FedEx Enhancements Position Company Ahead of a Record-Setting Peak Season
MEMPHIS, Tenn., Sept. 3, 2020—FedEx Corp. (NYSE: FDX) is leveraging the benefits of ongoing strategic initiatives to best position the company for what is expected to be an unprecedented peak holiday shipping season. The company, which delivers to every address in the U.S., has implemented value proposition advancements across the enterprise, including the expansion of FedEx Ground’s year-round Sunday residential coverage to nearly 95 percent of the U.S. population, which will be effective September 13.
“FedEx has nearly 50 years’ experience flexing our network to stay ahead of what’s next,” said Raj Subramaniam, president and chief operating officer, FedEx Corp. “We’re excited to have expanded our e-commerce capabilities even further—including the acceleration of FedEx Ground’s seven-day a week residential delivery, investments in automated facilities and growth in our FedEx Freight Direct service and our retail convenience network. These strategic investments will help better support what is expected to be an unprecedented holiday shipping season.”
The expansion of Sunday residential delivery coverage – on top of the Saturday residential service that is available to more than 96 percent of the U.S. population – provides a significant weekend competitive advantage for FedEx Ground and strengthens the company’s ability to serve the growing needs of e-commerce customers.
Other enhancements include:
- FedEx Ground –Through the addition of new and expanded facilities and other innovative technology solutions, FedEx Ground is optimizing its network capacity to meet evolving customer needs. The company has increased capacity with facility investments across the network, including:
- Six regional sortation facilities, each strategically located to serve large e-tailers in short-haul solutions
- Four new automated stations
- Eight new or expanded large package facilities that further enable the safe and efficient handling of items like TVs and furniture, which consumers are increasingly ordering online.
- Expanding more than 50 existing facilities with additional material handling equipment and automation
Shippers can now ship packages as heavy as 150 pounds through FedEx Home Delivery.
- Retail Convenience Network – FedEx package pickup and drop-off services are now available at more than 8,000 Dollar General locations, further increasing its retail convenience network to more than 20,000 staffed FedEx locations. Ninety-two percent of the U.S. population now lives within five miles of a staffed FedEx location. The retail network includes more than 2,100 FedEx Office locations and well-known retailers such as Walgreens, Kroger and Albertsons, allowing for an easy returns and drop-off experience for shoppers. In addition, the retail network is well positioned to serve as a Buy Online Pickup in Store (BOPIS) network for small and medium merchants without brick-and-mortar locations.
- FedEx Freight Direct – The service that offers delivery of heavy and bulky shipments inside customers‘ homes or businesses is expanding its Standard and Premium service offerings to cover 90 percent of the U.S., effective Sept. 14, 2020.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $69 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.
Certain statements in this press release may be considered forward-looking statements, such as statements relating to management’s views with respect to future events, expected future performance and operating results, and underlying assumptions. Forward-looking statements include those preceded by, followed by or that include the words “will,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “plans,” “estimates,” “targets,” “projects,” “intends” or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the rate of future e-commerce growth and our ability to successfully compete in the e-commerce market, our ability to successfully implement operational changes and execute on our strategies in the expected time frame, adverse effects of the ongoing COVID-19 pandemic on our business, and our ability to effectively respond to changes in market dynamics and other factors which can be found in FedEx Corp.’s and its subsidiaries’ press releases and FedEx Corp.’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
# # #