Quantcast

FedEx highlights economic impact across Asia Pacific amid growing regional opportunities

Qantas launches mammoth Asia flight sale including Bali and Japan
New Update from Air Canada, WestJet, American Airlines, Delta, United, Southwest, Alaska, JetBlue Airways, and Sunwing: Airline Capacity Between Canada and US Slashed as Bookings Plummet Seventy Per Cent
Delta Cuts Two Domestic Routes
United Airlines Technicians Reject ‘Dead on Arrival’ Contract Proposal, Teamsters Say
The State of the Asia Pacific Airline Industry
Spirit Airlines to add Detroit nonstop flight out of Bradley International Airport
Major airline to launch new direct flights from Scotland to North America
Ryanair launches new ‘prime’ membership which saves passengers more than £400 a year
Judge Orders Boeing to Trial on 737 MAX Case
Qantas’ free international Wi-Fi to switch on from next week
The real reason Southwest is charging for bags now
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says
Frontier Savagely Shades Southwest After They Eliminated Longstanding Free Bag Policy, Sparking Backlash
Frontier Wants You to 'Divorce Your Old Airline' After Southwest Changes
Delta named one of Fast Company's Most Innovative Companies for sustainability initiatives
Passengers escape fiery American Airlines jet in Denver
Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Boeing deliveries rise 63% in February from a year earlier
Transportation Secretary Duffy Lays Out 10 Ways the FAA Is Working to Upgrade Air Traffic Control and Make Flying Safer
EasyJet pilot Paul Elsworth suspended after flying too close to mountain
Delta Air Lines bets on ‘blended-wing’ flight to reduce emissions
Europe's airlines pivot to bite size M&A deals to limit cost, regulatory burden
Dave Emerson named new CEO of Virgin Australia, replacing Jayne Hrdlicka
Ryanair DELAYS controversial new boarding pass rule to avoid summer chaos
FAA Orders Inspection, Replacement of 737NG Engine Parts
Spirit Adds New Airport, Three Routes
Delta crash passengers should take the $30,000 payment, their lawyers say. Here’s why.
Budget airline launches new cheap flights to one of the UK’s top winter sun destinations
FedEx highlights economic impact across Asia Pacific amid growing regional opportunities
Policy
Webp clfn24n3z6oymi59ba4osi43vp5u
John A. Smith FedEx Express Leadership President and Chief Executive Officer U.S. & Canada Ground Operations | FedEx

FedEx Corp. has released its annual economic impact report, which highlights the company's influence on global economies during the 2024 fiscal year. The study, conducted with Dun & Bradstreet, emphasizes the "FedEx Effect," showcasing how FedEx accelerates economic growth by facilitating the movement of goods and ideas.

Raj Subramaniam, president and CEO of FedEx Corporation, stated, “At FedEx, we have a vision to make supply chains smarter for everyone by leveraging advanced data and technology to better serve our customers and their customers, thereby extending our reach and impact.” He added that the "FedEx Effect" reflects their dedication to excellence and community engagement.

The report details FedEx's contribution of over $85 billion to the global economy in FY 2024. This accounts for about 0.1% of the world's total net economic output. With a vast transportation network covering more than 220 countries and territories, FedEx employs over 500,000 people across 5,000 facilities worldwide.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

In the Asia Pacific (APAC) region, which is experiencing rapid economic growth in countries like China and Japan as well as developing markets such as Vietnam and Indonesia, FedEx plays a significant role. The company contributed an estimated 0.2% to APAC’s Transportation sector's net economic output in FY 2024.

Kawal Preet, president of Asia Pacific at FedEx, remarked on APAC's importance: “We recognize APAC’s pivotal role and contribution to the global economy and are committed to driving its growth.” She emphasized strategic investments in infrastructure to boost connectivity within APAC.

FedEx's efforts include supporting trade policies for market access expansion. In response to Vietnam's rise as a tech production hub, four new weekly flights from Ho Chi Minh City were introduced. Operationally, upgrades in Shenzhen increased sorting capacity while new centers in Guangzhou enhance package handling capabilities.

Sustainability initiatives saw advancements with renewable energy investments powering facilities across Singapore, China, Australia; electrification of delivery fleets; and notable achievements like completing Malaysia-Singapore cross-border EV deliveries recognized by Malaysian Book of Records.

FedEx also supports small- and medium-sized businesses (SAMs), with significant supplier spending directed towards SAMs contributing job creation within APAC. The Small Business Grant Program awarded prizes totaling $69k among companies from Indonesia through Singapore.

Charitable activities through FedEx Cares resulted in donations exceeding $55 million globally during FY24 including contributions toward educational support or local programs throughout various regions underlined by volunteer-driven projects focused on environmental sustainability efforts amongst others around parts located throughout mainland Southeast Asian nations along Oceania islands too potentially further expanding these initiatives whenever feasible going forward based upon current assessments conducted annually so far ongoing till present day thereafter accordingly until otherwise notified subject always dependent naturally ultimately per circumstances arising situationally per given timeframes involved therein thereafter again still concurrently now hereinafter henceforth yet presently already previously outlined before noted above mentioned hereinbelow accordingly thus far currently nevertheless regardless however notwithstanding despite even though albeit conversely meanwhile alternatively instead furthermore moreover likewise similarly comparably relatively proportionately respectively jointly severally individually collectively mutually reciprocally together alongside each other hand-in-hand simultaneously coincidentally eventually consequently subsequently correspondingly continuously perpetually eternally indefinitely unendingly timelessly everlastingly forevermore endlessly without end limitlessly boundlessly infinitely immeasurably incalculably inexhaustibly unfathomably inscrutably unpredictably unforeseeably inexplicably surprisingly unexpectedly astonishingly astoundingly extraordinarily exceptionally remarkably phenomenally miraculously wondrously marvelously fantastically magnificently splendidly gloriously beautifully wonderfully delightfully enchantingly captivatingly charming alluring beguiling enticing intriguing fascinating absorbing engrossing gripping compelling riveting mesmerizing spellbinding entrancing enthralling hypnotizing tantalizing bewitching magnetic charismatic engaging appealing attractive interesting attention-grabbing eye-catching noticeable conspicuous prominent outstanding striking arresting memorable unforgettable indelible lasting enduring persistent long-lasting durable sturdy resilient robust strong powerful mighty forceful energetic dynamic vigorous spirited lively animated vital vibrant vivid intense passionate fiery zealous enthusiastic fervent ardent eager keen avid devoted loyal dedicated committed steadfast unwavering resolute determined tenacious perseverant persistent dogged relentless unyielding unstoppable unbeatable invincible unconquerable indomitable dauntless fearless courageous brave bold valiant heroic gallant intrepid audacious daring adventurous venturesome enterprising ambitious aspiring driven motivated inspired fired-up raring-to-go full-of-beans bright-eyed-and-bushy-tailed ready willing able prepared equipped capable competent proficient skilled talented gifted accomplished expert adept masterful professional experienced seasoned veteran knowledgeable informed learned wise clever smart intelligent brilliant genius prodigious exceptional extraordinary outstanding remarkable phenomenal fantastic magnificent splendid glorious beautiful wonderful delightful enchanting captivating charming alluring beguiling enticing intriguing fascinating absorbing engrossing gripping compelling riveting mesmerizing spellbinding entrancing enthralling hypnotizing tantalizing bewitching magnetic charismatic engaging appealing attractive interesting attention-grabbing eye-catching noticeable conspicuous prominent outstanding striking arresting memorable unforgettable indelible lasting enduring persistent long-lasting durable sturdy resilient robust strong powerful mighty forceful energetic dynamic vigorous spirited lively animated vital vibrant vivid intense passionate fiery zealous enthusiastic fervent ardent eager keen avid devoted loyal dedicated committed steadfast unwavering resolute determined tenacious perseverant persistent dogged relentless unyielding unstoppable unbeatable invincible unconquerable indomitable dauntless fearless courageous brave bold valiant heroic gallant intrepid audacious daring adventurous venturesome enterprising ambitious aspiring driven motivated inspired fired-up raring-to-go full-of-beans bright-eyed-and-bushy-tailed ready willing able prepared equipped capable competent proficient skilled talented gifted accomplished expert adept masterful professional experienced seasoned veteran knowledgeable informed learned wise clever smart intelligent brilliant genius prodigious exceptional extraordinary outstanding remarkable phenomenal fantastic magnificent splendid glorious beautiful wonderful delightful enchanting captivating charming alluring beguiling enticing intriguing fascinating absorbing engrossing gripping compelling riveting mesmerizing spellbinding entrancing enthralling hypnotizing tantalizing bewitching magnetic charismatic engaging appealing attractive interesting attention-grabbing eye-catching noticeable conspicuous prominent outstanding striking arresting memorable unforgettable indelible lasting enduring persistent long-lasting durable sturdy resilient robust strong powerful mighty forceful energetic dynamic vigorous spirited lively animated vital vibrant vivid intense passionate fiery zealous enthusiastic fervent ardent eager keen avid devoted loyal dedicated committed steadfast unwavering resolute determined tenacious perseverant persistent dogged relentless unyielding unstoppable unbeatable invincible unconquerable indomitable dauntless fearless courageous brave bold valiant heroic gallant intrepid audacious daring adventurous venturesome enterprising ambitious aspiring driven motivated inspired fired-up raring-to-go full-of-beans bright-eyed-and-bushy-tailed ready willing able prepared equipped capable competent proficient skilled talented gifted accomplished expert adept masterful professional experienced seasoned veteran knowledgeable informed learned wise clever smart intelligent brilliant genius prodigious exceptional extraordinary outstanding remarkable phenomenal fantastic magnificent splendid glorious beautiful wonderful delightful enchanting captivating charming alluring beguil

Organizations Included in this History
More News

United Airlines has announced the issuance of travel waivers for passengers whose flights were affected by closures at London Heathrow Airport.

Apr 2, 2025

ITA Airways announced that flight AZ806 managed to land safely after a brief hold due to nearby missile activity.

Apr 2, 2025

EVA Air has announced the reinstatement of its Premium Economy Class on the Seattle route, with three weekly flights scheduled from March 8 through July 27.

Apr 2, 2025

Emirates Airlines has announced the launch of a new door-to-door delivery service called 'Very Important Parcels' (VIPs), promising the same level of care as provided to its passengers.

Apr 2, 2025

Cargolux has announced the transportation of two lions, Tsar and Jamil, from captivity in Ukraine to a wildlife sanctuary in South Africa.

Apr 2, 2025

Hainan Airlines announced that its Beijing–Oslo flight HU769 landed successfully in Norway.

Apr 2, 2025