Aramex
Overview
 
Aramex is a global transportation and logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...

 services company providing a variety of express
Express mail
In most postal systems express mail refers to an accelerated delivery service for which the customer pays a surcharge and receives faster delivery. Express mail is a service for domestic mail and is governed by a country's own postal administration...

, logistics, freight forwarding and domestic distribution services. The company was established in 1982 and is headquartered in Amman
Amman
Amman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...

, Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...

. Aramex also provides a number of retail services including mail-order catalog services and mail forwarding
Mail forwarding
Post offices and other mail service providers typically offer a mail forwarding service, commonly known as hybrid mail or virtual post office box services, to redirect mail destined for one location to another – usually for a given period of time. In the case of the United States Postal Service's...

 services.
Aramex was founded by Fadi Ghandour
Fadi Ghandour
Fadi Ali Ghandour is a Jordanian entrepreneur mostly known for being the founder and CEO of Aramex, one of the global logistics and transportation providers. Ghandour co-founded Aramex in 1982 in Amman, Jordan and has served as CEO since then. Aramex was the first company from the Arab world to go...

 in 1982, where its name was acronym of "ARab AMerican EXpress" before its brand name Aramex
Aramex
Aramex is a global transportation and logistics services company providing a variety of express, logistics, freight forwarding and domestic distribution services. The company was established in 1982 and is headquartered in Amman, Jordan...

.
Encyclopedia
Aramex is a global transportation and logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...

 services company providing a variety of express
Express mail
In most postal systems express mail refers to an accelerated delivery service for which the customer pays a surcharge and receives faster delivery. Express mail is a service for domestic mail and is governed by a country's own postal administration...

, logistics, freight forwarding and domestic distribution services. The company was established in 1982 and is headquartered in Amman
Amman
Amman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...

, Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...

. Aramex also provides a number of retail services including mail-order catalog services and mail forwarding
Mail forwarding
Post offices and other mail service providers typically offer a mail forwarding service, commonly known as hybrid mail or virtual post office box services, to redirect mail destined for one location to another – usually for a given period of time. In the case of the United States Postal Service's...

 services.

History

Aramex was founded by Fadi Ghandour
Fadi Ghandour
Fadi Ali Ghandour is a Jordanian entrepreneur mostly known for being the founder and CEO of Aramex, one of the global logistics and transportation providers. Ghandour co-founded Aramex in 1982 in Amman, Jordan and has served as CEO since then. Aramex was the first company from the Arab world to go...

 in 1982, where its name was acronym of "ARab AMerican EXpress" before its brand name Aramex
Aramex
Aramex is a global transportation and logistics services company providing a variety of express, logistics, freight forwarding and domestic distribution services. The company was established in 1982 and is headquartered in Amman, Jordan...

. In 1982 Mr. Ghandour began operations as an express wholesaler to North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

n express delivery companies such as FedEx
FedEx
FedEx Corporation , originally known as FDX Corporation, is a logistics services company, based in the United States with headquarters in Memphis, Tennessee...

, Purolator
Purolator Courier
Purolator Courier Ltd. is a Canadian courier that is 91% owned by Canada Post Corporation, 7% owned by Barry Lapointe Holdings Ltd. and 2% by others....

, Burlington Northern, Emery
Emery Worldwide
Emery Worldwide was a cargo airline, once one of the leading carriers in the cargo airline world. Its headquarters were located in Redwood City, California....

, and Airborne Express
Airborne Express
Airborne Express was an express delivery company and cargo airline. Headquartered in Seattle, Washington, its hub was at Wilmington, Ohio.Airborne was founded as the Airborne Flower Traffic Association of California in 1946 to fly flowers from the state of Hawaii to US Mainland.Airborne Express...

 with DHL
DHL
DHL Express is a division of the German logistics company Deutsche Post providing international express mail services. DHL is a world market leader in sea and air mail....

 as its main competitor in the region. In 1990, Aramex co-founded the Overseas Express Carriers (OEC) network, along with Airborne Express, an alliance of independent global express companies that functioned as a worldwide delivery network for its members to compete with larger companies.

In 1997, Aramex was listed on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...

 and was the first international
International
----International mostly means something that involves more than one country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries...

 company in the region to do so. In 2002, as Aramex was celebrating its 20th anniversary, it was approached by Abraaj Capital
Abraaj Capital
Abraaj Capital is among the world's 50-biggest private equity groups, and invests in the growing Middle East, North Africa and South Asia region, a region also known as MENASA. Abraaj manages about $6.6 billion of funds and stakes in about two dozen companies, including some of the best known in...

 and consequently Aramex decided to delist from the NASDAQ. The Company moved to private ownership after being acquired in a leveraged management buyout
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...

 by Aramex CEO and Co-Founder Fadi Ghandour
Fadi Ghandour
Fadi Ali Ghandour is a Jordanian entrepreneur mostly known for being the founder and CEO of Aramex, one of the global logistics and transportation providers. Ghandour co-founded Aramex in 1982 in Amman, Jordan and has served as CEO since then. Aramex was the first company from the Arab world to go...

.

In 2003, DHL acquired Airborne Express, Aramex’s main United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 partner. This resulted in Airborne Express exiting the Airborne Alliance. In the same year, Aramex took over the alliance and co-founded the Global Distribution Alliance (GDA), a global alliance of 40 express companies with combined revenues of $7.5 billion. Aramex is chairing the alliance which uses a shipment management system developed by the company.

After deciding to list on the Dubai stock market, the company's initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...

 made available a total of about 550 million shares to the public at a price of Dh
United Arab Emirates dirham
The dirham is the currency of the United Arab Emirates. The ISO 4217 code for the United Arab Emirates dirham is AED. Unofficial abbreviations include DH or Dhs. The dirham is subdivided into 100 ....

1 per share.

As part of its expansion plans, Aramex concluded a series of acquisitions, including Priority Airfreight, InfoFort, Freight Professionals and TwoWay-Vanguard.

World-renowned writer and columnist Thomas L. Friedman used Aramex in his book The World Is Flat
The World Is Flat
The World Is Flat: A Brief History of the Twenty-First Century is an international bestselling book by Thomas Friedman that analyzes globalization, primarily in the early 21st century. The title is a metaphor for viewing the world as a level playing field in terms of commerce, where all competitors...

as an example of companies that benefit from what he calls the flattening
Flattening
The flattening, ellipticity, or oblateness of an oblate spheroid is a measure of the "squashing" of the spheroid's pole, towards its equator...

 of the world. The flattening of the world is the leveling of the economic field and the destruction of “barriers to entry,” opening the door wide for an individual or a company anywhere in the world to collaborate or compete globally.
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