Report Showcases “FedEx Effect” on Global Economy as Company Increases Flexibility and Efficiency of Operations
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“At FedEx, we have a vision to make supply chains smarter for everyone by leveraging advanced data and technology to better serve our customers and their customers, thereby extending our reach and impact,” said
The report reveals that FedEx contributed more than
FedEx’s contributions to global net economic output—including its revenues, wages, and capital expenditures—create additional economic activity across its business network. This indirect impact activity helps drive production increases across industries due to the company’s relationships within and across sectors of the global economy. In FY 2024, FedEx indirectly contributed an estimated
Key highlights of the FedEx Economic Impact Report include:
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Trade: FedEx’s continued support of trade policies that facilitate greater market access advances the company’s purpose of connecting people and possibilities across the globe. According to a recent Morning Consult survey commissioned by FedEx, nearly all
U.S. business decision-makers surveyed agree that global trade stimulates economic growth, creates jobs and opportunities, and fosters innovation. -
Operational enhancements: FedEx continued to improve its network in FY 2024, notably through the ongoing optimization of its surface network into a single transportation system. Other ongoing investments were completed, including a hub facility at
Dubai World Central Airport and a secondary sort facility atMemphis International Airport . The company also added advanced sorting equipment to existing facilities throughout its network, as well as additional warehouse capacity. -
Sustainability: The company continues to invest in renewable energy to power its facilities, electrification of its pickup and delivery fleet, and carbon sequestration research to advance natural carbon capture solutions for adoption across the transportation industry. In FY 2024, FedEx added electric vehicles (EVs), including EVs and zero-tailpipe emission motorcycles in
Brazil and dozens of EVs across new markets likeCanada ,Chile ,Spain , theUK ,the Netherlands , and theUAE . - Small businesses: FedEx helps small- and medium-sized businesses (SAMs) accelerate their growth and extend their global reach, supporting local job creation and economic activity. In addition to its SAM-specific portfolio solutions, the company connects customers with subject matter experts from FedEx and companies from other industries for solution-focused discussions that can bring value to their businesses through a third-party platform called the ‘SME Connect’ series.
- Supply chain: In calendar year 2023, 90% of the suppliers FedEx contracted with were small businesses. The company’s spending with suppliers during this period supported approximately 400,000 jobs at small businesses around the world.
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Giving: FedEx supports the local communities it serves through FedEx Cares, which promotes charitable giving, employee volunteer efforts, and in-kind shipping services around the world. In FY 2024, the company’s contributed more than
$55 million through its direct partnerships with NGOs and nonprofits.
FedEx serves every
The study found that in FY 2024, FedEx directly contributed an estimated 6.7% of net economic output to the
The company’s operations are uniquely positioned to help customers adapt to changing economic conditions and trade patterns. FedEx operates two major air hubs in
Read the full FY 2024 FedEx Global Economic Impact Report and explore the ‘FedEx Effect’ in communities and regions around the world at fedex.com/economicimpact.
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1 Fiscal year (FY) 2024 is defined as |
2 The world total net economic output for FY24 is estimated based on overall and industry value added sourced from UNCTAD ( |
3 Net economic output is the difference between the value of total or gross output and the cost of inputs such as energy, raw materials, and services. Also known as value added. |
4 As defined by the |
5 As defined by the |
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