Quantcast

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

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 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

FedEx Express and UPS Airlines are two of the largest cargo carriers in the world, with both companies operating extensive fleets and moving significant volumes of freight globally.

Oct 25, 2025

The Dubai Airshow, the largest event of its kind in the region, is set to return in 2025 with more than 200 aircraft expected to be on display.

Oct 25, 2025

LOT Polish Airlines has announced a new route from Warsaw Chopin Airport to Almaty, Kazakhstan, set to begin on May 31 next year.

Oct 25, 2025

Air Canada has announced the launch of its fifth transatlantic route operated by the Airbus A321XLR, connecting Montreal to Porto.

Oct 25, 2025

London Heathrow Airport continues to be a central hub for global air travel in 2025, offering some of the world’s longest nonstop routes that connect the United Kingdom to destinations across every inhabited continent.

Oct 25, 2025

American Airlines has introduced a new high-premium configuration for its Boeing 787-9 Dreamliner fleet.

Oct 25, 2025