To: Darryl Olson who wrote (211 ) 10/23/1998 10:19:00 AM From: Darryl Olson Read Replies (1) | Respond to of 524
Fed-Ex continues to push the technology envelope. BURRELLE'S/VMS NewsAlert Service 75 East Northfield Road/ Livingston, NJ / 973-992-6600 SOURCE: www.culinary.net KS SUPPLIER: World Wide Web DATE: 10-09-98 HEADLINE: ( BW)(FEDERAL-EXPRESS)(FDX) FedEx Opens Leading Edge Technology Campus BW1312 OCT 09,1998 12:52 PACIFIC 15:52 EASTERN Business Editors MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 9, 1998-- - Complex is Modeled After Silicon Valley Campuses - Federal Express Corp. ("FedEx") today unveiled its World Tech Center technology campus, designed to optimize teamwork, quicken the pace of innovative developments and provide a cutting-edge, highly productive work environment for FedEx's technology workforce. Phase I of the campus, located in Collierville, Tenn., will consolidate 1,500 employees from the company's information technology (IT) and the logistics and electronic commerce (LEC) organizations. This state-of-the-art facility gives FedEx a distinct advantage in recruiting and retaining technically skilled employees by offering them a dynamic and progressive work setting. "One of the company's highest priorities and challenges is to retain and attract the best and brightest minds in the IT industry. Our new World Tech Center will offer this highly skilled talent a cutting-edge environment enabling FedEx to extend its information technology leadership into the next millennium," said Dennis H. Jones, CIO and executive vice president of FDX Corp. "This complex is a cost- effective replacement that consolidates a heretofore, ad hoc collection of leased space around the city of Memphis. "Although FedEx has long been recognized as a technology pioneer in the transportation and e-commerce industry, we intend to maintain our leadership by accelerating the deployment of new technologies that require the latest in IT skills," added Jones. This complex is equipped with 51 training rooms, a customer-briefing center and a technology demonstration room that will showcase the latest FedEx technology. Phase II, currently under construction, will consolidate another 1,200 employees in four buildings and is set on an adjacent 48 acres. Phase II will open for occupancy in August 1999. Technology has played a key role in differentiating FedEx services for nearly 20 years. The company was first to offer customers an onsite automation device, FedEx PowerShip(R), designed to eliminate the manual preparation of paperwork and to help them provide better service to their customers. In that vein, a new device, currently in beta test, will allow both FedEx and RPS shipping capabilities on the same device, through the same integrated interface. The device will be offered on a limited basis to qualified customers once it becomes available for general release. Federal Express, a subsidiary of FDX Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3 million items to 211 countries each working day. FedEx employs more than 142,000 employees and has more than 44,700 drop-off locations, 615 aircraft and 40,900 vehicles in its integrated global network. The company maintains electronic connections with more than a million customers via FedEx Powership(R), FedEx Ship(R) and FedEx interNetShip(SM). Federal Express reported revenues of $13.3 billion for its fiscal year ended May 31, 1998. FDX Corp., a $16 billion holding company, provides comprehensive transportation, logistics, and supply chain management solutions on a worldwide scale. FDX Corp.'s primary operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., a business-to-business ground package carrier; Roberts Express Inc., a critical-shipment carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western United