October 01, 2014 4:49 PM ET

Air Freight and Logistics

Company Overview of FedEx SmartPost, Inc.

Company Overview

FedEx SmartPost, Inc. engages in shipping low-weight packages for residential customers in the United States and Canada. The company’s services include pickup, scanning and sorting, zone skipping, and delivery, as well as Web-based tools that provide access to package information, shipment-status tracking, logistics analysis, billing statements, and report creation. It serves online retailers, catalogers, fulfillment houses, direct marketers, and business-to-consumer shippers. FedEx SmartPost was formerly known as Parcel Direct, Inc. and changed its name to FedEx SmartPost in September 2004. The company was founded in 1998 and is headquartered in New Berlin, Wisconsin. FedEx SmartPost, Inc. ...

16555 West Rogers Drive

New Berlin, WI 53151

United States

Founded in 1998

Phone:

414-566-6900

Fax:

262-827-9238

Key Executives for FedEx SmartPost, Inc.

Chief Executive Officer of FedEx Ground and President of FedEx Ground
Age: 67
Compensation as of Fiscal Year 2014.

FedEx SmartPost, Inc. Key Developments

FedEx SmartPost Announces Revenue Results for the First Quarter Ended August 31, 2014

FedEx SmartPost announced revenue results for the first quarter ended August 31, 2014. For the quarter, revenue was $221 million compared to $224 million a year ago.

FedEx SmartPost Reports Unaudited Revenue and Operating Results for the Second Quarter and Six Months Ended November 30, 2013

FedEx SmartPost reported unaudited revenue and operating results for the second quarter and six months ended November 30, 2013. For the quarter the company reported revenue of $248 million against $234 million a year ago. Company's net revenue per package was down 3% due to higher postage rates and lower fuel surcharges, partially offset by rate increases. For the six months, the company reported total revenue of $472 million against $423 million a year ago. For the quarter, the company reported total average daily package volumes were of 2,218,000 compared to 2,038,000 a year ago. Yield was $1.77 compared to $1.82 a year ago. Company's average daily volume increased 9% primarily due to growth in e-commerce. For the six months, the company reported total average daily package volumes were of 2,154,000 compared to 1,848,000 a year ago. Yield was $1.72 compared to $1.79 a year ago.

Fedex Smartpost Moving Headquarters from New Berlin to Brookfield

FedEx SmartPost announced that in early 2014 will move its headquarters from New Berlin to a 79,228-square-foot office in Brookfield that it leased from Hammes Co. The Brookfield office building overlooks Interstate 94 from 17950 W. Corporate Drive, and has sat vacant since 2010 when the previous tenant, AT&T, moved out, said Andrew Weltcheff, senior vice president of asset management for Hammes Co., Brookfield.

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