Logistics giant FedEx is on a mission to make supply chains smarter using data and technology, according to its annual economic impact report analysing the company’s worldwide network and role in local communities during 2024.

Produced with Dun & Bradstreet, a provider of business decisioning data and analytics, the study underscores the FedEx Effect, or 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, CEO of FedEx. “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 $85bn in direct impact to the global economy in 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 efforts to enhance its services that help businesses of all sizes connect with customers and strengthen their operations.

The company says it has the most extensive transportation network in the world, providing services to more than 220 countries and territories. Additionally, FedEx employs more than 500,000 people across more than 5000 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 2024, FedEx indirectly contributed an estimated $39bn to global net economic output, including making its largest indirect contribution to the global transportation, storage and warehousing sector.

FedEx says its 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 survey commissioned by FedEx, nearly all US business decision-makers agree that global trade stimulates economic growth, creates jobs and opportunities, and fosters innovation.

FedEx continued to improve its network in 2024, notably through the optimisation of its surface network into a single transportation system. Other 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 sorting equipment to existing facilities throughout its network, as well as additional warehouse capacity.

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 for adoption across the transportation industry. In 2024, FedEx added electric vehicles (EVs), including EVs and zero-tailpipe emission motorcycles in Brazil and dozens of EVs across new markets such as Canada, Chile, Spain, UK, Netherlands and UAE.

The study found in 2024, FedEx directly contributed an estimated 6.7% of net economic output to the US transportation and warehousing sector and indirectly contributed $8.1bn to net output across the US economy.

Read the full report and explore the FedEx Effect in communities and regions around the world at fedex.com/economicimpact.