FedEx Express, one of FedEx Corporation’s businesses, hired 45,000 new full-time employees in the year ended May 31, 2021.
Thus, the company reached a workforce of 183,000 permanent full-time employees.
At the same time, it closed that fiscal year with approximately 61,000 permanent part-time employees, about 1,000 fewer than in the year ended May 2020.
FedEx Express is the world’s largest express transportation company, offering time-definite deliveries to more than 220 countries and territories, connecting markets that comprise more than 99% of the world’s Gross Domestic Product (GDP).
Within the United States, its competitors primarily include United Parcel Service (UPS), passenger airlines offering express parcel services, regional delivery companies, air freight forwarders, and USPS.
Moreover, its biggest international competitors are DHL, UPS, DPD (a GeoPost subsidiary of La Poste de France), General Logistics Systems (a package delivery group owned by Royal Mail), foreign postal authorities, passenger airlines, air freight forwarders, regional carriers and cargo airlines.
It also competes with startups that combine technology with crowdsourcing to focus on the needs of the local market.
Additionally, some high-volume parcel carriers, such as Amazon.com, are developing and implementing in-house delivery capabilities and using independent contractors for deliveries, and may be seen as competitors.
For example, Amazon.com is investing significant capital to establish a network of centers, airplanes, and vehicles.
Many of FedEx Express’ international competitors are government-owned, controlled, or subsidized carriers, which may have greater resources, lower costs, less sensitivity to earnings, and more favorable operating conditions.
FedEx Corporation has delivered Covid-19 vaccines, critical personal protective equipment and medical supplies, and provided other transportation and logistical support to humanitarian agencies as they respond to the pandemic.
Additionally, FedEx Corporation has maintained collaboration between operating companies through last-mile optimization with FedEx Express and FedEx Ground, which has expanded to more than 60 markets in the United States, and other initiatives.
Additionally, FedEx Ground residential delivery coverage has been expanded seven days a week to virtually the entire US population.
The deployment of dynamic route optimization technology has been completed at FedEx Ground, which provides service providers with near real-time data to plan efficient delivery routes.
To conclude, the international business of FedEx Express has been strengthened, completing the integration of the line transport operations and pickup and delivery of FedEx Express and TNT Express and introducing improvements in e-commerce services from Europe to the United States during the night and, in Europe, with FedEx International Priority Express and FedEx International Connect Plus.