FedEx Corp. has once again been named one of the world’s most admired companies in the ranking published by FORTUNE magazine. In the latest annual “World’s Most Admired Companies” report, FedEx ranked 12th overall and 1st in the courier industry. The study measures nine attributes related to financial performance and corporate reputation. FedEx has been ranked in the top 20 of the world’s most admired companies by FORTUNE magazine since 2001.
In the first phase of the study, the Hay Group/FORTUNE selected approximately 1,400 entities: companies from the Fortune 1000 list (the 1,000 largest U.S. companies by revenue) and non-U.S. companies in the Fortune Global 500 database with revenues of at least $10 billion. Subsequently, the 15 largest companies in each international industry (competing on a global scale) and the 10 largest companies in each industry focused on the U.S. market were selected. The study covered a total of 687 companies from 30 countries. To create the 57 industry lists, the Hay Group asked executives, directors, and industry analysts to rate companies in their respective industries based on nine criteria, ranging from investment value to social responsibility. Only companies that ranked in the top half of their industry were considered for the ranking.
To determine the 50 most admired companies in the world, the Hay Group asked 3,800 respondents to select the 10 companies they admired most from a list consisting of the top 25% of companies from the previous year’s ranking and the top 20% of companies from each industry. Anyone could vote for any company from any industry.
The Hay Group, which has conducted the study for the World’s Most Admired Companies ranking since 1997 and the Most Admired U.S. Companies ranking since 2001, is a global management consulting firm. Information about Hay Group’s services can be found at haygroup.com.
– This great honor reflects the daily efforts of hundreds of thousands of our employees to ensure that every FedEx service is excellent – said Frederick W. Smith, Chairman and CEO of FedEx Corp.