page_title: FedEx Express
section_title: Economic downturn
hierarchical_section_title: FedEx Express / History / Economic downturn
caption_attribution_description: English: FedEx Express DC-10 landing at San Jose at 6:33am Suomi: FedEx Expressin DC-10 laskussa San Jose'ssa
context_page_description: FedEx Express, formerly Federal Express, is a cargo airline based in Memphis, Tennessee, United States. In 2017, it was the world's largest airline in terms of freight tons flown and the world's ninth largest in terms of fleet size. It is the namesake and leading subsidiary of FedEx Corporation, delivering freight and packages to more than 375 destinations across all six continents each day.
  Its headquarters are in Memphis with its global "SuperHub" located at Memphis International Airport. In the United States, FedEx Express has a national hub at Indianapolis International Airport. Regional hubs are located at Ted Stevens Anchorage International Airport, Oakland International Airport, Newark Liberty International Airport, Fort Worth Alliance Airport, Piedmont Triad International Airport, and Miami International Airport. International regional hubs are located at Paris-Charles de Gaulle Airport, Guangzhou Baiyun International Airport, Kansai International Airport, Toronto Pearson International Airport, Cologne Bonn Airport and Liège Airport. There are a total of 12 air hubs in the company's worldwide network. The company slogan is The World On Time.
context_section_description: The late-2000s recession hit parent company FedEx Corporation and its express division hard. Many companies looking for ways to save money stopped shipping or moved to cheaper alternatives, such as surface shipping. FedEx Corporation announced large network capacity reductions at FedEx Express, including retiring some of its oldest and least efficient aircraft such as the McDonnell Douglas DC-10 and the Airbus A310. FedEx also announced layoffs and work hour reductions at some of its hubs.
  In December 2008, FedEx postponed delivery of the new Boeing 777 Freighter; four were delivered in 2010 as previously agreed, but in 2011, FedEx only took delivery of four, rather than the ten originally planned. The remaining aircraft were delivered in 2012 and 2013.
  FedEx Express closed a hub for the first time in its history, when operations at its Asian-Pacific hub at Subic Bay International Airport in the Philippines ceased on February 6, 2009. The operations were transferred to Guangzhou Baiyun International Airport in southern China. FedEx Express had planned to open the new Chinese hub in December 2008, but in November 2008, the company delayed the opening until early 2009, citing the need to fully test the new hub.
  On June 2, 2009, FedEx opened the new hub building at Piedmont Triad International Airport in Greensboro, North Carolina. FedEx announced in December 2008 that it still intended to open the building on time despite the bad economy. The hub's operations would be scaled back from 1,500 employees to only 160, the size of the previous operations at the much smaller sorting facility. FedEx gave no time line as to when the hub would be operating at expected hub levels. The hub had been delayed many years since FedEx first picked the airport to be its Mid-Atlantic U.S. hub back in 1998. FedEx had to fight many complaints from nearby homeowners about the anticipated noise generated by its aircraft, because most of its flights take place at night. A third runway was built to accommodate the hub operation and the extra aircraft.  FedEx began full hub operations at the Greensboro facility September 2, 2018.
  On October 27, 2010, FedEx opened its Central and Eastern European hub at Cologne Bonn Airport. The hub features a fully automated sorting system that can process up to 18,000 packages per hour. The roof of the hub features FedEx's largest solar power installation, producing 800,000 kilowatt hours per year.
  On December 7, 2018, the company announced the retirement of David Cunningham on December 31, 2018. He will be succeeded as CEO and president by Executive Vice President Rajesh Subramaniam, who had been with FedEx for more than 27 years and held various executive level positions.
caption: A DC-10-30F in its first inaugural flight to San Jose International Airport.
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