2021 U.S.-Booked Air Volume: $118 million
Consolidated U.S. TMC: BCD
BTN estimates U.S.-booked air volume at FedEx in 2021 rose
from an estimated $95.6 million in 2020.
FedEx reported revenue of $93.5 billion for the fiscal year
that ended May 31, 2022, up 11 percent from FY21. Net income fell 27 percent to
$3.8 billion. The company incurred significant expenses, including travel,
integrating TNT Express, the European delivery service it acquired in 2016. The
company expects uncertainly to continue to impact its business into 2023.
FedEx has reevaluated how and where team members work and,
in some cases, provides flexible work arrangements. As of May 31, FedEx
employed 345,000 permanent full-time and 202,000 permanent part-time employees,
and FedEx Ground used over 6,000 contractors.
In March 2021, the company announced plans for its global
operations to become carbon-neutral by 2040. Metric tons of carbon dioxide
equivalent emissions for employee business travel in fiscal 2021 fell 30
percent year over year to about 45,300.