Quantcast

FedEx reports $85 billion impact on global economy for fiscal year 2024

Alaska Airlines flight attendants reject new contract, union says there's 'more work to do'
Elliott Investment To Push For 10 New Boardroom Directors At Southwest Airlines
VistaJet Flight Brings Home Americans in Prisoner Swap
Air Canada Blames Paris Olympics On Decreased Profits
Delta passengers sue airline over refund refusals after CrowdStrike meltdown
Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Korean Air Confirms A Spacious Lounge Is Coming To The New Terminal One at New York JFK
VAS Aero Services to Acquire an Additional 17 Airbus A320 Airframes, Bringing to 23 the Total Number of A320s Slated for Teardown and Harvested Parts Redistribution
Delta CEO says CrowdStrike-Microsoft outage cost the airline $500 million
Boeing Reports $16.9 Billion In Revenue For 2nd Quarter With 5,400 Commercial Aircraft Backlog
United Airlines says flight attendant in Terrell Davis incident is no longer employed and NFL legend’s ‘no fly’ ban is lifted | CNN
Nepal Plane Crash Kills 18 After Takeoff - Airline Ratings
Southwest Airlines is getting rid of open seating | CNN Business
CrowdStrike Outage Caused 10% Spike in Air Charter
Aircraft Engine Maintenance and Repair to Peak in 2026, Worsening Capacity Shortage for Commercial Aviation, Says Bain & Company
Joby’s Electric Air Taxi Makes European Debut
The National Right to Work Legal Defense Foundation announces NLRB-scheduled vote to remove union officials
Families recount the horror of MH17 ten years on - Airline Ratings
777-9 Enters Certification Flight Testing - AVweb
Kompass Kapital Sets New Course with Airshare Investment
SATS, SIA Engineering Company and Changi Airport Group to Trial Autonomous Buses at Changi Airport
Qatar Airways Landing An A350 In Hamburg Makes A Powerful Statement - Airline Ratings
EBAA Backs Dassault's Sustainability Lawsuit against European Commission | AIN
American Airlines Now Lets You Earn And Spend Miles On Concerts And Events
Boeing agrees to plead guilty to defrauding the FAA but escapes punishment sought by victims’ families | CNN Business
IATA partners with Aviation Sustainability Forum to tackle cabin waste
Qatar Airways In Talks To Buy 20% Of Virgin Australia - Airline Ratings
Boeing Will Buy Spirit AeroSystems For $4.7 Billion In Stock & Airbus Enters $559 Million Agreement For Its Parts
Bombardier Global Jet Production Stops in Toronto as Union Workers Strike | AIN
Justice Department To Offer Boeing a Plea Deal Related to Max Crashes
FedEx reports $85 billion impact on global economy for fiscal year 2024
Policy
Webp xue4fvnwrk5hxqk7h6q984hy0se6
John Dietrich FedEx Executive Leadership Executive Vice President and CFO | FedEx

FedEx Corp. has released its annual report detailing the company's impact on the global economy for the fiscal year 2024. The report, developed in collaboration with Dun & Bradstreet, highlights what is referred to as the "FedEx Effect," which describes how FedEx's global network contributes to economic growth by facilitating the flow of goods and ideas.

Raj Subramaniam, President and CEO of FedEx Corporation, stated, “Wizją FedEx jest uczynienie łańcuchów dostaw inteligentniejszymi dla wszystkich. Wykorzystujemy do tego zaawansowane technologie, tak aby lepiej służyć klientom, równocześnie zwiększając w ten sposób nasz zasięg i wpływ.” He emphasized that this commitment is central to enhancing service quality and supporting community growth.

The report reveals that FedEx's direct contribution to the global economy exceeded $85 billion in fiscal year 2024, representing about 0.1% of total global net economic output. This figure underscores FedEx's logistical capabilities and ongoing efforts to innovate services that connect businesses with customers worldwide. With a presence in over 220 countries and territories and employing more than 500,000 people across more than 5,000 locations, FedEx handles an average of 16 million packages daily.

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.

FedEx's contributions extend beyond direct impacts; its operations create additional economic activity through relationships within various sectors of the global economy. It is estimated that in fiscal year 2024, FedEx indirectly contributed $39 billion to global net economic output, with significant influence on transportation and warehousing sectors.

Wouter Roels, President of FedEx Europe, commented on their role: “W FedEx utrzymujemy świat w ruchu i jesteśmy dumni z naszego wkładu w rozwój takich branż jak technologia, energetyka, opieka medyczna i farmacja.” He noted the significance of their hub at Paris-Charles de Gaulle Airport as it celebrates its 25th anniversary.

Key areas highlighted in the report include trade policy support aimed at market access expansion; operational developments such as new facilities at Dubai World Central Airport; sustainability initiatives like renewable energy investments; support for small and medium enterprises (SMEs); supply chain engagements with small businesses; and community involvement through programs like FedEx Cares.

In Europe specifically, FedEx continues to drive economic activity through comprehensive networks connecting European businesses globally via their hub at Charles de Gaulle Airport. In fiscal year 2024 alone, they directly impacted $10 billion or approximately 0.4% of Europe's transport sector net output.

Investments such as new facilities in Dublin and Kielce have bolstered their capacity to meet growing demand across Europe efficiently.

For further details on FedEx’s global economic impact for fiscal year 2024 visit fedex.com/economicimpact.

Organizations Included in this History
More News

Long Beach Airport has announced a new daily nonstop service to Baltimore Washington International (BWI) through Southwest Airlines.

Jun 7, 2025

Lidl workers in Belgium initiated a strike and blockades on June 5, following similar actions in France and Italy.

Jun 6, 2025

Delta Air Lines is expanding its flight offerings for the 2025 pro football season, introducing new routes and increasing capacity to accommodate fans traveling to major games.

Jun 6, 2025

National Business Aviation Association (NBAA) President and CEO Ed Bolen addressed the U.S. House Aviation Subcommittee, emphasizing the urgent need to reform the nation's air traffic control (ATC) infrastructure.

Jun 6, 2025

Last month, over 130 volunteers from Delta Air Lines and several partner organizations collaborated to construct a new playground in College Park, Georgia.

Jun 6, 2025

Walking together on Omaha Beach, 19-year-old college student Caleb Walker and 101-year-old WWII veteran Jack Myers reflected on the sacrifices made during the D-Day invasion.

Jun 6, 2025