FedEx report reveals its reach and impact
FedEx delivered more than $85 billion in direct impact globally, including an estimated $10 billion net economic output in Europe’s Transportation, Storage, and Communications sector.
FedEx Corp has released its annual economic impact report, analysing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024).
Produced in consultation with Dun & Bradstreet, 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.
“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 output. 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 output, including making its largest indirect contribution to the global Transportation, Storage, and Warehousing sector.
“At FedEx we keep the world moving, and are very proud of the impact we have on economic activity across industries such as technology, energy, healthcare, and pharmaceuticals,” said Wouter Roels, president, FedEx Europe. “This is a particularly special year as we celebrate 25 years of our hub at Paris-Charles de Gaulle Airport, the largest outside the U.S., which is a significant driver of local economic activity in the surrounding communities.”