April 17, 1973: FedEx started overnight delivery

April 17, 1973: FedEx started overnight delivery

MEMPHIS, TN (WMC) - On April 17, 1973, with 14 planes, 186 packages and 389 team members, FedEx began its overnight delivery operations.

Fourteen small aircrafts left Memphis and delivered 186 packages to 25 cities in the United States, including Rochester, NY and Miami, FL.

Even though FedEx didn't see a profit until July of 1975, the company soon became the premier carrier for high-priority goods, setting the standard for shipping in the industry.

FedEx was well established by the 1980s. The company's rapid growth saw about 40 percent in annual revenue, making it hard for its competitors to catch up. By 1983, the company saw roughly $1 billion in revenues, "making American business history as the first company to reach that financial hallmark inside 10 years of startup without mergers or acquisitions."

Today, FedEx has more than 340,000 employees globally and deliver more than 10 million packages daily to more than 220 countries and territories.

To learn more about this history of FedEx, click here.

Copyright 2016 WMC Action News 5. All rights reserved.