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    FedEx Annual Report 2016

Download the 2016 Annual Report

FedEx is flying higher.FY16 once again showcased the successful strategy of managing our portfolio of services to achieve outstanding growth.

  • Infographic Annual Report A
  • Infographic Annual Report B

Frederick W. Smith
Chairman, President and CEO

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To Our Shareowners,

In FY16, FedEx reached new heights as one of the world’s unique enterprises. Through disciplined strategy and execution, our shareowners, team members and customers benefited greatly from new solutions and higher revenues and profits, despite an environment of low economic growth.

In FY13, we stated we would meet the FedEx Express profit improvement goal — to exit FY16 with an annual run rate of $1.6 billion in additional operating profit — and we did it. Moreover, we believe FedEx Express profitability and productivity will continue to increase for years to come, assuming continued modest growth in the U.S. and global economies.

We announced we would acquire the Dutch delivery company TNT Express in the first half of calendar 2016. We officially acquired the company on May 25.

We committed to continue improving FedEx Corporation’s margins, earnings per share, cash flows and returns over the long term. We successfully advanced each of these goals in FY16.

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TNT Express: Strategic Integration

TNT Express is the largest acquisition in FedEx history, and its benefits are expected to be equally significant. The addition will transform our global portfolio of solutions, particularly in Europe, substantially lower our cost to serve our European markets by increasing density in our pickup and delivery operations and accelerate our global growth.

Learn more

E-commerce: Investing in Growth

The holiday season of 2015 made it clear that e-commerce has enabled a full-scale retail revolution. The value proposition, however, remains the same — the ability to order a product online and have it reliably delivered to the consumer.

Find out how

Trade: Removing Barriers

Free trade increases the world’s prosperity by opening markets, and it has been an American policy objective since 1934, when disastrous tariffs that shackled global commerce were overturned. History shows that trade made easy, affordable and fast begets more trade.

Discover why

Fuel Efficiency: Accelerating Results

Five years ahead of plan, FedEx Express surpassed its goal to boost vehicle fuel efficiency 30 percent by 2020 from a 2005 baseline. When we set the goal, we knew that most of the technology we needed didn’t exist at the time. But we got the job done thanks to a well-defined strategy: Reduce, Replace, Revolutionize.

Read our strategy

The Road Ahead: Passion for Safety

In addition to supporting her Las Vegas community and family, Rebecca Parker, FedEx Freight City Driver, believes in one thing wholeheartedly.

Find out what