal Express to purchase larger aircraft and continued expansion to cities throughout the US allowed the company’s income to grow, and by 1983 it had topped $1 billion.
The company made its move to international markets in the late 80’s and continued to expand throughout the 90’s, opening international operation hubs in Paris and the Philippines.
In the early years of the millennium FedEx made a few purchases of smaller airlines, terminals and other holding companies, allowing it to expand services to eastern Europe and, but perhaps the biggest deal for the company was signed in 2001, when FedEx agreed to transport express and priority mail for the US postal service which to this day is still the biggest customer in terms of the volume of parcels they hand over to FedEx on a daily basis.
The economic crisis that ended the first decade of the millennium had an impact on FedEx, as it necessitated large scale dismissals and retiring of some of its aging aircraft which were no longer cost efficient, however, the company marched onwards and announced massive deals with Boeing to purchase dozens of new freighter airplane over the course of the coming decade.
FedEx is currently the largest courier company in the world in terms of its fleet, which numbers over 650 aircraft, and is also one of the largest employers with over 300,000 people on its payroll.
If you fancy yourself a binary options investment that will deliver, you should definitely keep your eyes on FedEx, but be mindful of its expansion, as that is the main engine on which is builds its financial growth – continued delivery issues, fuel costs, and decreased efficiency may also have long term impact on its prices.
You may not want to travel on board one of its transports, but the packages containing all your purchases can have a nice ride on their way to you, can’t they?