fedex corporation - southeastern asset management€¦ · fedex corporation. october 29, 2019....
TRANSCRIPT
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FedEx CorporationOctober 29, 2019
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Forward-Looking StatementsCertain statements in this presentation may be considered forward-looking statements, such as statements relating to management’s views with respect to future events and financial performance. 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 and mix of future global e-commerce growth and our ability to successfully compete in the e-commerce market, our ability to successfully implement our business strategy and effectively respond to changes in market dynamics, our ability to match capacity to shifting volume levels, 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.
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Source- Rakuten Intelligence 1
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Amazon
FedEx
UPS
USPS
Other
Last-Mile Carrier Share of Amazon.com Shipments
0.1519267756
0.0230692535
0.1863725481
0.6166341922
0.0219972306
0.1259739159
0.031036462
0.206823362
0.612507034
0.0236592261
0.1406325783
0.0316453586
0.2034557955
0.5969439535
0.0273223141
0.1535477796
0.0316635678
0.204063468
0.5811288698
0.0295963148
0.1611699691
0.0305086187
0.199177083
0.5795499156
0.0295944136
0.162017807
0.0290083124
0.209668547
0.569141414
0.0301639196
0.1627745014
0.0261601473
0.2192515905
0.5621768196
0.0296369412
0.1707375069
0.0249641725
0.21450454
0.558048687
0.0317450936
0.166542376
0.0247052255
0.2145774362
0.5646894618
0.0294855005
0.156820843
0.0260143563
0.2172907463
0.5707198185
0.0291542359
0.1624433574
0.025549119
0.216216208
0.5671816944
0.0286096212
0.1657616659
0.0258010205
0.2167888791
0.5621665864
0.0294818481
0.178619788
0.0249579349
0.2100769226
0.5579098745
0.0284354799
0.1855611558
0.0245098626
0.2077948345
0.5541946473
0.0279394998
0.181027961
0.0254055421
0.2090051591
0.5565011633
0.0280601746
0.1922460095
0.0239570945
0.1993623862
0.5555958551
0.0288386547
0.1965472464
0.0245993113
0.1897040542
0.5577867833
0.0313626048
0.1950494489
0.0241909019
0.195757995
0.5563320445
0.0286696097
0.1960777307
0.0229826556
0.196921958
0.5566621933
0.0273554623
0.196848093
0.022267263
0.1951577069
0.5583187551
0.027408182
0.20602499
0.0219385012
0.1857420971
0.5569338942
0.0293605175
0.2089460445
0.0209351339
0.1771021688
0.5638952512
0.0291214016
0.2134597812
0.0198047543
0.177249211
0.5606593589
0.0288268946
0.2087494806
0.0226977502
0.1924176257
0.5464552584
0.0296798851
0.2046003523
0.0234454601
0.1895008363
0.5538807621
0.0285725892
0.2107916137
0.0231203015
0.1822160944
0.552785181
0.0310868094
0.2159642974
0.0253991363
0.1709805811
0.5568166315
0.0308393537
0.2090888567
0.0235156487
0.1576977835
0.5824100963
0.0272876148
0.1879965763
0.0244316024
0.213419728
0.5488962707
0.0252558226
0.2166671645
0.0236017091
0.1780031034
0.5503510895
0.0313769335
0.2227034441
0.0234049716
0.1763458784
0.5449890396
0.0325566663
0.2040934184
0.0242911717
0.1827555041
0.556029095
0.0328308108
0.2191407305
0.0241994869
0.1794828406
0.5450401529
0.0321367891
0.2251153625
0.0246511832
0.1746933504
0.5435653004
0.0319748035
0.223174587
0.0251355357
0.1775355961
0.5410732563
0.0330810249
0.2135358608
0.0244720386
0.1760186873
0.555783121
0.0301902923
0.2122637003
0.0238825716
0.1812311315
0.5514898542
0.0311327424
0.2201138247
0.0253440768
0.1726118482
0.5502880099
0.0316422404
0.2315471774
0.0260122075
0.1693819939
0.5412219696
0.0318366516
0.2389773053
0.0249888344
0.1715696447
0.5345062918
0.0299579238
0.2416512109
0.0257801292
0.1868122995
0.5166969029
0.0290594575
0.2439948412
0.0245701268
0.186824176
0.514686046
0.02992481
0.2457249958
0.0210033698
0.1779892421
0.5236524702
0.0316299221
0.2491313116
0.0223221965
0.1865809319
0.5113965919
0.0305689681
0.269803231
0.0217322329
0.1778070984
0.5002696885
0.0303877492
0.2704840721
0.0210894149
0.1794408124
0.4954156192
0.0335700814
0.2722972588
0.0205894516
0.1950963695
0.484118031
0.0278988891
0.2431013582
0.017851055
0.2068645634
0.5110113205
0.0211717029
0.2091778677
0.0248132253
0.2085280148
0.5361756693
0.0213052229
0.2086341545
0.0268422669
0.1889928627
0.5573481827
0.0181825333
0.1913447617
0.0235552882
0.2419122463
0.5268018485
0.0163858553
0.1901395688
0.0225919477
0.261331182
0.5092648837
0.0166724178
0.2502351822
0.023642825
0.1914917809
0.5105017156
0.0241284963
0.2376454006
0.0197960399
0.20211244
0.5167058108
0.0237403087
0.26693845
0.0205752353
0.1863647023
0.499480914
0.0266406984
0.2798612036
0.020901729
0.1679981312
0.5033663175
0.0278726187
0.2924845548
0.0221876179
0.1590358825
0.4997182248
0.02657372
0.2899691688
0.0218128656
0.1578738708
0.5027499242
0.0275941706
0.2889342782
0.0224497366
0.1562131252
0.5058661873
0.0265366727
0.3004901353
0.0233191674
0.1567385524
0.4928632003
0.0265889446
0.2967516213
0.025613401
0.1534227091
0.4996935325
0.0245187361
0.288587101
0.0264064201
0.1565019145
0.5048623679
0.0236421965
0.2787629013
0.0264682394
0.1657286153
0.5062595506
0.0227806934
0.2957330185
0.0234319061
0.1500537859
0.5057224783
0.0250588112
0.2902225442
0.0242280488
0.1438341912
0.5165991011
0.0251161147
0.3000218825
0.0241142162
0.1375523233
0.5138041187
0.0245074593
0.3006372993
0.0229244945
0.1481493192
0.5037880007
0.0245008863
0.2992466173
0.0229457875
0.1425510773
0.5118296211
0.0234268968
0.2974703357
0.0258637775
0.153369708
0.4999563336
0.0233398452
0.3000592632
0.0252990938
0.1479198408
0.5019658549
0.0247559473
0.2979354027
0.0252090262
0.1508766472
0.5025813005
0.0233976234
0.3030428451
0.0242827655
0.1461929036
0.5040290292
0.0224524566
0.3031312716
0.0248104361
0.1493120176
0.5007402906
0.0220059841
0.30318352
0.02534781
0.1449699666
0.5053625191
0.0211361843
0.3061053741
0.0239631224
0.1401407397
0.5097517789
0.0200389849
0.2934921506
0.0258919217
0.1502473267
0.5088489778
0.0215196232
0.2933734507
0.0250204737
0.1520160802
0.5095512442
0.0200387512
0.3020852969
0.024010485
0.1455080247
0.5087093036
0.0196868898
0.2997290803
0.0254994177
0.1474251196
0.5063855532
0.0209608292
0.2860309517
0.0243151295
0.1490251726
0.5212230505
0.0194056957
0.3042834183
0.027302054
0.1419463046
0.5044946823
0.0219735408
0.2726849557
0.0232688263
0.1859009928
0.4982728345
0.0198723907
0.3074858342
0.025921091
0.1493932993
0.4960695384
0.0211302371
0.3068342636
0.0274886912
0.1508373783
0.4938288696
0.0210107973
0.2937850253
0.0258006155
0.1530741719
0.5068018543
0.0205383329
0.285331686
0.0243443465
0.1581575544
0.5122264354
0.0199399777
0.2882735477
0.0236000124
0.1573711305
0.5105965
0.0201588094
0.297056817
0.0237128461
0.1560002038
0.5037750077
0.0194551254
0.3033310756
0.0226291998
0.1600306498
0.4942622981
0.0197467767
0.3073927403
0.0213319659
0.1792586772
0.4731542607
0.0188623559
0.3163522587
0.0219171894
0.1698751152
0.4736140221
0.0182414146
0.3242352357
0.0257789464
0.1671905643
0.46439922
0.0183960336
0.3226259391
0.0270707394
0.1607553814
0.467139192
0.0224087481
0.3250431107
0.0236077549
0.1601343804
0.4694736624
0.0217410916
0.3211886356
0.0235462682
0.1651408562
0.4698660262
0.0202582138
0.3334824936
0.023558523
0.172524457
0.4515858308
0.0188486956
0.3612591251
0.0255233195
0.1595180932
0.4351946727
0.0185047895
0.3688640821
0.0254218356
0.1667181584
0.4212186031
0.0177773208
0.3536770353
0.0232660209
0.1693185651
0.4376706914
0.0160676873
0.3379179134
0.0199177718
0.1530524679
0.4742554001
0.0148564468
0.3141724722
0.0203624076
0.1846310482
0.4661191753
0.0147148967
0.317062705
0.0214272232
0.1867709158
0.4614433422
0.0132958138
0.2981770426
0.0204635244
0.1962841005
0.4741452896
0.0109300429
0.3042798476
0.0191294389
0.193558072
0.472259227
0.0107734145
0.3719300198
0.020981826
0.1576962088
0.4351017939
0.0142901515
0.3777002979
0.0211922218
0.1708292101
0.4167715738
0.0135066964
0.3955159073
0.0216261379
0.1462520051
0.4218451148
0.0147608349
0.3999824098
0.0224271129
0.150690998
0.4131171331
0.0137823462
0.4114796077
0.0242521676
0.1360210132
0.4148832674
0.0133639441
0.4075653897
0.0245373664
0.1515877502
0.4024208268
0.0138886669
0.4163922502
0.0251989312
0.1516337371
0.3931270629
0.0136480186
0.4216054416
0.0248901801
0.1575091253
0.382131746
0.013863507
0.4407988512
0.024303952
0.1508168314
0.3698767127
0.0142036527
0.4291266661
0.0241531973
0.156050773
0.3768646457
0.0138047179
0.4299275829
0.0255978701
0.1562094233
0.3743507901
0.0139143336
0.445650809
0.0262816038
0.1481854566
0.3652225479
0.0146595827
0.4400014271
0.0252117599
0.1512005081
0.3691817879
0.014404517
0.4338169934
0.0230527383
0.1614651571
0.3675812032
0.014083908
0.4460285452
0.0212152965
0.1654211889
0.3530306604
0.014304309
0.4512582392
0.018126641
0.1800255464
0.3361846081
0.0144049653
0.4629304243
0.0182773957
0.1747916048
0.3291966751
0.0148039001
0.4621295075
0.016832723
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0.3317105307
0.0146942843
0.4464062814
0.0161489893
0.1826569212
0.3408387729
0.0139490352
0.4520556633
0.0172188332
0.1796418697
0.3368795329
0.0142041009
0.458240097
0.0193778547
0.1693772207
0.3384801176
0.01452471
0.4632488254
0.0227069446
0.1716951485
0.332622841
0.0097262405
0.4762656158
0.015760392
0.1652908415
0.3326494584
0.0100336923
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Amazon
Share of Amazon.com Shipments
Amazon Logistics Share of Amazon.com Shipments (Jan-17 to May-19)
0.1519267756
0.1259739159
0.1406325783
0.1535477796
0.1611699691
0.162017807
0.1627745014
0.1707375069
0.166542376
0.156820843
0.1624433574
0.1657616659
0.178619788
0.1855611558
0.181027961
0.1922460095
0.1965472464
0.1950494489
0.1960777307
0.196848093
0.20602499
0.2089460445
0.2134597812
0.2087494806
0.2046003523
0.2107916137
0.2159642974
0.2090888567
0.1879965763
0.2166671645
0.2227034441
0.2040934184
0.2191407305
0.2251153625
0.223174587
0.2135358608
0.2122637003
0.2201138247
0.2315471774
0.2389773053
0.2416512109
0.2439948412
0.2457249958
0.2491313116
0.269803231
0.2704840721
0.2722972588
0.2431013582
0.2091778677
0.2086341545
0.1913447617
0.1901395688
0.2502351822
0.2376454006
0.26693845
0.2798612036
0.2924845548
0.2899691688
0.2889342782
0.3004901353
0.2967516213
0.288587101
0.2787629013
0.2957330185
0.2902225442
0.3000218825
0.3006372993
0.2992466173
0.2974703357
0.3000592632
0.2979354027
0.3030428451
0.3031312716
0.30318352
0.3061053741
0.2934921506
0.2933734507
0.3020852969
0.2997290803
0.2860309517
0.3042834183
0.2726849557
0.3074858342
0.3068342636
0.2937850253
0.285331686
0.2882735477
0.297056817
0.3033310756
0.3073927403
0.3163522587
0.3242352357
0.3226259391
0.3250431107
0.3211886356
0.3334824936
0.3612591251
0.3688640821
0.3536770353
0.3379179134
0.3141724722
0.317062705
0.2981770426
0.3042798476
0.3719300198
0.3777002979
0.3955159073
0.3999824098
0.4114796077
0.4075653897
0.4163922502
0.4216054416
0.4407988512
0.4291266661
0.4299275829
0.445650809
0.4400014271
0.4338169934
0.4460285452
0.4512582392
0.4629304243
0.4621295075
0.4464062814
0.4520556633
0.458240097
0.4632488254
0.4762656158
chart
4273042730427304273042730
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Amazon
FedEx
UPS
USPS
Other
Last-Mile Carrier Share of Amazon.com Shipments (Jan-17 to May-19)
0.1519267756
0.0230692535
0.1863725481
0.6166341922
0.0219972306
0.1259739159
0.031036462
0.206823362
0.612507034
0.0236592261
0.1406325783
0.0316453586
0.2034557955
0.5969439535
0.0273223141
0.1535477796
0.0316635678
0.204063468
0.5811288698
0.0295963148
0.1611699691
0.0305086187
0.199177083
0.5795499156
0.0295944136
0.162017807
0.0290083124
0.209668547
0.569141414
0.0301639196
0.1627745014
0.0261601473
0.2192515905
0.5621768196
0.0296369412
0.1707375069
0.0249641725
0.21450454
0.558048687
0.0317450936
0.166542376
0.0247052255
0.2145774362
0.5646894618
0.0294855005
0.156820843
0.0260143563
0.2172907463
0.5707198185
0.0291542359
0.1624433574
0.025549119
0.216216208
0.5671816944
0.0286096212
0.1657616659
0.0258010205
0.2167888791
0.5621665864
0.0294818481
0.178619788
0.0249579349
0.2100769226
0.5579098745
0.0284354799
0.1855611558
0.0245098626
0.2077948345
0.5541946473
0.0279394998
0.181027961
0.0254055421
0.2090051591
0.5565011633
0.0280601746
0.1922460095
0.0239570945
0.1993623862
0.5555958551
0.0288386547
0.1965472464
0.0245993113
0.1897040542
0.5577867833
0.0313626048
0.1950494489
0.0241909019
0.195757995
0.5563320445
0.0286696097
0.1960777307
0.0229826556
0.196921958
0.5566621933
0.0273554623
0.196848093
0.022267263
0.1951577069
0.5583187551
0.027408182
0.20602499
0.0219385012
0.1857420971
0.5569338942
0.0293605175
0.2089460445
0.0209351339
0.1771021688
0.5638952512
0.0291214016
0.2134597812
0.0198047543
0.177249211
0.5606593589
0.0288268946
0.2087494806
0.0226977502
0.1924176257
0.5464552584
0.0296798851
0.2046003523
0.0234454601
0.1895008363
0.5538807621
0.0285725892
0.2107916137
0.0231203015
0.1822160944
0.552785181
0.0310868094
0.2159642974
0.0253991363
0.1709805811
0.5568166315
0.0308393537
0.2090888567
0.0235156487
0.1576977835
0.5824100963
0.0272876148
0.1879965763
0.0244316024
0.213419728
0.5488962707
0.0252558226
0.2166671645
0.0236017091
0.1780031034
0.5503510895
0.0313769335
0.2227034441
0.0234049716
0.1763458784
0.5449890396
0.0325566663
0.2040934184
0.0242911717
0.1827555041
0.556029095
0.0328308108
0.2191407305
0.0241994869
0.1794828406
0.5450401529
0.0321367891
0.2251153625
0.0246511832
0.1746933504
0.5435653004
0.0319748035
0.223174587
0.0251355357
0.1775355961
0.5410732563
0.0330810249
0.2135358608
0.0244720386
0.1760186873
0.555783121
0.0301902923
0.2122637003
0.0238825716
0.1812311315
0.5514898542
0.0311327424
0.2201138247
0.0253440768
0.1726118482
0.5502880099
0.0316422404
0.2315471774
0.0260122075
0.1693819939
0.5412219696
0.0318366516
0.2389773053
0.0249888344
0.1715696447
0.5345062918
0.0299579238
0.2416512109
0.0257801292
0.1868122995
0.5166969029
0.0290594575
0.2439948412
0.0245701268
0.186824176
0.514686046
0.02992481
0.2457249958
0.0210033698
0.1779892421
0.5236524702
0.0316299221
0.2491313116
0.0223221965
0.1865809319
0.5113965919
0.0305689681
0.269803231
0.0217322329
0.1778070984
0.5002696885
0.0303877492
0.2704840721
0.0210894149
0.1794408124
0.4954156192
0.0335700814
0.2722972588
0.0205894516
0.1950963695
0.484118031
0.0278988891
0.2431013582
0.017851055
0.2068645634
0.5110113205
0.0211717029
0.2091778677
0.0248132253
0.2085280148
0.5361756693
0.0213052229
0.2086341545
0.0268422669
0.1889928627
0.5573481827
0.0181825333
0.1913447617
0.0235552882
0.2419122463
0.5268018485
0.0163858553
0.1901395688
0.0225919477
0.261331182
0.5092648837
0.0166724178
0.2502351822
0.023642825
0.1914917809
0.5105017156
0.0241284963
0.2376454006
0.0197960399
0.20211244
0.5167058108
0.0237403087
0.26693845
0.0205752353
0.1863647023
0.499480914
0.0266406984
0.2798612036
0.020901729
0.1679981312
0.5033663175
0.0278726187
0.2924845548
0.0221876179
0.1590358825
0.4997182248
0.02657372
0.2899691688
0.0218128656
0.1578738708
0.5027499242
0.0275941706
0.2889342782
0.0224497366
0.1562131252
0.5058661873
0.0265366727
0.3004901353
0.0233191674
0.1567385524
0.4928632003
0.0265889446
0.2967516213
0.025613401
0.1534227091
0.4996935325
0.0245187361
0.288587101
0.0264064201
0.1565019145
0.5048623679
0.0236421965
0.2787629013
0.0264682394
0.1657286153
0.5062595506
0.0227806934
0.2957330185
0.0234319061
0.1500537859
0.5057224783
0.0250588112
0.2902225442
0.0242280488
0.1438341912
0.5165991011
0.0251161147
0.3000218825
0.0241142162
0.1375523233
0.5138041187
0.0245074593
0.3006372993
0.0229244945
0.1481493192
0.5037880007
0.0245008863
0.2992466173
0.0229457875
0.1425510773
0.5118296211
0.0234268968
0.2974703357
0.0258637775
0.153369708
0.4999563336
0.0233398452
0.3000592632
0.0252990938
0.1479198408
0.5019658549
0.0247559473
0.2979354027
0.0252090262
0.1508766472
0.5025813005
0.0233976234
0.3030428451
0.0242827655
0.1461929036
0.5040290292
0.0224524566
0.3031312716
0.0248104361
0.1493120176
0.5007402906
0.0220059841
0.30318352
0.02534781
0.1449699666
0.5053625191
0.0211361843
0.3061053741
0.0239631224
0.1401407397
0.5097517789
0.0200389849
0.2934921506
0.0258919217
0.1502473267
0.5088489778
0.0215196232
0.2933734507
0.0250204737
0.1520160802
0.5095512442
0.0200387512
0.3020852969
0.024010485
0.1455080247
0.5087093036
0.0196868898
0.2997290803
0.0254994177
0.1474251196
0.5063855532
0.0209608292
0.2860309517
0.0243151295
0.1490251726
0.5212230505
0.0194056957
0.3042834183
0.027302054
0.1419463046
0.5044946823
0.0219735408
0.2726849557
0.0232688263
0.1859009928
0.4982728345
0.0198723907
0.3074858342
0.025921091
0.1493932993
0.4960695384
0.0211302371
0.3068342636
0.0274886912
0.1508373783
0.4938288696
0.0210107973
0.2937850253
0.0258006155
0.1530741719
0.5068018543
0.0205383329
0.285331686
0.0243443465
0.1581575544
0.5122264354
0.0199399777
0.2882735477
0.0236000124
0.1573711305
0.5105965
0.0201588094
0.297056817
0.0237128461
0.1560002038
0.5037750077
0.0194551254
0.3033310756
0.0226291998
0.1600306498
0.4942622981
0.0197467767
0.3073927403
0.0213319659
0.1792586772
0.4731542607
0.0188623559
0.3163522587
0.0219171894
0.1698751152
0.4736140221
0.0182414146
0.3242352357
0.0257789464
0.1671905643
0.46439922
0.0183960336
0.3226259391
0.0270707394
0.1607553814
0.467139192
0.0224087481
0.3250431107
0.0236077549
0.1601343804
0.4694736624
0.0217410916
0.3211886356
0.0235462682
0.1651408562
0.4698660262
0.0202582138
0.3334824936
0.023558523
0.172524457
0.4515858308
0.0188486956
0.3612591251
0.0255233195
0.1595180932
0.4351946727
0.0185047895
0.3688640821
0.0254218356
0.1667181584
0.4212186031
0.0177773208
0.3536770353
0.0232660209
0.1693185651
0.4376706914
0.0160676873
0.3379179134
0.0199177718
0.1530524679
0.4742554001
0.0148564468
0.3141724722
0.0203624076
0.1846310482
0.4661191753
0.0147148967
0.317062705
0.0214272232
0.1867709158
0.4614433422
0.0132958138
0.2981770426
0.0204635244
0.1962841005
0.4741452896
0.0109300429
0.3042798476
0.0191294389
0.193558072
0.472259227
0.0107734145
0.3719300198
0.020981826
0.1576962088
0.4351017939
0.0142901515
0.3777002979
0.0211922218
0.1708292101
0.4167715738
0.0135066964
0.3955159073
0.0216261379
0.1462520051
0.4218451148
0.0147608349
0.3999824098
0.0224271129
0.150690998
0.4131171331
0.0137823462
0.4114796077
0.0242521676
0.1360210132
0.4148832674
0.0133639441
0.4075653897
0.0245373664
0.1515877502
0.4024208268
0.0138886669
0.4163922502
0.0251989312
0.1516337371
0.3931270629
0.0136480186
0.4216054416
0.0248901801
0.1575091253
0.382131746
0.013863507
0.4407988512
0.024303952
0.1508168314
0.3698767127
0.0142036527
0.4291266661
0.0241531973
0.156050773
0.3768646457
0.0138047179
0.4299275829
0.0255978701
0.1562094233
0.3743507901
0.0139143336
0.445650809
0.0262816038
0.1481854566
0.3652225479
0.0146595827
0.4400014271
0.0252117599
0.1512005081
0.3691817879
0.014404517
0.4338169934
0.0230527383
0.1614651571
0.3675812032
0.014083908
0.4460285452
0.0212152965
0.1654211889
0.3530306604
0.014304309
0.4512582392
0.018126641
0.1800255464
0.3361846081
0.0144049653
0.4629304243
0.0182773957
0.1747916048
0.3291966751
0.0148039001
0.4621295075
0.016832723
0.1746329545
0.3317105307
0.0146942843
0.4464062814
0.0161489893
0.1826569212
0.3408387729
0.0139490352
0.4520556633
0.0172188332
0.1796418697
0.3368795329
0.0142041009
0.458240097
0.0193778547
0.1693772207
0.3384801176
0.01452471
0.4632488254
0.0227069446
0.1716951485
0.332622841
0.0097262405
0.4762656158
0.015760392
0.1652908415
0.3326494584
0.0100336923
data
Week StartAmazonFedExUPSUSPSOther
12/26/1615.2%2.3%18.6%61.7%2.2%
1/2/1712.6%3.1%20.7%61.3%2.4%
1/9/1714.1%3.2%20.3%59.7%2.7%
1/16/1715.4%3.2%20.4%58.1%3.0%
1/23/1716.1%3.1%19.9%58.0%3.0%
1/30/1716.2%2.9%21.0%56.9%3.0%
2/6/1716.3%2.6%21.9%56.2%3.0%
2/13/1717.1%2.5%21.5%55.8%3.2%
2/20/1716.7%2.5%21.5%56.5%2.9%
2/27/1715.7%2.6%21.7%57.1%2.9%
3/6/1716.2%2.6%21.6%56.7%2.9%
3/13/1716.6%2.6%21.7%56.2%2.9%
3/20/1717.9%2.5%21.0%55.8%2.8%
3/27/1718.6%2.5%20.8%55.4%2.8%
4/3/1718.1%2.5%20.9%55.7%2.8%
4/10/1719.2%2.4%19.9%55.6%2.9%
4/17/1719.7%2.5%19.0%55.8%3.1%
4/24/1719.5%2.4%19.6%55.6%2.9%
5/1/1719.6%2.3%19.7%55.7%2.7%
5/8/1719.7%2.2%19.5%55.8%2.7%
5/15/1720.6%2.2%18.6%55.7%2.9%
5/22/1720.9%2.1%17.7%56.4%2.9%
5/29/1721.3%2.0%17.7%56.1%2.9%
6/5/1720.9%2.3%19.2%54.6%3.0%
6/12/1720.5%2.3%19.0%55.4%2.9%
6/19/1721.1%2.3%18.2%55.3%3.1%
6/26/1721.6%2.5%17.1%55.7%3.1%
7/3/1720.9%2.4%15.8%58.2%2.7%
7/10/1718.8%2.4%21.3%54.9%2.5%
7/17/1721.7%2.4%17.8%55.0%3.1%
7/24/1722.3%2.3%17.6%54.5%3.3%
7/31/1720.4%2.4%18.3%55.6%3.3%
8/7/1721.9%2.4%17.9%54.5%3.2%
8/14/1722.5%2.5%17.5%54.4%3.2%
8/21/1722.3%2.5%17.8%54.1%3.3%
8/28/1721.4%2.4%17.6%55.6%3.0%
9/4/1721.2%2.4%18.1%55.1%3.1%
9/11/1722.0%2.5%17.3%55.0%3.2%
9/18/1723.2%2.6%16.9%54.1%3.2%
9/25/1723.9%2.5%17.2%53.5%3.0%
10/2/1724.2%2.6%18.7%51.7%2.9%
10/9/1724.4%2.5%18.7%51.5%3.0%
10/16/1724.6%2.1%17.8%52.4%3.2%
10/23/1724.9%2.2%18.7%51.1%3.1%
10/30/1727.0%2.2%17.8%50.0%3.0%
11/6/1727.0%2.1%17.9%49.5%3.4%
11/13/1727.2%2.1%19.5%48.4%2.8%
11/20/1724.3%1.8%20.7%51.1%2.1%
11/27/1720.9%2.5%20.9%53.6%2.1%
12/4/1720.9%2.7%18.9%55.7%1.8%
12/11/1719.1%2.4%24.2%52.7%1.6%
12/18/1719.0%2.3%26.1%50.9%1.7%
12/25/1725.0%2.4%19.1%51.1%2.4%
1/1/1823.8%2.0%20.2%51.7%2.4%
1/8/1826.7%2.1%18.6%49.9%2.7%
1/15/1828.0%2.1%16.8%50.3%2.8%
1/22/1829.2%2.2%15.9%50.0%2.7%
1/29/1829.0%2.2%15.8%50.3%2.8%
2/5/1828.9%2.2%15.6%50.6%2.7%
2/12/1830.0%2.3%15.7%49.3%2.7%
2/19/1829.7%2.6%15.3%50.0%2.5%
2/26/1828.9%2.6%15.7%50.5%2.4%
3/5/1827.9%2.6%16.6%50.6%2.3%
3/12/1829.6%2.3%15.0%50.6%2.5%
3/19/1829.0%2.4%14.4%51.7%2.5%
3/26/1830.0%2.4%13.8%51.4%2.5%
4/2/1830.1%2.3%14.8%50.4%2.5%
4/9/1829.9%2.3%14.3%51.2%2.3%
4/16/1829.7%2.6%15.3%50.0%2.3%
4/23/1830.0%2.5%14.8%50.2%2.5%
4/30/1829.8%2.5%15.1%50.3%2.3%
5/7/1830.3%2.4%14.6%50.4%2.2%
5/14/1830.3%2.5%14.9%50.1%2.2%
5/21/1830.3%2.5%14.5%50.5%2.1%
5/28/1830.6%2.4%14.0%51.0%2.0%
6/4/1829.3%2.6%15.0%50.9%2.2%
6/11/1829.3%2.5%15.2%51.0%2.0%
6/18/1830.2%2.4%14.6%50.9%2.0%
6/25/1830.0%2.5%14.7%50.6%2.1%
7/2/1828.6%2.4%14.9%52.1%1.9%
7/9/1830.4%2.7%14.2%50.4%2.2%
7/16/1827.3%2.3%18.6%49.8%2.0%
7/23/1830.7%2.6%14.9%49.6%2.1%
7/30/1830.7%2.7%15.1%49.4%2.1%
8/6/1829.4%2.6%15.3%50.7%2.1%
8/13/1828.5%2.4%15.8%51.2%2.0%
8/20/1828.8%2.4%15.7%51.1%2.0%
8/27/1829.7%2.4%15.6%50.4%1.9%
9/3/1830.3%2.3%16.0%49.4%2.0%
9/10/1830.7%2.1%17.9%47.3%1.9%
9/17/1831.6%2.2%17.0%47.4%1.8%
9/24/1832.4%2.6%16.7%46.4%1.8%
10/1/1832.3%2.7%16.1%46.7%2.2%
10/8/1832.5%2.4%16.0%46.9%2.2%
10/15/1832.1%2.4%16.5%47.0%2.0%
10/22/1833.3%2.4%17.3%45.2%1.9%
10/29/1836.1%2.6%16.0%43.5%1.9%
11/5/1836.9%2.5%16.7%42.1%1.8%
11/12/1835.4%2.3%16.9%43.8%1.6%
11/19/1833.8%2.0%15.3%47.4%1.5%
11/26/1831.4%2.0%18.5%46.6%1.5%
12/3/1831.7%2.1%18.7%46.1%1.3%
12/10/1829.8%2.0%19.6%47.4%1.1%
12/17/1830.4%1.9%19.4%47.2%1.1%
12/24/1837.2%2.1%15.8%43.5%1.4%
12/31/1837.8%2.1%17.1%41.7%1.4%
1/7/1939.6%2.2%14.6%42.2%1.5%
1/14/1940.0%2.2%15.1%41.3%1.4%
1/21/1941.1%2.4%13.6%41.5%1.3%
1/28/1940.8%2.5%15.2%40.2%1.4%
2/4/1941.6%2.5%15.2%39.3%1.4%
2/11/1942.2%2.5%15.8%38.2%1.4%
2/18/1944.1%2.4%15.1%37.0%1.4%
2/25/1942.9%2.4%15.6%37.7%1.4%
3/4/1943.0%2.6%15.6%37.4%1.4%
3/11/1944.6%2.6%14.8%36.5%1.5%
3/18/1944.0%2.5%15.1%36.9%1.4%
3/25/1943.4%2.3%16.1%36.8%1.4%
4/1/1944.6%2.1%16.5%35.3%1.4%
4/8/1945.1%1.8%18.0%33.6%1.4%
4/15/1946.3%1.8%17.5%32.9%1.5%
4/22/1946.2%1.7%17.5%33.2%1.5%
4/29/1944.6%1.6%18.3%34.1%1.4%
5/6/1945.2%1.7%18.0%33.7%1.4%
5/13/1945.8%1.9%16.9%33.8%1.5%
5/20/1946.3%2.3%17.2%33.3%1.0%
5/27/1947.6%1.6%16.5%33.3%1.0%
-
Bundle of Solutions% of Revenue
FedEx Ground (FXG) 0.4%
FedEx Freight (FXF) 1.4%
FedEx Express (FXE) 1.4%
FXE+FXG 16.8%
FXE+FXF 0.3%All
Opcos79.5%
FXG+FXF 0.2%
Revenue from U.S. payors for the period May 2018–April 2019. Customer defined at the Country HQ level. FXG includes FedEx SmartPost service revenue.
• Our portfolio of solutions creates a strong value proposition
• 96.8% of U.S. revenue comes from customers of two or more operating companies
• We manage service offerings as a portfolio for the benefit of our customers and FedEx
• Our independent operations enable optimal service quality, reliability and focus
2
-
46
48
50
52
54
56
58
60
62
2016 2017 2018 2019
U.S. Manufacturing PMI®
3Source: Institute for Supply Management®, via Haver Analytics® as of September 2019
Note: Purchasing Manager’s Index (PMI) of under 50 indicates contraction
-
46
48
50
52
54
56
58
60
62
2016 2017 2018 2019
IHS Markit Eurozone Manufacturing PMI
4Source: PMI™ by IHS Markit as of September 2019
Note: Purchasing Manager’s Index (PMI) of under 50 indicates contraction
-
EC is projected to account for over 90% of total market volume growth through CY26
Projected Total U.S. Domestic Market Volume Growth
56% of EC market volume growth is projected to be addressable market for FedEx through CY26
The projected growth of the U.S. domestic E-Commerce (EC) market provides huge market opportunity for FedEx
2026
47%
ECNon-EC2018
53%
7%
93%28%
72%Non-ECEC
41%
2026
35%
56%
65%
2018
44%
Non-AddressableEC
Addressable EC
59%Non-Addressable ECAddressable EC
Projected U.S. Domestic EC Market Volume Growth
Source: FedEx Analysis as of September 2019Note: Non-EC includes B2B and Residential Non-EC
5
Source: FedEx Analysis as of September 2019
Chart1
28.45825.368
53.8263.417
57.24346.67
75.12828.7850
Sheet1
28.45853.82657.24375.128
25.3683.41746.6728.785
0
Chart1
18.479.99
28.4620.73
49.1925.94
44.4130.720
Sheet1
18.4728.4649.1944.41
9.9920.7325.9430.72
0
Slide Number 1Slide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6The projected growth of the U.S. domestic E-Commerce (EC) market provides huge market opportunity for FedEx