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FedEx Corp. has released its annual Economic Impact Report, highlighting the company's global network and its contribution to local communities' prosperity during the fiscal year 2024. This report, developed in collaboration with Dun & Bradstreet, documents FedEx's role in accelerating the flow of goods and ideas across countries and regions, a phenomenon known as the "FedEx Effect."
Raj Subramaniam, President and CEO of FedEx Corporation, stated, "We at FedEx have the vision to make supply chains smarter for everyone by using advanced data and technologies to better serve our customers and their customers, thus expanding our reach and influence." He added that the 'FedEx Effect' demonstrates their commitment to excellence, economic growth, and community engagement.
The report indicates that FedEx contributed over $85 billion directly to the world economy in fiscal year 2024, representing about 0.1% of total global net value added. The company's extensive transport network offers services in more than 220 countries and territories. It employs over 500,000 people at more than 5,000 locations worldwide.
