Federal Express Corporation, commonly known as FedEx, is an American multinational courier delivery services company headquartered in Memphis, Tennessee. The name FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. The company is known for its overnight shipping service and pioneering a system that tracks packages and provides real-time updates on package location (to help in finding lost packages), a service that was a great success. FedEx Corporation is an import/export company, incorporated October 2, 1997, in Delaware. FDX Corporation was founded in 1971 with the launch of Federal Express (FedEx) with C. W. (Fred) Smith as its chairman, president, and CEO."