FedEx ranks No. 70 on the 2006 FORTUNE 500
The Memphis, Tenn.-based company is in the top 100 on FORTUNE's latest list of America's largest corporations.
NEW YORK (FORTUNE Magazine) - FedEx (Research) ranks no. 70 on this year's list of the FORTUNE 500, with $29,363 million in revenues, up 18.8% from the previous year. The Memphis, Tenn.-based company was ranked no. 78 on the 2005 list. Its 2005 profits were $1,449 million, up 72.9% from a year earlier.
This year, FORTUNE 500 companies overall brought in a record $9.1 trillion in revenues and $610 billion in profits. And while the economy as a whole grew 3.5% last year, FORTUNE 500 companies did much better, increasing their revenues by a healthy 15.4%.
The FORTUNE 500 list is an annual ranking of America's largest corporations by revenues. Its companies employ more than 24 million people, about 16% of working Americans.
See FedEx's FORTUNE 500 details, including financial stats and contact information.
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