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Group-7
FedEx
FedEx History
Business model conceived by Fred Smith in an undergraduate term paper. Invests $4 million of his own capital and raises and addition $91 million. Launches in 1971
UPS
UPS History
Started in 1907 by 19 year-old Jim Casey then called American Messenger Company. Became United Parcel Service of America in 1929 and began shipping packages on commercial airliners.
Head-to-Head
FedEx Ground Vehicles Aircraft Employees 50,000 625 216,500 UPS 150000 583 360,000
FedEx vs UPS
Some facts
UPS handles three times as many packages as the purple and orange company, and it makes four times as much money It began going after FedEx's high-margin core business, next-day air-express, with surprising success. UPS raised $5.4 billion in the largest IPO ever to take on FedEx in US and Europe..