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

RTTNews | 9 ชม. 41 นาทีที่ผ่านมา
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."

แท็ก : 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 | 318 วันที่ผ่านมา
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 | 658 วันที่ผ่านมา
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

Canadian stocks are turning in a mixed performance on Monday, with investors reacting earnings announcements and economic updates, in addition to weighing the recent trade talks between top Canadian and U.S. officials.
RTTNews | 4 ชม. 4 นาทีที่ผ่านมา
Swiss Market Pares Early Gains, Settles Flat

Swiss Market Pares Early Gains, Settles Flat

Save for a brief while during the closing minutes, Switzerland's SMI index stayed positive on Monday, but still ended the session with just a slender gain as several stocks pared early gains due to a lack of support at higher levels.
RTTNews | 4 ชม. 33 นาทีที่ผ่านมา
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors. Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
RTTNews | 5 ชม. 4 นาทีที่ผ่านมา
U.S. Manufacturing Index Unexpectedly Edges Lower In October

U.S. Manufacturing Index Unexpectedly Edges Lower In October

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 7 ชม. 18 นาทีที่ผ่านมา
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
RTTNews | 9 ชม. 19 นาทีที่ผ่านมา