2016 U.S.-Booked Air Volume: $137 million
Consolidated U.S. TMC: BCD Travel
U.S.-booked air spend at global delivery services firm FedEx
increased sharply in calendar year 2016 amid increasing sales and travel
activity and the €4.4 billion acquisition of European competitor TNT Express in
May 2016. Revenue for FedEx's fiscal year 2017, which ended May 31, 2017,
increased 20 percent year over year to $60.3 billion. Operating income
increased 64 percent to $5 billion, and operating expenses increased 17 percent
to $55.3 billion. In its 2016 fiscal year, the company generated 63,944 metric
tons of carbon dioxide equivalent via air travel and rental car use. That
figure does not include TNT Express emissions. FedEx's fiscal year 2015
business travel emissions, not including rental car use, were 50,897 metric
tons. The integration of TNT Express has increased FedEx travel volume. FedEx
had more than 400,000 employees in May 2017, up from 323,000 one year prior.