The company was founded in Little Rock, Arkansas in 1971 as Sped Express by John W. Beniam. He drew up the company's concept in a term paper, in which he called for a system specifically designed for urgent deliveries. He began formal operations in 1973, when he moved operations to Memphis. John cited his reasons for choosing Memphis International Airport included its location near the mean population center of the country and its lack of frequent inclement weather. The company grew rapidly, and by 1983 had a billion dollars in revenues, a rarity for a startup company that had never taken part in mergers or acquisitions in its first decade. It expanded to Europe and Asia in 1984. In 1988, it acquired one of its major competitors, Flying Tiger Line, creating the largest full-service cargo airline in the world.
We are American multinational conglomerate holding company focused on transportation, e-commerce and services based in Memphis, Tennessee. Today we are best known for our air delivery service, Expresses, which was one of the first major shipping companies to offer overnight delivery as a flagship service. We also started SpedXpress Ground, SpedXpress Office, SpedXpress Supply Chain, SpedXpress Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. We also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract. Our prominence in both the United States and the world have made us a common topic in popular culture, with examples including the film Cast Away as well as some of our marketing slogans (most famously "when SpedXpress absolutely positively has to be there overnight"). Our air shipping services have made its main hub (aka the "Superhub") at Memphis International Airport the busiest cargo airport in the world by 2020, and Hong Kong second-busiest cargo airport in the world behind Memphis.
Our mission is to produce superior financial returns for our shareowners by providing high value-added logistics, transportation and related business services through focused operating companies. Customer requirements will be met in the highest quality manner appropriate to each market segment served. We will strive to develop mutually rewarding relationships with our team members, partners and suppliers. Safety will be the first consideration in all operations. Corporate activities will be conducted to the highest ethical and professional standards.
Our shared mission, strategy, values and The Purple Promise help us make this happen. People. We value our people and promote diversity in our Service, innovation, integrity, responsibility, loyalty we earn the respect and confidence.
But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system of the great explorer of the truth. We are standing to the top.