INDIA, October 26, 2021 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, today revealed the findings of its ‘Future is Now’ study* that offers insights into India’s readiness to embrace the future.

India is at the cusp of change, with the pandemic accelerating the country’s digital transformation. From healthcare to education, banking to manufacturing, technology is transforming every sector, giving rise to a future full of possibilities. According to the study, which surveyed more than 4,000 respondents in 18 cities, 79% stated that India was prioritizing technology like Artificial Intelligence, the Internet of Things, and Blockchain to deliver a future-ready world. Approximately 83% believed the technology they’d seen in science fiction movies is either already a part of their daily lives, or likely to be in the next few years.

With the trend of technology-led change likely to continue, specific industries were identified as major drivers in shaping the cities of the future, with healthcare (35%), infrastructure and logistics (21%), and banking and finance (18%) believed to be leading the change.

Mohamad Sayegh, Vice President, India Operations for FedEx Express, said, “At FedEx, we have a legacy of innovation spanning several decades, and we constantly innovate to create solutions for the world in responsible and resourceful ways.

With the shift towards digital transformation accelerating, innovations and cutting-edge technologies with a focus on sustainability are poised to drive the future of business. Further progress in Blockchain, IoT, Automation, and Robotics is not only going to lead the way for the logistics industry but all industries in the future.”

The ‘Future is Now’ study focused on three main views: being dynamic, how India is open to experimentation and innovation, and to what degree the country is sustainability conscious. The findings indicated that future success will likely rely on businesses structuring their approach around these three outlooks.

The future is dynamic

Regardless of industry, companies must monitor the pulse of their consumers, anticipate their needs, and stay one step ahead of their rapidly evolving expectations. The pandemic accelerated change in almost every aspect of life, from how we live and work, to how businesses interact with their customers, and how customers purchase products and services.

The FedEx study shows that businesses are already working to keep pace with this change, with about 87% of respondents stating that over the past year, companies demonstrated their ability to understand ‘What’s next?’ and present possible solutions.

Openness to experimentation is indispensable to a future-ready mindset

India has jumped ranks in the Global Innovation Index and is home to a thriving start-up ecosystem that propels transformation with new ideas and solutions.

In an increasingly dynamic environment, success for businesses hinges upon pushing the envelope and fostering a culture of experiment-led innovation. A majority of 91% of those polled in the FedEx survey, believe that organizations, communities, or even individuals who experiment and adopt change are better equipped to navigate through future challenges.

A sustainable mindset isn’t a choice, but rather, a business imperative for success

Consumers today are growing more conscious of the impact their choices have on the world around them – whether it pertains to the environment or their communities. Even their purchasing decisions are increasingly influenced by their perception of an organization being sustainable and responsible. According to the FedEx study, three-quarters (75%) agreed that individuals, communities, etc. that have a ‘futuristic’ outlook are more environmentally conscious. In fact, 71% of the respondents claimed that, as decision-makers in a futuristic business, sustainability would be crucial and their top priority. 

The response from the study participants is clear: organizations must continue to re-evaluate and revamp their sustainability strategies to help ensure relevance to their customers and resilience for the long term.

As the world keeps evolving, technology and trends will likely drive changes in lifestyle, behaviors, and attitude. For both businesses and individuals, embracing a future that offers endless possibilities and having a mindset that is dynamic, experimental, and sustainable will be imperative to stay one step ahead of the curve.

FedEx ‘Future is Now’ study* Methodology 

The above findings are based on research fieldwork conducted by Innovative Research Services (India) Pvt. Ltd., Mumbai, through face-to-face and telephonic interviews with 4,210 respondents in 18 Tier 1 and Tier 2 cities. Out of these 18 cities, nine are Tier 1 cities which include Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, Pune, and Secunderabad, while the other nine are Tier 2 cities which include Coimbatore, Dehradun, Gurgaon, Jaipur, Kochi, Lucknow, Surat, Udaipur, and Varanasi. Respondents included a representative sample of people from the above cities aged between 18-60 years.

About FedEx Express

FedEx Express is one of the world’s largest express transportation companies, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date.

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 revenue of $87 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 560,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

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India, Mumbai, August 9, 2021 – FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, has supported United Way Mumbai, in its efforts to provide relief following the Maharashtra floods. FedEx Express delivered more than 14 tons of food and essential hygiene kits from Mumbai to Mahad in the Raigad district.

FedEx Express recognizes that disasters can dramatically affect lives, and impact communities. The relief effort is part of the company’s FedEx Cares “Delivering for Good” initiative, using its global network and unparalleled logistics expertise to help organizations with mission-critical needs in times of disaster.

Mohamad Sayegh, Vice President, India Operations for FedEx Express said, “We extend our deepest sympathies to those affected by Maharashtra’s floods, and support United Way Mumbai’s efforts to get emergency supplies where they are needed the most.”

George Aikara, Chief Executive Officer of United Way Mumbai said, “We are very grateful to FedEx for extending their network to transport these kits to people in need. The kits, which have been put together through the support of various corporate partners are essential relief supplies to help affected families rebuild their lives. The savings on logistics greatly helps us increase the number of kits and families that can be served.”

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee¹.

 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 revenue of $84 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 570,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.

About United Way Mumbai

United Way Mumbai is a non-profit organization working in urban and rural communities across India to identify and implement the most impactful solutions to community problems. As a leader in the Indian development sector, UWM works closely with a network of 500+ NGOs and a large number of corporates for their CSR programs, employee giving campaigns, and community impact projects. This includes designing CSR policy and strategies, due diligence of NGO partners, program implementation, employee volunteering, impact assessments, and ­financial and programmatic reporting. Over the past 19 years, the organization has partnered with 300+ companies and 100,000+ individual donors investing INR 648 crore for community development projects. UWM’s expertise lies in identifying, designing & implementing high-impact projects in the areas of Education, Health, Income, Environment, Public Safety & Social Inclusion. UWM is part of a 130+-year-old international network spread across 41 countries.

Read more about United Way Mumbai at www.unitedwaymumbai.org

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MUMBAI, India, Jul 16, 2021 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, and Delhivery, a leading logistics and supply chain services company in India, announced today that FedEx Express India and Delhivery have entered into equity and commercial agreements that will utilize their combined strengths to unlock India’s international trade potential. Completion of this transaction is subject to closing conditions, including regulatory approval. 

 “India is a strategic priority for FedEx.  This strategic alliance will support our long-term vision to grow our India business and serve customers seeking to expand in or enter the Indian market, as well as provide opportunities to develop product and technology solutions together with Delhivery for the benefit of our customers” said Raj Subramaniam, President and Chief Operating Officer of FedEx Corp.

 Commenting on the announcement, Sahil Barua, Co-founder, and Chief Executive Officer, Delhivery, said, “We are excited to partner with FedEx and look forward to the synergies created between Delhivery’s capabilities in India and FedEx’s global network. Our aim is to bring new products and opportunities to Indian and global businesses and consumers through unique access to our networks, and our technology and engineering capabilities.”

As part of the collaboration, FedEx will make a US$100 million equity investment in Delhivery, and the companies will enter into a long-term commercial agreement. FedEx Express will focus on international export and import services to and from India, and Delhivery will, in addition to FedEx, sell FedEx Express international products and services in the Indian market and provide pick-up and delivery services across India. FedEx will transfer certain assets pertaining to its domestic business in India to Delhivery.

 Additionally, Don Colleran, President, and CEO of FedEx Express will be nominated to join the Delhivery Board of Directors as a further sign of collaboration between the two companies. 

 This transaction combines the FedEx global network with Delhivery’s extensive pan-India network and technology solutions to bring the best of both worlds together.  The investment and the commercial agreement between the two companies deepen the FedEx commitment to the Indian market and signal a significant step in providing innovative services and solutions that aim to improve speed, efficiency, and access for FedEx and Delhivery customers. 

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 revenue of $84 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 570,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.

 About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air and ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee

 About Delhivery

Delhivery is a leading logistics and supply chain services company in India. With its nationwide network covering over 18,700 pin codes, the company provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing, End-to-end supply chain services, and technology services. Delhivery has successfully fulfilled over 1 billion shipments since inception and today works with over 15,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.  

 Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements, such as statements relating to FedEx and Delhivery’s views with respect to the benefits of the proposed transaction. Forward-looking statements include those preceded by, followed by or that include the words “will,” “may,” “could,” “would,” “should,” “believe,” “expected,” “anticipated,” “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 ability of FedEx and Delhivery to receive regulatory approvals and satisfy all other conditions for completion of the transaction, FedEx’s ability to achieve the anticipated benefits from the transaction, 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. FedEx does 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.

Contact: 

• Abby Bailey

FedEx Express  +971 50 159 71 22  abailey@fedex.com

• Ridhi Agarwal

Delhivery +919953696230 ridhi.agarwal@delhivery.com

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India, Mumbai, July 12, 2021 – FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, together with t/GELF Junior Achievement (JA) India, launched the first FedEx/JA International Trade Challenge Competition for India. The competition recognizes student-run businesses that best exhibit the principles of global connectivity.

Taking place from May to July 2021, the phased competition featured a series of virtual workshops attracting more than 450 students from 25 schools across India. The workshops included interactive learning sessions, inspirational talks, and interactions with mentors from FedEx, tGELF/JA India, and industry experts addressing logistics, finance, and global trade.

The three student teams identified to participate at the regional level are Springdales School, New Delhi, Learning Paths School, Mohali, and Padma Sheshadri Bala Bhavan Senior Secondary School, Chennai, and will represent India in the Asia Pacific International Trade Challenge Competition in August.

Mohamad Sayegh, Vice President, India Operations for FedEx Express said, “Congratulations to all the young entrepreneurs who challenged themselves to develop and present business ideas that capture the needs of customers in India, and around the world. We’ve had the pleasure to interact with amazing young people from across the nation to inspire, motivate, and empower them to excel in this rapidly changing business environment. The International Trade Challenge fosters the entrepreneurial spirit and business skills of Indian students while supporting the development of creative business ideas through practical, workable business proposals.”

Maziar Sabet, President, and CEO of JA Asia Pacific said, “I am grateful that for the first time ever, and despite a global pandemic, we were able to extend the opportunity to our young entrepreneurs in India to compete in the 15^th iteration of the ITC Asia Pacific competition. Our students in India showed a great deal of resilience and remained undaunted. Entrepreneurship is about leadership, and our students in India displayed it in abundance!”

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee¹.

 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 revenue of $84 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 570,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.  

About tGELF/Junior Achievement India

The Global Education & Leadership Foundation (tGELF)/Junior Achievement India is a not-for-profit organization founded in 2008 and administrators of Junior Achievement Worldwide, a US-based not-for-profit. We seek to nurture 21st-century leadership and entrepreneurial skills rooted in ethics, altruism, and decisiveness in young individuals pan India age 10+ through unique, interactive, and progressive curricula and programs. The programs enable students to not only acquire an entrepreneurial mindset but also activate start-up skills to become job creators and agents of change. An annual youth fest called Harmony is hosted each year to identify potential leadership and honor today’s youth for their outstanding acts of community service, lending voice to action, and bringing positive change in our communities.  To date, tGELF/JA India has impacted more than 3 million students and youth across India and overseas. For more information please visit www.tgelf.org

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India, Pune, June 3, 2021 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has announced it will donate $50,000 USD each to sustainability-focused projects in India and Africa.

As part of the FedEx Priority Earth Global Grant Program, thousands of FedEx team members selected 12 nonprofits from across the six international regions in which FedEx operates. Each is awarded a $50,000 USD grant, for a total FedEx investment of $600,000 USD toward green solutions:

“FedEx has set ambitious goals to reduce our footprint where we have the greatest environmental impact. Working alongside nonprofits and investing in their efforts is a critical part of the company’s strategy to drive the action and innovation needed to make a difference in our world,” said Jack Muhs, regional president for the Middle East, Indian subcontinent, and Africa.

United Way Mumbai supports multiple environmental sustainability projects, including urban afforestation, protecting mangroves, and watershed development. Their programs support the efforts of local civic bodies and involve community members in environmental protection.

“The support from FedEx will help United Way Mumbai plant and maintain mangrove saplings in degraded wetlands in Mumbai. It will also support efforts to clean and maintain our beaches and reduce marine pollution. We are grateful for this support and know that it will contribute to lasting change in our communities,” said George Aikara, CEO, United Way Mumbai.

Solar Sister supports the environment through the creation of green energy and women-driven businesses that provide power in areas that still do not have electricity. Funding will provide a comprehensive package of support, training, and services to create a larger network of women to bring clean energy technology to remote communities in rural Africa.

“We are so grateful to FedEx for sharing our values and our vision to create a lasting impact toward a sustainable future. Investing in women’s enterprise in off-grid communities is a key part of the solution to the clean energy challenge. The support from FedEx will help to scale our model to more communities in sub-Saharan Africa, multiplying the impact that we have on women entrepreneurs, their families, and their communities,” said Katherine Lucey, Founder, and CEO of Solar Sister, Inc.

This new investment as part of the Priority Earth Global Grant Program aligns with ongoing collaboration between FedEx and organizations that are leading the development of innovative solutions to address climate change. It follows the commitment FedEx made earlier this year to achieve carbon-neutral operations globally by 2040. 

To learn more about FedEx Cares, visit fedexcares.com.

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 revenue of $79 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 570,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com

fedex.com/sustainability

About Solar Sister

About United Way Mumbai

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MEMPHIS, Tenn., May 6, 2021— As India and its healthcare systems face a surge in COVID-19 infections across the country, FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is working with organizations around the world to deliver critical medical supplies and equipment during this crisis.

FedEx is currently supporting the transportation of more than 25,000 oxygen concentrators and converters through an initiative with the U.S.-India Strategic Partnership Forum and other multinational companies. An initial shipment of 1,000 critical oxygen concentrators was delivered by FedEx to New Delhi on April 30 as part of this collective.

On May 8, FedEx is donating a FedEx Boeing 777F charter flight to move more than 3,400 oxygen concentrators, converters, and nearly 265,000 KN95 masks for Direct Relief from Newark, New Jersey to Mumbai, India. The supplies will ultimately be delivered to healthcare facilities in Mumbai. In addition, FedEx is working with customers and non-profit organizations to deliver hundreds of tonnes of medical supplies and aid into India in the days and weeks ahead.

FedEx also is a founding member of the  Global Task Force on Pandemic Response, a public-private partnership organized by the U.S. Chamber of Commerce and supported by the Business Roundtable to provide a unified platform for businesses to mobilize and deliver resources to assist COVID-19 efforts in areas of the highest need around the world. FedEx President and COO Raj Subramaniam are one of 17 business leaders serving on the steering committee for the task force.

“The devastating humanitarian crisis in India requires relief from around the world, and it is our mission to deliver critical aid needed to help alleviate suffering,” Subramaniam said. “We have been on the frontlines delivering relief since the start of the pandemic, and are responding to the urgent situation in India now. FedEx will continue to deliver lifesaving medicine, personal protective equipment, and other critical supplies until this pandemic is over.”

 FedEx has moved more than 10,000 COVID-19 humanitarian aid shipments since January 2020. The company has also committed $4 million in cash and in-kind transportation support to help nonprofits including Direct Relief and International Medical Corps distribute COVID-19 vaccines to under-resourced communities around the world.

FedEx has a long history of moving critical items across the globe. Since the start of the pandemic, FedEx Express has shipped more than 80 kilotons of personal protective equipment, including more than 2.2 billion masks worldwide. An integral part of the global vaccine supply chain, FedEx is currently delivering COVID-19 vaccines, related ingredients, and supplies to more than 25 countries around the world.

“Direct Relief is thankful beyond words for FedEx enabling scaled-up assistance that’s critically needed by people in India, where growing COVID-19 cases present such severe threats to their health,” said Thomas Tighe, Direct Relief President, and CEO. “As it has on so many other occasions, FedEx devoting its unique logistics capacity and the skills and energies of its global team is a perfect example of the type of leadership and commitment that is needed now to combat this historic pandemic and the risks to people everywhere.”

The delivery of the lifesaving supplies is consistent with the company’s FedEx Cares 50 by 50 goal to positively impact 50 million people around the world by the company’s 50^th anniversary in 2023. Learn more about the FedEx Cares “Delivering for Good” initiative here.

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 revenue of $79 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 570,000 team members to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.

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