HistoryIn 1913, CJ Tower & Sons, the forerunner of FedEx Trade Networks Transport & Brokerage, a subsidiary of FedEx Trade Networks, began operations as a customs broker in Niagara Falls, New York State. It wasn't until 1971 that Federal Express Corporation was founded in Little Rock, Ark. In 1975, FedEx installed the first drop box for the public and since then the company has developed and maintained strategic leadership in managing a broad group of transportation, e-commerce and other business services . . The Company provides integrated business solutions through a network of independently operating subsidiaries, including: FedEx Express, the world's largest express transportation company; FedEx Ground, the second largest provider of small package ground delivery services in North America; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of time-critical expedited shipping; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions. (www.fedex.com) Financial Strength and Market Share FedEx has annual sales of $20 billion and is the world's leading provider of transportation, e-commerce and supply chain management services. FedEx represents a large market worldwide. It is a fact that FedEx reported an average daily express package volume of 3,167,000 for the fiscal year ended May 2004, with a volume of 2,771,000 in the United States. Of these United States mailings, 1,846,000 (66.6%) were night mailings and 667,000 (24.1%) were night letters. The total daily volume of international packages was 396,000, or only 12.5% ​​of all shipments, and FedEx does not break down shipments overnight (www.yahoo.com) (Appendix A)Geo coverageThe delivery company FedEx, the world's largest courier service, provides a good example of how intermodal transportation works. The FedEx network is built around a single airport located on each continent. The US hub is located in Memphis, Tennessee, the Middle East hub is located in Dubai, Subic Bay, Philippines serves as the Asian hub, and Roissy, France, represents the European hub. These redistribution points act as bridges between international relations. In addition to its network of strategic airports, FedEx is present in more than 325 airports in 212 countries around the world..