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Report Showcases “FedEx Effect” on Global Economy as Company Increases Flexibility and Efficiency of Operations

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FedEx released its annual economic impact report for FY2024, demonstrating significant global economic contributions. The company delivered $85 billion in direct impact and $39 billion in indirect impact to the global economy, representing approximately 0.1% of world's total net economic output. With operations in over 220 countries, FedEx employs more than 500,000 people across 5,000+ facilities and handles an average of 16 million packages daily. In the US, FedEx contributed 6.7% to the Transportation and Warehousing sector and indirectly added $8.1 billion to net output. The company continued network optimization, expanded its EV fleet, and invested in facility improvements including new hubs in Dubai and Memphis.

FedEx ha pubblicato il suo rapporto annuale sull'impatto economico per l'anno fiscale 2024, dimostrando significativi contributi economici globali. L'azienda ha generato un impatto diretto di 85 miliardi di dollari e un impatto indiretto di 39 miliardi di dollari sull'economia globale, rappresentando circa lo 0,1% della produzione economica netta totale del mondo. Con operazioni in oltre 220 paesi, FedEx impiega più di 500.000 persone in oltre 5.000 strutture e gestisce una media di 16 milioni di pacchi al giorno. Negli Stati Uniti, FedEx ha contribuito per il 6,7% al settore dei trasporti e della logistica e ha aggiunto indirettamente 8,1 miliardi di dollari alla produzione netta. L'azienda ha continuato l'ottimizzazione della rete, ha ampliato la sua flotta di veicoli elettrici e ha investito nel miglioramento delle strutture, inclusi nuovi hub a Dubai e Memphis.

FedEx publicó su informe anual sobre el impacto económico para el año fiscal 2024, demostrando importantes contribuciones económicas globales. La compañía generó un impacto directo de 85 mil millones de dólares y un impacto indirecto de 39 mil millones de dólares en la economía global, representando aproximadamente el 0,1% de la producción económica neta total del mundo. Con operaciones en más de 220 países, FedEx emplea a más de 500,000 personas en más de 5,000 instalaciones y maneja un promedio de 16 millones de paquetes diarios. En los EE. UU., FedEx contribuyó con un 6.7% al sector de transporte y almacenamiento, y agregó indirectamente 8.1 mil millones de dólares a la producción neta. La compañía continuó con la optimización de la red, amplió su flota de vehículos eléctricos e invirtió en mejoras de las instalaciones, incluidos nuevos centros en Dubái y Memphis.

페덱스는 2024 회계 연도의 연간 경제 영향 보고서를 발표하여 중요한 글로벌 경제 기여를 보여주었습니다. 이 회사는 850억 달러의 직접적인 영향390억 달러의 간접적인 영향을 세계 경제에 기여했으며, 이는 세계 총 경제 생산의 약 0.1%에 해당합니다. 220개국 이상에서 운영되고 있는 페덱스는 5,000개 이상의 시설에서 50만 명 이상의 직원을 고용하고 있으며, 매일 평균 1,600만 개의 소포를 처리합니다. 미국에서는 페덱스가 운송 및 물류 부문에 6.7% 기여하였으며, 간접적으로 81억 달러를 순 생산에 추가했습니다. 이 회사는 네트워크 최적화를 지속하고, 전기차 함대를 확장하며, 두바이와 멤피스에 새로운 허브를 포함한 시설 개선에 투자했습니다.

FedEx a publié son rapport annuel sur l'impact économique pour l'exercice 2024, montrant des contributions économiques mondiales significatives. L'entreprise a généré un impact direct de 85 milliards de dollars et un impact indirect de 39 milliards de dollars sur l'économie mondiale, représentant environ 0,1% de la production économique nette totale mondiale. Avec des opérations dans plus de 220 pays, FedEx emploie plus de 500.000 personnes à travers plus de 5.000 installations et gère en moyenne 16 millions de colis par jour. Aux États-Unis, FedEx a contribué à hauteur de 6,7% au secteur des transports et de l'entreposage, ajoutant indirectement 8,1 milliards de dollars à la production nette. L'entreprise a poursuivi l'optimisation de son réseau, élargi sa flotte de véhicules électriques et investi dans l'amélioration de ses installations, y compris de nouveaux centres à Dubaï et à Memphis.

FedEx hat seinen jährlichen Wirtschaftsbericht für das Geschäftsjahr 2024 veröffentlicht, der bedeutende globale wirtschaftliche Beiträge aufzeigt. Das Unternehmen hat einen direkten Beitrag von 85 Milliarden Dollar und einen indirekten Beitrag von 39 Milliarden Dollar zur globalen Wirtschaft geleistet, was etwa 0,1% der gesamten Nettowirtschaftsleistung der Welt entspricht. Mit Aktivitäten in über 220 Ländern beschäftigt FedEx mehr als 500.000 Menschen in über 5.000 Einrichtungen und bearbeitet täglich durchschnittlich 16 Millionen Pakete. In den USA leistete FedEx einen Beitrag von 6,7% zum Sektor Transport und Lagerung und fügte indirekt 8,1 Milliarden Dollar zur Nettowirtschaftsleistung hinzu. Das Unternehmen setzte die Netzwerkoptimierung fort, erweiterte seine Elektrofahrzeugflotte und investierte in Facility-Verbesserungen, darunter neue Drehkreuze in Dubai und Memphis.

Positive
  • Delivered $85 billion in direct economic impact globally
  • Generated $39 billion in indirect economic impact
  • Handles 16 million packages per day across 220+ countries
  • Contributed 6.7% to US Transportation and Warehousing sector
  • Generated $8.1 billion indirect contribution to US economy
  • Average revenue of $2.1 million for independent service providers
Negative
  • None.

Insights

The FY2024 Economic Impact Report reveals FedEx's substantial economic footprint, with $85 billion in direct impact and $39 billion in indirect contributions to the global economy. Particularly noteworthy is their 6.7% contribution to U.S. Transportation and Warehousing sector output, demonstrating their dominant market position. The company's strategic investments in network optimization, including new facilities in Dubai and Memphis, alongside EV fleet expansion, position them well for operational efficiency gains.

The company's support of approximately 400,000 small business jobs through supplier relationships and average revenue of $2.1 million for independent service providers shows strong ecosystem development. Their extensive network covering 220+ countries and territories, handling 16 million packages daily, provides a robust foundation for sustained growth and market leadership.

FedEx delivered more than $85 billion in direct impact and $39 billion in indirect impact to the global economy in fiscal year 2024

MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Corp. (NYSE: FDX) today released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024)1. Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study underscores the ‘FedEx Effect’—the impact FedEx has on accelerating the flow of goods and ideas that generate economic growth across countries and regions.

(Photo: Business Wire)

(Photo: Business Wire)

“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 Raj Subramaniam, president and CEO, FedEx Corporation. “The ‘FedEx Effect’ represents our relentless commitment to excellence, economic growth, and the communities where we live and work.”

The report reveals that FedEx contributed more than $85 billion in direct impact to the global economy in FY 2024, accounting for approximately 0.1% of the world’s total net economic output2. This activity reflects the scale of the FedEx network and the company’s ongoing efforts to enhance its innovative services that help businesses of all sizes connect with customers and strengthen their operations. The company has the most extensive transportation network in the world, providing service to more than 220 countries and territories. Additionally, FedEx employs more than 500,000 people across more than 5,000 facilities and moves an average of 16 million packages per day.

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 $39 billion to global net economic output3, including making its largest indirect contribution to the global Transportation, Storage, and Warehousing sector4.

Key highlights of the FedEx Economic Impact Report include:

  • 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 at Memphis 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 like Canada, Chile, Spain, the UK, the Netherlands, and the UAE.
  • 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.
  • 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.

United States impact

FedEx serves every U.S. ZIP code, connecting communities to the worldwide marketplace. With approximately 370,000 U.S. employees in FY 2024, FedEx is one of the largest employers in the country and is proud to support a diverse, equitable and inclusive workplace full of opportunity where 57% of U.S. employees identify as minorities.

The study found that in FY 2024, FedEx directly contributed an estimated 6.7% of net economic output to the U.S. Transportation and Warehousing sector5 and indirectly contributed $8.1 billion to net output across the U.S. economy.

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 Memphis and Indianapolis to provide capacity for domestic and international air shipments and has dedicated international air gateways in Alaska and Miami to facilitate global trade. FedEx packages are delivered by FedEx-employed couriers as well as employees of nearly 6,000 independent service providers that provide transportation, pickup, and delivery services on the company’s behalf. The average annual revenue for these businesses is $2.1 million.

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.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

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1 Fiscal year (FY) 2024 is defined as June 1, 2023-May 31, 2024.

2 The world total net economic output for FY24 is estimated based on overall and industry value added sourced from UNCTAD (United Nations Conference on Trade and Development) and using economic growth projections published by the IMF (International Monetary Fund).

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 United Nations Conference on Trade and Development (UNCTAD).

5 As defined by the U.S. Bureau of Economic Analysis.

 

FedEx Media Relations

901-434-8100

Source: FedEx Corp.

FAQ

What was FedEx (FDX) direct economic impact in FY2024?

FedEx delivered more than $85 billion in direct economic impact during fiscal year 2024.

How many packages does FedEx (FDX) handle daily in 2024?

FedEx moves an average of 16 million packages per day across its global network.

What percentage of US Transportation sector output did FedEx (FDX) contribute in FY2024?

FedEx directly contributed approximately 6.7% of net economic output to the U.S. Transportation and Warehousing sector in FY2024.

How many countries does FedEx (FDX) operate in as of 2024?

FedEx provides service to more than 220 countries and territories worldwide.

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