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FedEx Corp. has released its annual economic impact report, which examines the company's global network and its role in fostering local prosperity during fiscal year 2024. The study was conducted in collaboration with Dun & Bradstreet, a leading provider of business decision-making data and analytics. It highlights the "FedEx effect," referring to FedEx's influence on accelerating the flow of goods and ideas that drive economic growth worldwide.
"At FedEx, we envision making supply chains smarter for everyone by leveraging advanced data and technology to better serve our customers and their customers, thereby expanding our reach and impact," said Raj Subramaniam, President and CEO of FedEx Corporation. "The 'FedEx effect' represents our relentless commitment to excellence, economic growth, and the communities where we live and work."
The report indicates that FedEx's impact on the global economy amounted to over $85 billion during fiscal year 2024, representing approximately 0.1% of the world's total net economic output. This activity reflects the scale of FedEx's network and ongoing efforts to enhance its innovative services that help businesses connect with customers and strengthen operations. The company operates the world's largest transportation network serving more than 220 countries and territories. Additionally, FedEx employs over 500,000 people across more than 5,000 facilities moving an average of 16 million packages per day.
