Final answer:
FedEx Corporation comprises different independent operating companies such as FedEx Express, FedEx Ground, FedEx Global Logistics, and FedEx Custom Critical, which all under the same brand provide specific shipping and logistics services to cater to different market needs but compete collectively.
Step-by-step explanation:
FedEx Corporation has strategically organized its services into independent operating companies that compete collectively. These services include:
- FedEx Express
- FedEx Ground
- FedEx Global Logistics
- FedEx Custom Critical
Each subsidiary operates independently under the FedEx brand, capitalizing on specific market segments and relying on divergent operational strategies. For example, FedEx Express focuses on overnight and time-sensitive deliveries on a global scale, while FedEx Ground specializes in cost-effective and reliable ground shipment services. FedEx Global Logistics provides a robust portfolio of logistics services, and FedEx Custom Critical offers urgent, expedited shipping solutions. Despite their distinctive services, they all share the FedEx corporate name and compete as a cohesive unit in the overall logistics and shipping industry.