FedEx’s total revenue grew by more than a fifth in FY 2020, as the company benefitted from continued growth in its B2C parcels and express services.

Parcels and express revenue grew faster than total volumes in 2020, driven by pricing initiatives for FedEx Express and yield improvements for FedEx Ground. Despite increased B2C volume share, the company saw its profit margin double to 7%. For 2021, FedEx expects to generate revenue of close to €80bn, up by around 7% on revenue for 2020. For more details download the latest IPC Carrier Intelligence Report for FedEx.

 

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