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

RTTNews | 23時42分前
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."

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 | 319日前
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 | 659日前
CAC 40 Drops To 3-week Low On Widespread Selling

CAC 40 Drops To 3-week Low On Widespread Selling

France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
RTTNews | 1時13分前
DAX Down Sharply As Stocks Tumble On Growth Worries

DAX Down Sharply As Stocks Tumble On Growth Worries

The German market is down sharply in negative territory on Tuesday with stocks from across several sectors reeling under pressure as investors react to mixed earnings updates, and weak U.S. manufacturing data and hawkish comments from some Fed officials.
RTTNews | 1時55分前
Indian Rupee Rises To 5-day High Against U.S. Dollar

Indian Rupee Rises To 5-day High Against U.S. Dollar

The Indian rupee strengthened against the U.S. dollar in the Asian session on Tuesday, in anticipation that the Reserve Bank of India (RBI) has intervened in the currency market to boost the Indian Rupee.
RTTNews | 2時35分前
Commodity Currency's Slide Amid Risk-Off Sentiment

Commodity Currency's Slide Amid Risk-Off Sentiment

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
RTTNews | 3時1分前