Quantcast

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

Tycoon unveils £25 billion rival Heathrow expansion plan
Boeing and Airbus ground green plane projects
Proposals for commercial planes to operate with one pilot shelved after critical EU report
Air Travel Fatalities Up 300% in 2024, According to Shocking Global Report
Aviation sector faces steeper losses in FY26; passenger growth slows amid headwinds: ICRA - The Times of India
Boeing Halts Strike Talks Amid $36 Billion Deal & Union Dispute
FAA’s Broader Runway Safety Push Builds on EMAS Legacy
Ryanair CEO says aviation sustainability targets are 'dying a death'
US FAA funds system to prevent accidents involving runaway airplanes
Exclusive: Korean Air makes airline's biggest-ever Boeing jet order amid Trump-Lee summit
Boeing Stock Jumps on Massive Korean Air Order
FAA EMAS: Proven Safety Wins Since 1996
Air Canada flight attendants try to build on US gains on unpaid work
Cathay Pacific warns of declining fares and cargo uncertainty, shares fall
Clear intentions, cloudy path: aviation's ongoing ESG challenge
Turkish Airlines is preparing binding offer for Spain's Air Europa, executive says
Air Canada flight attendants approve strike mandate
US criticizes use of AI to personalize airline ticket prices, would investigate
Ethiopian Airlines' annual revenue rises as it draws more passengers, adds routes
Major strike action to hit 12 Spanish airports that have Ryanair flights
JetBlue, United partnership gets go-ahead from U.S. Transportation Department
United-JetBlue partnership gets US DOT approval
The aviation industry just got exactly what it wanted from Trump's EU deal
Air India Warned Over Crew Fatigue and Training Failures Following Fatal Crash
Heathrow Chief Defends £50–60 billion Third Runway Amid Rising Costs Debate
New UK airline with cheap US fares is ‘parked’ after just TWO flights – with people fearing it’s been scrapped for good
US carriers shamed in surprising new list of the world’s ‘cleanest’ airlines
Air Force Pilot Wasn't Alerted to Collision Course with Passenger Jet Before Scary Near Miss, Says Official
Transportation Secretary Sean Duffy may deny flights from Mexico over broken aviation agreement
Plane Makes Emergency Landing After ‘Unruly’ Passenger Attempts to Open Exit Door Mid-Flight
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 will introduce new in-flight menu options created by celebrity chef José Andrés starting November 4.

Oct 25, 2025

The Blue Sky partnership between United Airlines and JetBlue launched today, allowing members of both airlines’ loyalty programs to earn and redeem points across the two carriers.

Oct 25, 2025

Air Canada is set to expand its presence at Billy Bishop Toronto City Airport (YTZ) by introducing four new nonstop routes to the United States in 2026.

Oct 25, 2025

United Airlines has announced it will add 10 new destinations from its Chicago O'Hare International Airport hub starting next year.

Oct 25, 2025

The partnership between United Airlines and JetBlue, known as Blue Sky, has officially launched.

Oct 25, 2025

American Airlines will introduce its new Airbus A321XLR aircraft on December 18, marking the first time a U.S. airline operates this model.

Oct 25, 2025