S. E. Williams |
FedEx delivers about $70 billion in direct impact to the nation’s economy through its revenue and related business activities according to the company’s 2021 Economic Impact Report which looks at the company’s impact on the U.S. economy through the lens of ten communities across the country where FedEx facilities are located.
One of the local economies featured in the report is San Bernardino County where FedEx has facilities in the cities of Rialto and Ontario which serve much of the company’s Southern California market.
Among all the markets analyzed in the report, the Ontario and Rialto facilities combined saw the largest growth in shipment volume between 2019 and 2020 — an increase of 52.9%.
“Every day, in every ZIP code across the United States, FedEx is moving the economy forward,” FedEx President and COO Raj Subramaniam stated in his introductory comments to the reports. “Whether we’re safely delivering life saving vaccines, routing industrial parts that support critical commerce, or helping entrepreneurs grow their online businesses — what we move matters.” The FedEx share of the transportation sector in overall San Bernardino County GDP is 13%.
In addition, the overall transportation employment growth in the region doubled during 2020 compared to the pre-pandemic benchmark from 9.3% to 18.5%. Also, FedEx employment now accounts for 8.2% of transportation sector employment in the area and employment at the company rose 49.8%.
“Across the U.S. we employ more than 375,000 team members, and our team operates out of more than 4,200 facilities,” explained Subramaniam. Adding, “[A] FedEx presence brings along with it good-paying jobs and a measurable boost in the community’s overall economic vitality.”
FedEx investments in San Bernardino County have also expanded. In November 2020, FedEx Express opened a new state-of-the-art ramp at Ontario International Airport. The facility has an automated sorting capacity of up to 12,000 packages per hour and employs over 490 team members.
FedEx Ground is also committed to investing in the region, with more than $90 million in capital facility investment planned.
Beyond employment and capital investments, both of which support economic growth and stability, Subramaniam points to the company’s other contributions. “Our support for communities extends to our philanthropic efforts where we’ve donated more than $160 million from Fiscal Year 2019 to Fiscal Year 2021,” he noted. The company accomplishes this in part through charitable contributions and direct efforts to deliver a more sustainable future in communities where its team members live and work.
Subramaniam further highlighted how the company has regularly devoted its networks and logistics expertise to U.S.-based organizations “FedEx is uniquely equipped to help.”Read the full FedEx U.S. Economic Impact Report at fedex.com/economicimpact.