FedEx Freight, a subsidiary of FedEx Corp., has awarded 14 four-year scholarships to college-bound children of its employees. Each of the winning students receives $2,000 per year, starting with the 2003-04 school year. The new scholarship program was established to honor the founders of the two operating companies that now make up FedEx Freight: Sheridan Garrison, founder of American Freightways, and Richard and Randolph Bangham, founders of Viking Freight. The National Merit Scholarship Corp. coordinates the scholarship selection process on behalf of Fed Ex Freight. Criteria include academic performance and extracurricular achievements.
"FedEx Freight has a people-first philosophy, and we are pleased to of fer this program for our employees and their families. By helping these bright and capable students pursue higher education, we are ultimately helping all of the communities we serve by developing productive business and civic leaders for the future,"says Douglas G. Duncan, president and CEO of FedEx Freight.