Wednesday, August 29, 2012
fedex.com | Customer Support | FedEx Locations | About the Blog
Wednesday, August 29, 2012
fedex.com | Customer Support | FedEx Locations | About the Blog
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Our customers’ expectations and needs evolve constantly, and so must we. The Roman statesman Marcus Aurelius summed it up best: “Nothing happens without change.” That’s why our operating companies relentlessly adjust their networks to meet traffic flows and levels. Each network is discrete so it can optimize its business without compromise. Hence our competitive advantage of speed and flexibility: FedEx Express, FedEx Ground and FedEx Freight are superior networks with industry-leading service levels. Superior networks translate into superior solutions for customers. That’s real value.
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We committed to a strong performance, and we delivered — no small feat, given the year’s challenges. Our earnings per share increased, and annual revenues exceeded $42 billion, a 9 percent increase, despite political gridlock in the United States, financial turmoil in Europe, a slowing Asian economy and volatile fuel prices.
![]() To revitalize our economy and build opportunity for current and future generations, we must: • Reduce our reliance on imported petroleum; • Combat overregulation; and • Revitalize business through tax reform, education and training.
Just like you, we’re keeping an eye on the cost of fuel. At FedEx, our vision is to help develop a new short-haul transportation system powered by electricity. I am a member of the Electrification Coalition, which recommends the creation of “electrification deployment communities” — areas where incentives would support electrification on a broad scale.
Today, FedEx is testing all-electric pickup and delivery vehicles in the U.S. and Europe. Early results indicate that operational and maintenance costs could be 70 to 80 percent lower than those costs for internal combustion engines. View a video that highlights more of my thoughts about the future of electric vehicles. |
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