(Read more) topThe US domestic parcel market is expected to surpass 107 million packages a day in calendar year '22, with e-commerce contributing 88% of total US market growth
(Read more) topExcluding Amazon volume, the US domestic parcel market is expected to be 72 million packages a day in calendar year '22.
(Read more) topThis focus will flex all levers of our business, including volume growth, yield management, operational efficiency and network optimization.
(Read more) topIn FY22, we will continue to drive a robust growth strategy, capitalizing on global economic recovery and e-commerce. This focus will flex all levers of our business, including volume growth, yield management, operational efficiency and network optimization
(Read more) topIn FY22, we will continue to drive a robust growth strategy, capitalizing on global economic recovery and e-commerce. This focus will flex all levers of our business, including volume growth, yield management, operational efficiency...
(Read more) topAverage daily volume grew across all our customer segments, with US small and medium leading the way of 32% year-over-year growth. E-commerce also drove 28% year-over-year growth in our returns business through April
(Read more) topAverage daily volume grew across all our customer segments, with US small and medium leading the way of 32% year-over-year growth
(Read more) top... to drive a robust growth strategy, capitalizing on global economic recovery and e-commerce. This focus will flex all levers of our business, including volume growth, yield management, operational efficiency and network optimization
(Read more) topSo we're very confident about the return of our commercial business here in the United States.. . However, as I mentioned, 90% of the market growth will be e-commerce
(Read more) topAs our international business and e-commerce in the US continued to grow, Express revenue grew 32% over Q4 last year, with adjusted operating margin up 340 basis points
(Read more) top... leverage the full flexibility of weekend operations so they can meet the demands of e-commerce every day of the week. This is evident in the growth we saw in Ground Sunday deliveries with 56% more packages delivered on Sunday in Q4 than last year
(Read more) topEnterprise growth in fiscal year '22 will be primarily driven by US domestic e-commerce growth, followed by strength in B2B and international and a focus on revenue quality.
(Read more) topAs our international business and e-commerce in the US continued to grow, Express revenue grew 32% over Q4 last year, with adjusted operating margin up 340 basis points
(Read more) topAs our international business and e-commerce in the US continued to grow, Express revenue grew 32% over Q4 last year, with adjusted operating margin up 340 basis points.
(Read more) topAs our international business and e-commerce in the US continued to grow, Express revenue grew 32% over Q4 last year, with adjusted operating margin up 340 basis points.
(Read more) topEnterprise growth in fiscal year '22 will be primarily driven by US domestic e-commerce growth, followed by strength in B2B and international and a focus on revenue quality.
(Read more) topBut, as we've said, the pandemic accelerated, the dramatic and rapid shift in the growth of e-commerce, and at the same time, as you noted there, put some pressure in areas along the way as well, which is really why the performance at Ground in '21 has been nothing short...
(Read more) top... exceptional financial performance was driven by our robust growth strategy and focused execution on three key areas: e-commerce, operational excellence and digital innovation.
(Read more) topAs our international business and e-commerce in the US continued to grow, Express revenue grew 32% over Q4 last year, with adjusted operating margin up 340 basis points
(Read more) topIn FY22, we will continue to drive a robust growth strategy, capitalizing on global economic recovery and e-commerce. This focus will flex all levers of our business, including volume growth, yield management, operational efficiency and network...
(Read more) topThese improvements are driven in part by both, B2B and B2C volume growth as well as enhancements in route optimization technology, which drove up the average number of stops the service providers made per hour by 3.6% versus Q4 of the previous fiscal year
(Read more) top... driven in part by both, B2B and B2C volume growth as well as enhancements in route optimization technology, which drove up the average number of stops the service providers made per hour by 3.6% versus Q4 of the previous fiscal year
(Read more) top... part by both, B2B and B2C volume growth as well as enhancements in route optimization technology, which drove up the average number of stops the service providers made per hour by 3.6% versus Q4 of the previous fiscal year.
(Read more) topHowever, as I mentioned, 90% of the market growth will be e-commerce. And so, there will be no settling of the B2C volume within the Ground network
(Read more) top... strategic focus on efficiency continued to reap benefits in Q4, as seen in our ongoing improvements in density. These improvements are driven in part by both, B2B and B2C volume growth as well as enhancements in route optimization technology, which drove up the average number of stops the service providers made...
(Read more) top... relative to sales at historic lows, we expect solid B2B volume growth this fiscal year.. . In fiscal year '22, we will continue to execute against our revenue quality strategy.
(Read more) topFreight blew out this quarter with 38% revenue growth and their highest quarterly operating margin ever at 16.1%. They also topped $1 billion in operating income for the full year for the first time
(Read more) topFreight blew out this quarter with 38% revenue growth and their highest quarterly operating margin ever at 16.1%. They also topped $1 billion in operating income for the full year for the first time
(Read more) topFreight blew out this quarter with 38% revenue growth and their highest quarterly operating margin ever at 16.1%. They also topped $1 billion in operating income for the full year for the first time.
(Read more) topWhile peak surcharges played a significant role in our international performance in fiscal year '21, it was not the majority of our revenue growth
(Read more) top... international performance in fiscal year '21, it was not the majority of our revenue growth. In fiscal '21, we improved parcel and priority mix versus freight and economy, grew our small and medium customer base while penetrating e-commerce
(Read more) topIn closing, we are adding shareholder value by driving profitable revenue growth, expanding margins, generating strong free cash flow, focusing capital spending into the greatest areas of return, strengthening our balance sheet and improving cash return to shareholders
(Read more) topOur fourth quarter and fiscal 2021 results reflect the tremendous momentum in our business and reinforce our growth strategy and investments across our network to grow our capabilities, improve collaboration and drive efficiency
(Read more) topGlobal trade volume has surpassed pre-pandemic levels and is on course for its fastest year of growth in over a decade. Global air cargo capacity remained down 10% year-over-year as of April, mainly due to the reduction in passenger value capacity
(Read more) topThe FY22 adjusted EPS range we provided corresponds to 13% to 18% year-over-year growth on top of record FY21 earnings.. . I'd make the following highlights behind that.
(Read more) top... leadership and insight, your remarkable professional in an area which is very arcane and very poorly understood, and many, many quarters, because of the topology of networks and how they actually operate.
(Read more) top... that, Henry is due to your leadership and insight, your remarkable professional in an area which is very arcane and very poorly understood, and many, many quarters, because of the topology of networks and how they actually operate
(Read more) top... shift in the growth of e-commerce, and at the same time, as you noted there, put some pressure in areas along the way as well, which is really why the performance at Ground in '21 has been nothing short of stellar.
(Read more) topI think, even Henry and I would be amazed looking back in time if we thought FedEx Ground was going to be the enormous entity it is today with substantial growth prospects and an awful lot of that, Henry is due to your leadership and insight,...
(Read more) topBut, as we've said, the pandemic accelerated, the dramatic and rapid shift in the growth of e-commerce, and at the same time, as you noted there, put some pressure in areas along the way as well, which is really why the performance at Ground in '21...
(Read more) top... portfolio, a change in mix to meet their business need because many of them saw explosive growth, especially in our retail segment and, of course, in our health care.
(Read more) topAnd so, some customers, yes, they did require changes in their portfolio, a change in mix to meet their business need because many of them saw explosive growth, especially in our retail segment and, of course, in our health care
(Read more) top In fiscal '21, we improved parcel and priority mix versus freight and economy, grew our small and medium customer base while penetrating e-commerce. In fact, we grew e-commerce parcel volume by more than $1 billion year-over-year out of Asia and Europe
(Read more) topIn fiscal '21, we improved parcel and priority mix versus freight and economy, grew our small and medium customer base while penetrating e-commerce
(Read more) topIn fiscal '21, we improved parcel and priority mix versus freight and economy, grew our small and medium customer base while penetrating e-commerce
(Read more) topFiscal year '21 parcel volume was very strong across our portfolio of e-commerce solutions. Average daily volume grew across all our customer segments, with US small and medium leading the way of 32% year-over-year growth
(Read more) top... actually see and have had tremendous momentum, as I mentioned, the $1 billion growth from an e-commerce perspective between Europe and Asia, and that's intercontinental.
(Read more) topWe actually see and have had tremendous momentum, as I mentioned, the $1 billion growth from an e-commerce perspective between Europe and Asia, and that's intercontinental
(Read more) topCustomers are very interested in both, our new Europe to US overnight service and e-commerce product expansion. On the Europe to US lane, we have strong demand with a healthy mix of small and large businesses
(Read more) topCustomers are very interested in both, our new Europe to US overnight service and e-commerce product expansion. On the Europe to US lane, we have strong demand with a healthy mix of small and large businesses
(Read more) topAnd we're also collaborating with our customers on solutions that will leverage the full flexibility of our seven-day operations and benefit from our expanded regional and local solutions for e-commerce shippers that will allow them to reach their customers, both quickly...
(Read more) top... benefit from our expanded regional and local solutions for e-commerce shippers that will allow them to reach their customers, both quickly as well as cost effectively.
(Read more) topGround substantially improved margins and earned the most operating profit in their history. As our international business and e-commerce in the US continued to grow, Express revenue grew 32% over Q4 last year, with adjusted...
(Read more) topIt is important to note when reviewing composite US domestic yields that weights and zone will decrease, putting pressure on yields as we grow in e-commerce
(Read more) topSo, we don't believe there's any risk there in our small business growth, we've also had internationally. We also believe that volume is very sticky
(Read more) topI believe this e-commerce volume as a result is quite sticky. That being said, we continue to refine our commercial and network strategies to be prepared for when commercial capacity does come back.
(Read more) topThe inability to hire team members, particularly package handlers, has driven wage rates higher and create inefficiency in our networks as we use over time to cover open shifts and route volume around known constraints just as a few...
(Read more) topThe inability to hire team members, particularly package handlers, has driven wage rates higher and create inefficiency in our networks as we use over time to cover open shifts and route volume around known constraints just as a few examples
(Read more) top... actions across the business to address service issues and prepare for sustained volume increases, including continued investments in people, capacity and technology to optimize our networks.
(Read more) topSo with record growth has come some tough but necessary decisions to protect our employees, reduce our backlogs and staff to our business volume. This continues to be the driving force behind our business decisions
(Read more) top... season when we anticipate significant year-over-year volume increases will require additional flexibility and creativity on the part of our management, staff and frontline team members while maintaining our Safety Above All culture
(Read more) top... volume increases will require additional flexibility and creativity on the part of our management, staff and frontline team members while maintaining our Safety Above All culture.
(Read more) top... see a greater than our historical average from a year-over-year price increase. As I mentioned this past year, when we look at our domestic volume, we repriced about 45% of our large customer segment.
(Read more) top... e-commerce parcel volume by more than $1 billion year-over-year out of Asia and Europe. To a large extent, due to its lightweight nature and limited relative line-haul capacity requirements, we were able to price e-commerce very competitively
(Read more) topAs we look beyond calendar year '22, we forecast that the US domestic parcel market will reach 172 million packages a day in calendar year 2026.
(Read more) top... the business to address service issues and prepare for sustained volume increases, including continued investments in people, capacity and technology to optimize our networks.
(Read more) topAs such, we're taking bold actions across the business to address service issues and prepare for sustained volume increases, including continued investments in people, capacity and technology to optimize our networks.
(Read more) topThese improvements are driven in part by both, B2B and B2C volume growth as well as enhancements in route optimization technology, which drove up the average number of stops the service providers made per hour by 3.6% versus...
(Read more) topAs such, we're taking bold actions across the business to address service issues and prepare for sustained volume increases, including continued investments in people, capacity and technology to optimize...
(Read more) topThese improvements are driven in part by both, B2B and B2C volume growth as well as enhancements in route optimization technology, which drove up the average number of stops the service providers made per hour...
(Read more) topSo with record growth has come some tough but necessary decisions to protect our employees, reduce our backlogs and staff to our business volume
(Read more) topSo with record growth has come some tough but necessary decisions to protect our employees, reduce our backlogs and staff to our business volume. This continues to be the driving force behind our business decisions
(Read more) topSo with record growth has come some tough but necessary decisions to protect our employees, reduce our backlogs and staff to our business volume. This continues to be the driving force behind our business decisions
(Read more) topAnd while the situation has begun to abate, delivering a successful peak season when we anticipate significant year-over-year volume increases will require additional flexibility and creativity...