Quantcast

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

Airlines begin canceling flights, offering rebooking ahead of Hurricane Helene
Southwest Airlines to cut service and staffing in Atlanta to slash costs
Explore Japan for free? Japan Airlines offers free domestic flights to foreign travelers
Delta named Official Airline Partner of Birmingham City Football Club
American Airlines to Cut These Routes to Las Vegas, Orlando, and More — Here's Why
Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers
Southwest wouldn't really start charging for bags — right?
JD Power ranked this Midwest airport as the best among largest airports in North America
Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian
Air Canada could begin suspending flights soon as strike deadline nears
JetBlue's new ticket policy entitles every passenger to a carry-on bag
Why United Airlines’ CEO makes as few decisions as possible
American invests in the future of aviation maintenance with new jobs, additional work
DOT probe seeks to determine if frequent flyer programs are fair to travelers
American Airlines flight diverted after passenger starts vaping
Russian Airline Wants $100 Million From Canada for Seizing Its Giant Cargo Plane
Here's where American Airlines is adding flights to Europe in summer 2025
Major airline grounds Airbus A350 fleet, citing faulty engine component
Airline CEO wants airports to cap passengers at 2 alcoholic drinks to limit on-board disruptions
Regulator cuts Malaysia Airlines' air operator certificate duration after probe
United Airlines flight attendants are prepared to strike. Here's why it's still unlikely.
2 workers killed, 1 injured in tire explosion at a Delta Air Lines shop in Atlanta
Emirates Will Buy 5 Airbus A380s From Lessor For $200 Million
Delta Air Lines named official airline of the WNBA
Pair Of C-Suite Officials Depart Wheels Up
LAX Receives Final Cars for People Mover Train
Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
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
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