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
Alaska Air Backs JetZero Blended-Wing Design
AI in Aviation Line Maintenance: A Strategic Response to Delays, Satisfaction, and Staffing Challenges
Air taxi service plans for 2026 Los Angeles launch at USC, SoFi and LAX
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
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

Delta Air Lines is adjusting its service between Atlanta and Anchorage, extending flights beyond the summer travel season to a year-round offering.

May 15, 2025

Private aviation in the United States has continued to flourish, posting solid figures even post-pandemic.

Apr 4, 2025

Elon Musk, known for spearheading companies like Tesla and SpaceX and as the richest individual globally with a net worth of $342.9 billion as of March 2025, maintains an extensive private jet collection.

Apr 4, 2025

A new government jet ordered by the Swiss administration is reportedly facing operational challenges.

Apr 4, 2025

An American Airlines flight traveling from New York to Tokyo was redirected to Dallas/Fort Worth after it commenced its journey across the Pacific Ocean.

Apr 4, 2025

Southwest Airlines has announced the addition of two new routes, expanding its network as it continues its organizational restructuring.

Apr 4, 2025