FedEx reports significant global economic contributions for fiscal year 2024

Key highlights from the report include:

- Trade: FedEx supports trade policies that enhance market access. A survey commissioned by FedEx found that most U.S. business decision-makers believe global trade stimulates economic growth and innovation.

- Operational enhancements: In FY 2024, FedEx optimized its surface network into a single transportation system and completed several infrastructure investments.

- Sustainability: The company invested in renewable energy and electrification of its fleet, adding electric vehicles across various markets.

- Small businesses: FedEx aids small- and medium-sized businesses (SAMs) in expanding globally through initiatives like the 'SME Connect' series.

- Supply chain: In 2023, 90% of suppliers contracted by FedEx were small businesses.

- Giving: Through FedEx Cares, the company contributed over $55 million via partnerships with NGOs and nonprofits.

In the United States, where it employs approximately 370,000 people, FedEx directly contributed an estimated 6.7% of net economic output to the Transportation and Warehousing sector in FY 2024. The company also indirectly contributed $8.1 billion across the U.S. economy.

FedEx's operations include major air hubs in Memphis and Indianapolis as well as international gateways in Alaska and Miami. These facilities help adapt to changing economic conditions and facilitate global trade.

For more details on these findings, readers can access the full FY 2024 FedEx Global Economic Impact Report at fedex.com/economicimpact.