1、Global Economic Impact Report Measuring the FedEx Effect|October 20232023 Economic Impact Report|FedEx2On April 17,1973,the first FedEx planes left Memphis and delivered 186 packages to 25 cities across the United States(U.S.).In the 50 years since that day,FedEx has helped shape the global economy

2、by connecting communities and transforming the way businesses exchange goods,services,and ideas.Today,FedEx has the most extensive transportation network in the world,providing service to more than 220 countries and territories,employing more than 500,000 people,and delivering millions of packages a

3、 day.That growth,in turn,has streamlined international trade and supported economic development in the regions that FedEx serves.FedEx shipping and logistics services are an integral part of the global supply chain and help businesses of all sizes reach more customers.The companys revenues,capital i

4、nvestments,and spending with suppliers boost local gross domestic product(GDP)and support local job creation.We call these contributions the FedEx Effect.This report quantifies the FedEx Effect by demonstrating the companys impact on the overall global and U.S.economies,and contributions to major fi

5、nancial and commercial centers around the world.FedEx transportation hubs and offices help drive economic activity in cities across the globe and serve as critical transit points to help FedEx connect the vast majority of the worlds GDP.As a result,the startup that shipped just 186 packages on that

6、April night 50 years ago now delivers more than$80 billion in direct economic impact to the global economy.Beyond this direct impact,FedEx indirectly creates an estimated$35 billion in additional net economic output1 in the global economy.As the FedEx footprint has expanded across the world,so has o