Quantcast

Fedex reports on boosting economic growth in Asia-Pacific through improved operations

A No-Frills Airline Is Getting Into the Premium Game
TAKING OFF: Major airline introduces new inflight service rules with less time to order your drinks
2 Delta flight attendants fail breathalyzer test before flight to JFK
US Senate panel criticizes rising airline seat fees, will call execs to testify
Spirit’s Demise Is a Lesson in ‘Airline-o-nomics’
Inside BA’s new first-class suites: £800 an hour for most private seat
Focus: US airline flight crews confident and angry as unions seek richer contracts
Hawaiian Airlines Eliminates Widebody Route Amid Alaska Airlines Merger
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
Delta CEO says the Trump administration will reverse government ‘overreach’ seen under Biden
Spirit Airlines files for bankruptcy: How will it affect your travel plans?
British Airways yet to identify cause of latest IT meltdown
Delta Airlines Will Start Serving Shake Shack Cheeseburgers Next Month
United Sees Nearly 30% Surge in Travel to European Christmas Markets
Budget airline Israir to launch flights between Israel and NY, ending wartime monopoly by flagship carrier El Al
Asia's airlines blame supply chain woes for disrupted operations
Qantas and Qatar Airways: Planned partnership in the Australian aviation industry under the microscope
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Delta investigating after plane’s nose mysteriously suffered damage
What Elon Musk's Starlink means for airlines
CAP OFF Major twist in Dublin Airport passenger cap row as High Court pauses decision in victory for airlines next summer season
Riyadh Air plans new jet order decision early next year
Calls for a blanket ban on politicians receiving free flight upgrades
Wizz Air Loses Challenge Against EU-Approved Romanian Aid for TAROM
Southwest, Other Airlines Plan a Shake-Up. Why They Need More to Boost Their Stocks.
One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
Low-Cost Airlines Innovate with Subscription Models
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Fedex reports on boosting economic growth in Asia-Pacific through improved operations
Policy
Webp s4hpzd4838dfm120czkkat73m501
Brie Carere Executive Vice President, Chief Customer Officer, FedEx Corporation Co-President and Co-CEO, FedEx Services | FedEx

FedEx has released its annual economic impact report, detailing the company's role in promoting economic growth through enhanced flexibility, operational efficiency, and intelligence in the Asia-Pacific and China markets. The report, compiled with input from business data and analytics provider Dun & Bradstreet, highlights FedEx's positive impact on accelerating the flow of goods and ideas to foster economic growth across countries and regions.

Raj Subramaniam, President and CEO of FedEx Corporation, stated: "FedEx's vision is to create smarter supply chains for everyone by using advanced data and technology to provide better service for our customers and their consumers, thereby expanding FedEx's business scope and influence. 'The FedEx Effect' demonstrates our unwavering commitment to operational excellence, economic growth, and the communities we serve."

The report reveals that in fiscal year 2024, FedEx contributed over $85 billion directly to the global economy, representing approximately 0.1% of global net economic output. This showcases the extensive reach of FedEx's logistics network and its ongoing enhancements in innovative services to help businesses of all sizes reach customers and optimize operations. Currently, FedEx operates one of the world's most extensive transportation networks serving over 220 countries and territories. The company employs more than 500,000 people worldwide across over 5,000 facilities with a daily package processing volume of 16 million.

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.

In the Asia-Pacific region—a hub for economic opportunities—FedEx plays a crucial role in regional business development through its expanding air and ground network covering 43 countries and territories. In fiscal year 2024 alone, FedEx contributed approximately 0.2% of net economic output to transportation, warehousing, and communication industries within this region.

Kawal Preet, President of Asia Pacific at FedEx Express said: "FedEx recognizes the strategic importance of Asia-Pacific as a critical hub in the global economy. We are committed to driving growth here by strategically investing in infrastructure that enhances both global connectivity as well as regional connectivity."

China remains one of the fastest-growing major economies within Asia-Pacific—holding significant importance within FedEx’s global strategy since entering China back in 1984—and continues investing heavily into new facilities while upgrading services supporting China's thriving economy along with increasing connectivity between China & international markets alike.

Salmon Tsui Senior Vice President/President Greater China Region remarked: “This year marks forty years since operating successfully within Chinese market where we take pride seeing remarkable achievements connecting Chinese clients globally utilizing more flexible efficient intelligent methods."

Fedex further expands its footprint economically throughout China by supporting trade policies promoting market openness globally; enhancing operations such as opening newly upgraded headquarters office Shanghai improving sorting efficiency Shenzhen International Gateway Operations Center doubling capacity; investing renewable energy sources powering facilities continuing electrification pickup delivery fleet reaching twenty percent electric vehicles used domestically reducing water electricity fuel paper consumption initiatives like Go Green competition involving team members participating recycling programs old uniforms transforming sustainable products low carbon alternative fuels working local organizations contribute community welfare via charity donations employee volunteer work philanthropic transport services globally alongside various environmental conservation projects including tree planting efforts alongside panda relocation project Washington D.C.-Chengdu safe transportations November last year engaging volunteer activities library projects among others locally contributing positively towards overall prosperity communities they operate therein.

###

Organizations Included in this History
More News

United Airlines has announced the issuance of travel waivers for passengers whose flights were affected by closures at London Heathrow Airport.

Apr 2, 2025

ITA Airways announced that flight AZ806 managed to land safely after a brief hold due to nearby missile activity.

Apr 2, 2025

EVA Air has announced the reinstatement of its Premium Economy Class on the Seattle route, with three weekly flights scheduled from March 8 through July 27.

Apr 2, 2025

Emirates Airlines has announced the launch of a new door-to-door delivery service called 'Very Important Parcels' (VIPs), promising the same level of care as provided to its passengers.

Apr 2, 2025

Cargolux has announced the transportation of two lions, Tsar and Jamil, from captivity in Ukraine to a wildlife sanctuary in South Africa.

Apr 2, 2025

Hainan Airlines announced that its Beijing–Oslo flight HU769 landed successfully in Norway.

Apr 2, 2025