FedEx Study Reveals $126 Bln Contribution In Direct & Indirect Impact To Global Economy In FY25

RTTNews | Před 17 h 51 min
FedEx Study Reveals $126 Bln Contribution In Direct & Indirect Impact To Global Economy In FY25

(RTTNews) - FedEx Corp. has contributed $126 billion in direct and indirect impact to the global economy in fiscal 2025, according to the logistics major's annual Global Economic Impact Report.

The company delivered $1.6 billion in direct and indirect impact in the Middle East, Indian Subcontinent, and Africa or MEISA region. In the year, FedEx directly contributed 0.1 percent to net economic output in the region's Transportation, Storage, and Communications sector and indirectly contributed $330 million to the region's overall economy, a 17 percent increase over last year.

The report, produced in consultation with Dun & Bradstreet, highlights FedEx's worldwide network and role in fueling innovation during the year. The study demonstrates FedEx Effect, the positive impact the firm has on individuals, businesses, and communities around the world.

As per the report, FedEx's total contribution to the global economy reflects the scale of the FedEx network, as well as its ongoing efforts to enhance services and optimize its operations during its first fiscal year operating as one FedEx.

FedEx's global network reaches 220 countries and territories, and transports approximately 17 million packages per day and more than $2 trillion worth of goods every year.

Raj Subramaniam, president and CEO, FedEx, said, "For more than 50 years, FedEx has shaped global commerce by offering innovative shipping services that bring communities closer together. Our culture of innovation, paired with our team's steadfast commitment to outstanding service and bold ideas, enabled the FedEx network to continue fueling worldwide progress this year through a rapidly evolving trade landscape and shifts in supply chains."

Značky : FDX
read more
FedEx Stock Up On Freight Spin Off, Despite Weak Earnings, Outlook Cut

FedEx Stock Up On Freight Spin Off, Despite Weak Earnings, Outlook Cut

Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and revenue view after reporting weak results in its second
RTTNews | Před 319 dny
FedEx Announces New Data-driven E-commerce Platform Fdx

FedEx Announces New Data-driven E-commerce Platform Fdx

FedEx Corp. announced the launch of a new digital platform, called fdx, in fall 2024 with a view to offer end-to-end e-commerce solutions for businesses of all sizes. By offering the first-of-its-kind data-driven commerce platform, the logistics major, which faces extreme competition from Amazon, aims to connect the entire customer journey by making it easier for companies to manage their supply..
RTTNews | Před 659 dny
European Shares Seen Lower As US Economic Concerns Mount

European Shares Seen Lower As US Economic Concerns Mount

European stocks are seen opening on a sluggish note Tuesday as weak U.S. manufacturing data raised concerns about a slowing U.S. economy and mixed comments from Federal Reserve officials dampened hopes for a December rate cut.
RTTNews | Před 1 h 18 min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.
RTTNews | Před 3 h 31 min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as traders have been reluctant to make more significant moves ahead of the release of US payroll processor ADP's report on private sector employment on Wednesday. A survey showed economic activity in the U.S. manufacturing sector contracted in October for the eighth consecutive month.
RTTNews | Před 3 h 58 min
Sensex, Nifty Seen Flat To Lower At Open

Sensex, Nifty Seen Flat To Lower At Open

Indian shares are seen opening flat to slightly lower on Tuesday after Federal Reserve officials offered mixed signals about future rate cuts.
RTTNews | Před 4 h 26 min