FedEx Earns No. 8 Spot on the FORTUNE World’s Most Admired Companies List
MEMPHIS, Tenn., Feb 27, 2014—FedEx Corp. (NYSE: FDX) is once again among the most admired companies in the world, according to a survey published in FORTUNE magazine.
The annual “World’s Most Admired Companies” report released today lists FedEx as the No. 8 ranked company overall, and No. 1 in the delivery industry. The survey measures nine attributes related to financial performance and corporate reputation.
“We are honored to be included on the FORTUNE World’s Most Admired Companies List,” said Frederick W. Smith, chairman, president and chief executive officer, FedEx Corp. “This recognition is possible because of our 300,000 team members who strive to make every FedEx experience outstanding.”
Since 2001, FedEx has ranked among the top 20 in the FORTUNE World’s Most Admired Companies list.
The FORTUNE/Hay Group started with approximately 1,400 companies: the Fortune 1,000 (the 1,000 largest U.S. companies ranked by revenue) and non-U.S. companies in Fortune's global 500 data base with revenue of $10 billion or more. The group then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 687 companies from 30 countries. To create the 57 industry lists, Hay asked executives, directors, and analysts to rate companies in their industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.
To arrive at the top 50 Most Admired Companies overall, the Hay Group asked 3,800 respondents to select the 10 companies they admired most, from a list made up of the companies that ranked in the top 25% in last year’s survey, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry.
Hay Group, which has conducted the research for the World’s Most Admired Companies list since 1997 and for America's Most Admired Companies since 2001, is a global management consulting firm. For information about Hay Group's services, go to haygroup.com.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $45 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit about.van.fedex.com/newsroom.