Quantcast

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

These Frequent Fliers Are Done With Loyalty Programs
JetBlue accepting Venmo as payment method for flights purchased through mobile app
United Airlines stock rallies on results, as growing demand wasn’t just about premium seats
American Halts CRJ-200 Operations
Shanghai Airlines to Launch Casablanca Route
Delta employees to receive an average five weeks of pay in annual profit sharing
Akasa Air faces DGCA heat for lapses; warning letter issued to airline's accountable manager
Indigo Eyes European Market Amid Intensifying Competition with Air India
Air India to operate daily Delhi-Prayagraj flights for Maha Kumbh
Engine maker agrees to compensate WizzAir for grounded planes
Turkish Airlines’ flights are riddled with bedbugs, passengers say
British Airways frequent flyers react to Executive Club changes
Inside the short-lived, men-only flights where kids and women were banned but cigar and pipe smoking were rife
China steps up drive to break Boeing, Airbus grip on plane market
Heathrow’s New York service clings to spot in top aviation routes
Airline praises pilots in crash-landing where both died but nearly half the passengers survived
Mexico state airline to buy five Embraer planes next year
A record number of people are expected to fly over the holidays. That's good for travel stocks, but not for passengers.
American Airlines technical issue sparks travel chaos on Christmas Eve as flights heavily delayed after being grounded
Why United Airlines has had such a stellar year despite being Boeing's biggest customer
JetBlue nixing routes between multiple major cities, reducing several others
Airline Stocks Led The Travel Industry's Record 2024 Rally. Here's What's Next.
It’s beginning to look like another record for holiday travel
Qatar Airways cleans up at the World Travel Awards
All of the strikes at European airports this winter – find out if you are affected
Meet the CEO trying to turn around Air India, the 92-year-old airline with a pile of problems
Skiplagging: Unpacking the Risky Travel Trend That Involves Tricking Airlines
Qantas engineers walk off job on one of the busiest travel days of the year
South Korea to safeguard competition after Korean Air, Asiana merger
China Southern returns to Adelaide
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

At the Routes Asia Conference 2025, four prominent Asian airlines shared insights into their current challenges and strategic changes they are implementing.

Apr 3, 2025

Delta Air Lines has announced a major enhancement in its connectivity services with the rollout of fast, free Wi-Fi across its transatlantic network, encompassing destinations in Europe, Israel, and West Africa.

Apr 3, 2025

After a trip from Nashville to Seattle, Jeanette Kronquist encountered an unexpected issue with her rental car reservation.

Apr 3, 2025

FedEx, het grootste exprestransportbedrijf ter wereld, heeft een nieuwe locatie in Amsterdam geopend, waarmee het zijn logistieke capaciteit in Nederland verder uitbreidt.

Apr 3, 2025

The Chase Sapphire Preferred Card is under the spotlight for its annual fee of $95, as cardholders and potential applicants weigh the benefits against the costs.

Apr 3, 2025

Delta Air Lines is preparing to welcome patrons of the Masters Tournament with its largest-ever service to Augusta, Georgia.

Apr 3, 2025