ECON102 Study Guide - Midterm Guide: Genco, Mobile App, Verizon Communications

• School: University of Waterloo
• Department: Economics
• Course: ECON102
• Professor: Olivia Mesta

Document Summary

Frederick smith, a yale student, wrote a term paper outlining a system that would accommodate urgent, time-sensitive shipments in 1965. That proposed system became a reality in 1971, known as the federal express corporation. Corporation adopted the name, fedex, as its brand, being recognized as the worldwide standard for fast, reliable transport service. Acquisitions, notably their acquisition of genco, north america"s largest third-party logistics provider in 2015, allowed fedex to expand its services beyond a transportation and logistics provider, but to aim to provide e-commerce and innovative business solutions for their customers. Their focus is to connect people, businesses, and ideas throughout the world through their air, ground and sea networks that cover more than 220 countries and territories. The expansion of the company has led to the development of multiple fedex branches under the fedex corporation (appendix: item #1). Providing high value-added logistics, transportation and related business services through focused operating companies .