Fortune magazine has ranked FedEx Corp. among the top 20 most admired companies in the world for the 10th consecutive year.
The Memphis-based shipping giant was listed at No. 13, according to the publication’s latest survey.
Fortune cited the ability of FedEx (NYSE: FDX) to manage costs while maintaining service levels during the economic downturn, and increased demand in international business, especially in Asia and Latin America, as enhancing the corporation’s overall reputation for reliable deliveries.
“Although FedEx has been ranked a Fortune most admired company in the past, this year’s honor is especially meaningful,” Fred Smith, chairman and chief executive officer of FedEx, said in a statement. “Our being ranked again among the top 20 most admired global companies during such a challenging year is mainly due to the sacrifice, hard work and commitment of our 275,000 team members throughout the world.”
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