Fedex Corporation

IV RECENT DEVELOPMENTS
In 1989 Federal Express Corporation bought Tiger International, operator of Flying Tigers cargo airline, to acquire new international routes. In 1996 Federal Express Corporation introduced shipment processing and tracking capabilities on its World Wide Web site, allowing customers to enter shipment information and access details on the status of their shipments. The following year the company announced it would begin offering three-day delivery service within the United States, a move aimed at increasing its competitiveness with UPS in lower-cost, ground-based delivery services. In 1998 Federal Express Corporation acquired Caliber Systems, a freight company that operated a variety of delivery services, and formed the holding company FDX Corporation.
…