FedEx Corp. is seeing a drop in demand for speedy shipments moved by air because more customers are opting to move goods slower to save money. The company plans to announce a massive cost reduction plan for its Express unit next month.
Here’s a look at the unit:
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BUSINESS: Operates in 220 countries and territories, including every address in the United States
WORKFORCE: 146,000 employees worldwide
REVENUE: $26.5 billion in fiscal 2012
VOLUME: More than 3.5 million packages on an average day
FLEET: 660 aircraft and 45,000 vehicles
FACILITIES: 1,173 stations (659 U.S.; 514 outside U.S.) and 10 air express hubs
