Q1 Fiscal 2009 Statistics
FedEx Corporation
Financial and Operating Statistics
First Quarter Fiscal 2009
September 18, 2008
This report is a statistical supplement to FedEx’s interim financial reports and is
prepared quarterly. Additional copies are available for downloading and printing at
www.fedex.com/us/investorrelations. For more information, write or call:
Mickey Foster, Vice President
Elizabeth Allen, Manager
Stephen Hughes, Manager
Jeff Smith, Manager
FedEx Corp. Investor Relations
942 S. Shady Grove Road
Memphis, TN 38120
Telephone: (901) 818-7200
TABLE OF CONTENTS
• FEDEX CORPORATION
OVERVIEW
CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2007 – FY2008
FY2009 – FY2010
CAPITAL EXPENDITURES
1
2
3
4
5
6
7
• FEDEX EXPRESS SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2007 – FY2008
FY2009 – FY2010
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
FY2007 – FY2008
FY2009 – FY2010
AIRCRAFT AND VEHICLE FLEET STATISTICS
JET FUEL STATISTICS
8
9
10
11
12
13
14
15
• FEDEX GROUND SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2007 – FY2008
FY2009 – FY2010
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
16
17
18
19
20
• FEDEX FREIGHT SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2007 – FY2008
FY2009 – FY2010
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
21
22
23
24
25
FEDEX CORPORATION
OVERVIEW
FedEx Corporation provides customers and businesses worldwide with a broad portfolio of
transportation, e-commerce and business services. With annual revenues of $39 billion, the
company offers integrated business applications through operating companies competing
collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked
among the world's most admired and trusted employers, FedEx inspires its more than 290,000
employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical
and professional standards and the needs of their customers and communities.
FedEx Express invented express distribution and remains the industry’s global leader, providing
rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets
that comprise more than 90 percent of the world’s gross domestic product within one to three
business days. Unmatched air route authorities and transportation infrastructure make FedEx
Express the world’s largest express transportation company, providing fast and reliable services
for 3.4 million shipments each business day. The FedEx Express segment also includes FedEx
Trade Networks, which provides international trade services, specializing in customs brokerage
and global cargo distribution.
FedEx Ground is a leading provider of ground small-package delivery services, providing service
to the U.S., Canada and Puerto Rico. FedEx Home Delivery, the industry’s first ground service
dedicated to residential delivery, is available from FedEx Ground and is backed by a money-back
guarantee. FedEx Ground segment financial results include FedEx SmartPost, which specializes
in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-toconsumer packages using the U.S. Postal Service for final delivery to residences.
FedEx Freight, together with FedEx National LTL, is a leading regional and long-haul less-thantruckload (LTL) carrier and the market leader in providing next-day and second-day regional LTL
freight services. FedEx Freight segment financial results also include Caribbean Transportation
Services and FedEx Custom Critical, North America’s largest time-specific, critical shipment
carrier.
FedEx Services has overall responsibility for FedEx sales, marketing and customer-facing
information technology. FedEx Services segment financial results include FedEx Office, a leading
provider of document solutions and business services, FedEx Customer Information Services,
which is responsible for customer service, billings and collections for FedEx Express and FedEx
Ground, and FedEx Global Supply Chain Services, which provides a range of logistics services.
CORPORATE HEADQUARTERS:
942 S. Shady Grove Road
Memphis, TN 38120
COMMON STOCK LISTING:
The New York Stock Exchange
STOCK SYMBOL:
FDX
COMMON SHARES AUTHORIZED:
800,000,000
COMMON SHARES OUTSTANDING:
311,233,121 (as of August 31, 2008)
STOCKHOLDERS OF RECORD:
18,961 (as of August 31, 2008)
TRANSFER AGENT & REGISTRAR:
Computershare Investor Services
P.O. Box 43069
Providence, RI 02940-3069
(800) 446-2617 or
John Ruocco (312) 499-7033
FISCAL YEAR END:
May 31
ANNUAL MEETING:
September 29, 2008
Q1 FY09 Stat Book / 1
FedEx Corporation
Condensed Consolidated Balance Sheets
FY 2007 – FY 2009
May 31
In millions (except share data)
.
FY 2007
FY 2008
$ 1,569
3,942
338
536
244
6,629
$ 1,539
4,359
435
544
367
7,244
9,593
3,889
4,685
2,561
6,362
27,090
10,165
4,817
5,040
2,754
6,529
29,305
Aug. 31,
2008
ASSETS
Current Assets
Cash and cash equivalents
Receivables, less allowances
Spare parts, supplies and fuel, less allowances
Deferred income taxes
Prepaid expenses and other
Total current assets
Property and Equipment, at Cost
Aircraft and related equipment
Package handling and GSE
Computer and electronic equipment
Vehicles
Facilities and other
Less accumulated depreciation and amort.
$ 1,573
7,174
14,454
15,827
Net property and equipment
12,636
13,478
Other Long-Term Assets
Goodwill
Pension assets
Intangible and other assets
Total other long-term assets
3,497
–
1,238
4,735
3,165
827
919
4,911
5,436
$ 24,000
$ 25,633
$ 26,143
Current Liabilities
Current portion of long-term debt
Accrued salaries and employee benefits
Accounts payable
Accrued expenses
Total current liabilities
$ 639
1,354
2,016
1,419
5,428
$ 502
1,118
2,195
1,553
5,368
$ 1,001
Long-Term Debt, Less Current Portion
2,007
1,506
1,007
Other Long-Term Liabilities
Deferred income taxes
Pension, postretirement health and other benefit obligations
Self-insurance accruals
Deferred lease obligations
Deferred gains, principally related to aircraft transactions
Other liabilities
Total other long-term liabilities
897
1,164
759
655
343
91
3,909
1,264
989
804
671
315
190
4,233
4,477
31
1,689
11,970
(1,030)
(4)
12,656
31
1,922
13,002
(425)
(4)
14,526
15,140
13,533
LIABILITIES AND STOCKHOLDERS' INVESTMENT
5,519
Commitments and Contingencies
Common Stockholders' Investment
Common stock $0.10 par value; 800 million shares auth.
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Total common stockholders' investment
$ 24,000
Current period financial results are unaudited. Differences may result due to rounding.
2 / Q1 FY09 Stat Book
$ 25,633
$ 26,143
FedEx Corporation
Condensed Consolidated Statements of Cash Flows
FY 2007 – FY 2009
Years ended May 31
In millions
.
OPERATING ACTIVITIES
Net income
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
Provision for uncollectible accounts
Deferred income taxes and other noncash items
Impairment charges 2
Stock-based compensation
Other noncash charges, net
Changes in operating assets and liabilities, net of the effects of businesses acquired:
Receivables
Other current assets
Pension assets and liabilities, net
Accounts payable and other operating liabilities
Other, net
Cash provided by operating activities
FY 2007
FY 2008
Q1 YTD
FY 20091
$ 2,016
$ 1,125
$ 384
1,742
106
37
–
103
1,946
134
124
882
101
492
–
103
(281)
(323)
(85)
(69)
66
(36)
(447)
(237)
(273)
190
(80)
3,557
3,465
698
INVESTING ACTIVITIES
Capital expenditures
Business acquisitions, net of cash acquired
Proceeds from asset dispositions and other
(2,882)
(1,310)
68
(2,947)
(4)
54
(636)
–
15
Cash used in investing activities
(4,124)
(2,897)
(621)
(906)
1,054
115
45
(110)
(5)
(639)
–
108
38
(124)
–
(1)
–
(34)
5
193
(617)
(30)
19
(13)
FINANCING ACTIVITIES
Principal payments on debt
Proceeds from debt issuances
Proceeds from stock issuances
Excess tax benefits on the exercise of stock options
Dividends paid
Other, net
Cash provided by (used in) financing activities
Effect of exchange rate changes on cash
CASH AND CASH EQUIVALENTS
Net (decrease) increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
6
(368)
1,937
$ 1,569
(30)
1,569
$ 1,539
34
1,539
$ 1,573
1 - FY09 year-to-date cash flow information has been included on a condensed basis and therefore certain line items are not presented individually.
2 - FY08 impairment charges of $882 million include noncash impairment charges associated with the decision to minimize the use of the Kinko's
tradename ($515 million) and goodwill resulting from the Kinko's acquisition ($367 million).
Current period financial results are unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
3
FedEx Corporation
Annual Consolidated Statements of Income
FY 2007 – FY 2009
Years ended May 31
In millions, except EPS and FTEs
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment1
Other & eliminations1
Total Revenue
Operating Expenses:
Salaries and employee benefits2
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Impairment charges3
Other
Total Operating Expenses
Operating Income (Loss):
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment1,3
Total Operating Income
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
Income Before Income Taxes
Provision for Income Taxes
Net Income
Basic Earnings Per Share3
Weighted Avg. Common Shares
3
Diluted Earnings Per Share
Avg Common and Common Equiv. Shares
SELECTED STATISTICS
Operating Margin
Pretax Margin
Return on Assets4
Return on Equity4
FedEx Corp. Average FTEs
Dividends Paid Per Common Share
FY 2007
FY 2008
Q1 YTD
FY 2009
$ 22,681
6,043
4,586
2,137
$ 24,421
6,751
4,934
2,138
$ 6,419
1,761
1,353
513
(233)
35,214
(291)
37,953
(76)
9,970
13,740
3,873
2,343
1,742
3,533
1,952
–
4,755
31,938
14,202
4,447
2,441
1,946
4,596
2,068
882
5,296
35,878
3,585
1,207
617
492
1,599
537
–
1,303
9,340
1,991
822
463
–
3,276
1,901
736
329
(891)
2,075
345
196
89
–
630
(53)
(8)
(61)
3,215
(54)
(5)
(59)
2,016
(9)
(3)
(12)
618
1,199
891
234
$ 2,016
$ 1,125
$ 384
$ 6.57
$ 3.64
$ 1.24
307
309
311
$ 6.48
$ 3.60
$ 1.23
311
312
313
9.3%
9.1%
8.6%
16.7%
241,903
$ 0.36
5.5%
5.3%
4.5%
8.3%
254,142
$ 0.40
6.3%
6.2%
4.1%
7.2%
251,826
$ 0.11
1 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is
now part of the new FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the
transportation segments it supports. FY07 amounts were revised to conform to the current segment presentation.
2 - Results for FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor
contract at FedEx Express.
3 - FedEx Services segment FY08 operating expenses included a charge of approximately $891 million ($696 million, net of tax, or $2.23 per
diluted share), predominantly related to noncash impairment charges associated with the decision to minimize the use of the Kinko's trade
name and goodwill resulting from the Kinko's acquisition. The charges are included in the results of the FedEx Services segment and were not
allocated to our transportation segments as the charges are unrelated to the core performance of these businesses.
4 - Return on Assets and Return on Equity for the current year-to-date are calculated on a rolling four quarter basis.
Current period financial results are unaudited. Differences may result due to rounding.
4 / Q1 FY09 Stat Book
FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2007 – FY 2008
Years ended May 31
In millions, except EPS and FTEs
FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment 1
Other & eliminations 1
Total Revenue
FY 2007
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
$ 5,640
1,417
1,013
527
(52)
8,545
$ 5,693
1,520
1,225
543
(55)
8,926
$ 5,523
1,523
1,101
508
(63)
8,592
$ 5,825
1,583
1,247
558
(62)
9,151
$ 5,889
1,618
1,233
525
(66)
9,199
$ 6,037
1,698
1,236
550
(70)
9,451
$ 6,129
1,720
1,155
511
(78)
9,437
$ 6,366
1,715
1,310
552
(77)
9,866
3,285
896
570
399
941
515
–
1,155
7,761
3,526
996
584
430
860
492
–
1,199
8,087
3,414
1,009
598
449
829
484
–
1,168
7,951
3,515
972
591
464
903
461
–
1,233
8,139
3,483
1,025
593
473
964
544
–
1,303
8,385
3,510
1,136
611
482
1,060
519
–
1,350
8,668
3,593
1,128
615
492
1,180
479
–
1,309
8,796
3,616
1,158
622
499
1,392
526
882
1,334
10,029
Operating Income (Loss):
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment 1,3
Total Operating Income
475
159
150
–
784
508
193
138
–
839
395
196
50
–
641
613
274
125
–
1,012
519
190
105
–
814
531
173
79
–
783
425
170
46
–
641
426
203
99
(891)
(163)
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
(9)
(5)
(14)
(17)
1
(16)
(11)
(1)
(12)
(16)
(3)
(19)
(25)
(2)
(27)
(15)
–
(15)
(10)
(3)
(13)
(4)
–
(4)
Operating Expenses:
Salaries and employee benefits 2
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Impairment charges 3
Other
Total Operating Expenses
Income Before Income Taxes
770
823
629
993
787
768
628
Provision for Income Taxes
295
312
209
383
293
289
235
Net Income
$ 475
$ 511
$ 420
$ 610
$ 494
$ 479
$ 393
($241)
Basic Earnings Per Share 3
$ 1.55
$ 1.67
$ 1.37
$ 1.98
$ 1.60
$ 1.55
$ 1.27
($0.78)
306
307
307
308
308
309
309
$ 1.53
$ 1.64
$ 1.35
$ 1.96
$ 1.58
$ 1.54
$ 1.26
310
311
311
311
312
312
312
9.2%
9.0%
9.4%
9.2%
7.5%
7.3%
11.1%
10.9%
8.8%
8.6%
8.3%
8.1%
6.8%
6.7%
229,943
243,286
244,763
248,443
250,678
256,038
256,252
253,636
$ 0.09
$ 0.09
$ 0.09
$ 0.09
$ 0.10
$ 0.10
$ 0.10
$ 0.10
Weighted Avg. Common Shares
Diluted Earnings Per Share 3
Avg Common and Common Equiv. Shares
(167)
74
310
($0.78)
310
SELECTED STATISTICS
Operating Margin
Pretax Margin
FedEx Corp. Average FTEs
Dividends Paid Per Common Share
(1.7%)
(1.7%)
1 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is now part of the new FedEx Services reportable
segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY07 amounts were revised to conform to the current segment
presentation.
2 - Results for second quarter fiscal 2007 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract at FedEx Express.
3 - FedEx Services segment operating expenses included a charge of approximately $891 million ($696 million, net of tax, or $2.22 per diluted share), predominantly related to noncash
impairment charges associated with the decision to minimize the use of the Kinko's trade name and goodwill resulting from the Kinko's acquisition. The charges are included in the results of
the FedEx Services segment and were not allocated to our transportation segments as the charges are unrelated to the core performance of these businesses.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
5
FedEx Corporation
Quarterly Consolidated Statements of Income
FY 2009 – FY 2010
Years ended May 31
In millions, except EPS and FTEs
FIRST
QUARTER
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Other & eliminations
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Other
Total Operating Expenses
$ 6,419
1,761
1,353
513
(76)
9,970
3,585
1,207
617
492
1,599
537
1,303
9,340
Operating Income:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment
Total Operating Income
345
196
89
–
630
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
(9)
(3)
(12)
Income Before Income Taxes
618
Provision for Income Taxes
234
Net Income
$ 384
Basic Earnings Per Share
$ 1.24
Weighted Avg. Common Shares
Diluted Earnings Per Share
Avg Common and Common Equiv. Shares
311
$ 1.23
313
SELECTED STATISTICS
Operating Margin
Pretax Margin
FedEx Corp. Average FTEs
Dividends Paid Per Common Share
Unaudited. Differences may result due to rounding.
6 / Q1 FY09 Stat Book
6.3%
6.2%
251,826
$ 0.11
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FedEx Corporation
Capital Spending
FY 2007 – FY 2009
Years ended May 31
In millions
FY 2007
FY 2008
Q1 YTD
FY 2009
By Asset Type
Aircraft and Related Equipment
Facilities and Sort Equipment
Vehicles
Information Technology Investments
Other Equipment
Total
$ 1,107
674
445
431
225
$ 2,882
$ 998
900
404
366
279
$ 2,947
$ 240
153
133
67
43
$ 636
By Segment
FedEx Express segment
FedEx Ground segment
FedEx Freight segment
FedEx Services segment1
Other
Total
$ 1,672
489
287
432
2
$ 2,882
$ 1,716
509
266
455
1
$ 2,947
$ 333
134
100
69
–
$ 636
1 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is
now part of the new FedEx Services reportable segment. FY07 amounts were revised to conform to the current segment presentation.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
7
FedEx Express Segment
Annual Consolidated Statements of Income
FY 2007 – FY 2009
Years ended May 31
In millions, except FTEs
FY 2007
FY 2008
Q1 YTD
FY 2009
$ 6,485
1,990
8,475
2,883
11,358
6,722
369
18,449
$ 6,578
2,012
8,590
2,995
11,585
7,666
663
19,914
$ 1,711
525
2,236
762
2,998
2,044
170
5,212
2,412
1,044
395
3,851
2,398
1,243
406
4,047
598
340
131
1,069
381
460
138
22,681
24,421
6,419
8,234
1,098
1,610
856
2,946
1,444
2,046
2,456
20,690
8,451
1,208
1,673
944
3,785
1,512
2,134
2,813
22,520
2,129
336
417
239
1,319
394
533
707
6,074
$ 1,991
$ 1,901
$ 345
8.8%
7.8%
5.4%
124,164
131,242
129,723
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Package Revenue
1
International Priority
International Domestic 2
Total Package Revenue
Freight Revenue:
U.S.
1
International Priority
International Airfreight 1
Total Freight Revenue
Other Revenue3
Total Revenue
Operating Expenses:
Salaries and employee benefits 4
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges5
Other
Operating Income
SELECTED STATISTICS
Operating Margin
Average FTEs
1 - In FY07, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority
freight shipments to International Priority Freight to more precisely present the nature of the services provided. We have reclassified the amounts for FY07 to
include these revenues within our Freight revenues.
2 - International Domestic shipments are shipments where the origin and destination are both within the same non-U.S. country, including the United Kingdom,
Canada, India and China.
3 - Other revenue includes FedEx Trade Networks.
4 - Results for FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract.
5 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is now part of the
new FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY07
amounts were revised to conform to the current segment presentation.
Current period financial results are unaudited. Differences may result due to rounding.
8 / Q1 FY Stat Book
FedEx Express Segment
Quarterly Consolidated Statements of Income
FY 2007 – FY 2008
Years ended May 31
In millions, except FTEs
FIRST
QUARTER
FY 2007
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority1
International Domestic2
Total Package Revenue
$ 1,654
511
2,165
705
2,870
1,665
52
4,587
$ 1,634
489
2,123
716
2,839
1,696
56
4,591
$ 1,573
476
2,049
740
2,789
1,597
114
4,500
$ 1,624
514
2,138
722
2,860
1,764
147
4,771
$ 1,615
512
2,127
711
2,838
1,820
156
4,814
$ 1,616
480
2,096
730
2,826
1,911
173
4,910
$ 1,652
496
2,148
799
2,947
1,889
163
4,999
$ 1,695
524
2,219
755
2,974
2,046
171
5,191
607
249
104
960
624
271
106
1,001
586
251
91
928
595
273
94
962
593
292
94
979
604
312
96
1,012
614
309
96
1,019
587
330
120
1,037
Freight Revenue:
U.S.
International Priority1
International Airfreight1
Total Freight Revenue
Other Revenue3
Total Revenue
Operating Expenses:
4
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges5
Other
Operating Income
93
101
95
92
96
115
111
138
5,640
5,693
5,523
5,825
5,889
6,037
6,129
6,366
2,002
263
398
205
798
398
502
599
5,165
2,116
269
392
208
716
365
520
599
5,185
2,043
300
411
216
691
357
499
611
5,128
2,073
266
409
227
741
324
525
647
5,212
2,060
280
411
230
800
402
515
672
5,370
2,059
299
417
234
872
376
536
713
5,506
2,154
302
421
240
980
346
555
706
5,704
2,178
327
424
240
1,133
388
528
722
5,940
$ 475
$ 508
$ 395
$ 613
$ 519
$ 531
$ 425
$ 426
8.4%
8.9%
7.2%
10.5%
8.8%
8.8%
6.9%
6.7%
121,119
121,075
124,745
129,689
131,013
131,031
132,254
130,672
SELECTED STATISTICS
Operating Margin
Average FTEs
1 - In FY07, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to
International Priority Freight to more precisely present the nature of the services provided. We have reclassified the amounts for FY07 to include these revenues within our Freight
revenues.
2 - International Domestic shipments are shipments where the origin and destination are both within the same non-U.S. country, including the United Kingdom, Canada, India and China.
3 - Other revenue includes FedEx Trade Networks.
4 - Results for FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract.
5 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is now part of the new FedEx Services
reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY07 amounts were revised to conform to the current
segment presentation.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
9
FedEx Express Segment
Quarterly Consolidated Statements of Income
FY 2009 – FY 2010
Years ended May 31
In millions, except FTEs
FIRST
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Packages
International Priority
International Domestic
Total Package Revenue
$ 1,711
525
2,236
762
2,998
2,044
170
5,212
Freight Revenue:
U.S.
International Priority
International Airfreight
Total Freight Revenue
Other Revenue1
Total Revenue
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other
Operating Income
598
340
131
1,069
138
6,419
2,129
336
417
239
1,319
394
533
707
6,074
$ 345
SELECTED STATISTICS
Operating Margin
Average FTEs
1 - Other revenue includes FedEx Trade Networks.
Unaudited. Differences may result due to rounding.
10 / Q1 FY09 Stat Book
5.4%
129,723
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FedEx Express
Annual Shipment Statistics
FY 2007 – FY 2009
Q1 YTD
FY 2009
FY 2007
FY 2008
1,174
706
1,880
898
2,778
487
135
3,400
1,151
677
1,828
895
2,723
517
296
3,536
1,103
629
1,732
828
2,560
495
307
3,362
9,569
1,878
1,831
13,278
8,648
2,220
1,817
12,685
7,296
2,312
1,866
11,474
$ 21.66
11.06
17.68
12.59
16.04
54.13
10.77
$ 21.28
$ 22.40
11.66
18.42
13.12
16.68
58.11
8.80
$ 22.08
$ 24.24
13.04
20.17
14.38
18.30
64.54
8.63
$ 24.23
$ 0.99
2.18
0.84
$ 1.14
$ 1.09
2.20
0.88
$ 1.25
$ 1.28
2.30
1.10
$ 1.46
U.S. Overnight Box (FO, EHB, POB, SOB)
U.S. Overnight Envelope (EHE, POE, SOE)
Total U.S. Overnight (FO, EH, PO, SO)
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Package Volume Growth
Revenue Growth:
(2.4%)
(1.0%)
(1.9%)
(0.3%)
(1.4%)
4.5%
N/A
3.6%
(2.0%)
(4.1%)
(2.8%)
(0.3%)
(2.0%)
6.2%
119.3%
4.0%
(3.2%)
(10.0%)
(5.8%)
(4.1%)
(5.2%)
(0.2%)
10.0%
(3.3%)
U.S. Overnight Box (FO, EHB, POB, SOB)
U.S. Overnight Envelope (EHE, POE, SOE)
Total U.S. Overnight (FO, EH, PO, SO)
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
1.0%
0.8%
0.9%
1.1%
1.0%
9.5%
N/A
6.1%
7.3
$ 2.92
255
1.4%
1.1%
1.4%
3.9%
2.0%
14.0%
79.7%
7.9%
7.7
$ 2.87
255
5.9%
2.5%
5.1%
7.2%
5.6%
12.3%
9.0%
8.3%
7.6
$ 3.19
64
AVG DAILY VOLUME / POUNDS
Average Daily Package Volume (000s):
U.S. Overnight Box (FO, EHB, POB, SOB)
U.S. Overnight Envelope (EHE, POE, SOE)
Total U.S. Overnight (FO, EH, PO, SO)
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Avg Daily Packages
Average Daily Freight Pounds (000s):
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF) 1
International Airfreight (IXF/ATA) 1
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box (FO, EHB, POB, SOB)
U.S. Overnight Envelope (EHE, POE, SOE)
Total U.S. Overnight (FO, EH, PO, SO)
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Composite Package Yield
Revenue Per Freight Pound:
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF) 1
International Airfreight (IXF/ATA) 1
Total Composite Freight Yield
PACKAGE GROWTH RATES
Average Daily Volume Growth:
1 - In FY07, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international
priority freight shipments to International Priority Freight to more precisely present the nature of the services provided. We have reclassified the
amounts for FY07 to include these revenues within our Freight revenues.
2 - International Domestic shipments are shipments where the origin and destination are both within the same non-U.S. country, including the United
Kingdom, Canada, India and China.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
11
FedEx Express
Quarterly Shipment Statistics
FY 2007 – FY 2008
FY 2007
FY 2008
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Avg Daily Packages
1,166
703
1,869
855
2,724
466
44
3,234
1,183
700
1,883
895
2,778
501
49
3,328
1,191
699
1,890
965
2,855
490
161
3,506
1,157
719
1,876
880
2,756
491
284
3,531
1,139
699
1,838
863
2,701
496
279
3,476
1,163
677
1,840
902
2,742
535
310
3,587
1,165
659
1,824
966
2,790
518
295
3,603
1,140
672
1,812
851
2,663
520
298
3,481
9,374
1,775
1,899
13,048
9,917
1,980
1,946
13,843
9,785
1,845
1,715
13,345
9,220
1,912
1,764
12,896
8,843
2,025
1,752
12,620
8,915
2,279
1,827
13,021
8,967
2,234
1,739
12,940
7,873
2,347
1,950
12,170
$ 21.83
11.19
17.83
12.69
16.21
54.97
18.33
$ 21.83
$ 21.92
11.06
17.88
12.70
16.21
53.72
18.41
$ 21.90
$ 21.29
11.01
17.49
12.37
15.76
52.52
11.40
$ 20.70
$ 21.58
10.99
17.53
12.62
15.96
55.29
7.99
$ 20.79
$ 21.83
11.26
17.81
12.67
16.17
56.42
8.59
$ 21.31
$ 22.06
11.27
18.09
12.84
16.36
56.63
8.90
$ 21.73
$ 22.51
11.93
18.69
13.14
16.77
57.85
8.77
$ 22.02
$ 23.22
12.20
19.13
13.86
17.45
61.51
8.92
$ 23.30
$ 1.00
2.16
0.84
$ 1.13
$ 1.00
2.18
0.86
$ 1.15
$ 0.97
2.20
0.85
$ 1.12
$ 0.99
2.20
0.82
$ 1.15
$ 1.03
2.22
0.83
$ 1.19
$ 1.08
2.17
0.83
$ 1.23
$ 1.09
2.19
0.89
$ 1.25
$ 1.17
2.20
0.96
$ 1.33
(1.2%)
(1.1%)
(1.2%)
(4.7%)
(2.3%)
5.7%
N/A
0.2%
(2.3%)
(0.3%)
(1.6%)
1.0%
(0.8%)
5.5%
N/A
1.6%
(2.8%)
(1.7%)
(2.4%)
–
(1.6%)
3.4%
N/A
3.9%
(3.3%)
(1.0%)
(2.4%)
2.6%
(0.9%)
3.4%
N/A
8.5%
(2.3%)
(0.6%)
(1.7%)
0.9%
(0.8%)
6.4%
N/A
7.5%
(1.7%)
(3.3%)
(2.3%)
0.8%
(1.3%)
6.8%
N/A
7.8%
(2.2%)
(5.7%)
(3.5%)
0.1%
(2.3%)
5.7%
N/A
2.8%
(1.5%)
(6.5%)
(3.4%)
(3.3%)
(3.4%)
5.9%
4.9%
(1.4%)
6.0%
4.5%
5.7%
2.6%
4.9%
14.1%
N/A
9.3%
1.8%
1.9%
1.8%
2.1%
1.9%
9.9%
N/A
6.1%
(1.5%)
(2.1%)
(1.6%)
(1.3%)
(1.6%)
7.3%
N/A
4.1%
(2.2%)
(1.0%)
(1.9%)
1.0%
(1.2%)
7.0%
N/A
5.0%
(2.4%)
0.2%
(1.8%)
0.9%
(1.1%)
9.3%
N/A
4.9%
(1.1%)
(1.8%)
(1.3%)
2.0%
(0.5%)
12.7%
N/A
6.9%
5.0%
4.2%
4.8%
8.0%
5.7%
18.3%
N/A
11.1%
4.4%
1.9%
3.8%
4.6%
4.0%
16.0%
16.3%
8.8%
Avg. Daily Freight Pounds (000s):
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF) 1
International Airfreight (IXF/ATA) 1
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic2
Total Composite Package Yield
Revenue Per Freight Pound:
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF) 1
International Airfreight (IXF/ATA) 1
Total Composite Freight Yield
PACKAGE GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE) 1
International Domestic 2
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
7.1
7.3
7.4
7.5
7.6
7.9
7.6
7.6
$ 3.07
$ 3.02
$ 2.80
$ 2.77
$ 2.80
$ 2.75
$ 2.90
$ 3.07
65
63
62
65
65
63
63
64
1 - In FY07, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight
shipments to International Priority Freight to more precisely present the nature of the services provided. We have reclassified the amounts for FY07 to include these
revenues within our Freight revenues.
2 - International Domestic shipments are shipments where the origin and destination are both within the same non-U.S. country, including the United Kingdom, Canada, India
and China.
Unaudited. Differences may result due to rounding.
12 / Q1 FY09 Stat Book
FedEx Express
Quarterly Shipment Statistics
FY 2009 - FY2010
FY 2009
FY 2010
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
AVG. DAILY VOLUME / POUNDS
Avg. Daily Package Volume (000s):
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE)
International Domestic
Total Avg Daily Packages
1,103
629
1,732
828
2,560
495
307
3,362
Avg. Daily Freight Pounds (000s):
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Avg Daily Freight Pounds
7,296
2,312
1,866
11,474
YIELD
Revenue Per Package:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE)
International Domestic
Total Composite Package Yield
$ 24.24
13.04
20.17
14.38
18.30
64.54
8.63
$ 24.23
Revenue Per Freight Pound:
U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF)
International Airfreight (IXF/ATA)
Total Composite Freight Yield
$ 1.28
2.30
1.10
$ 1.46
PACKAGE GROWTH RATES
Average Daily Volume Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE)
International Domestic
Total Package Volume Growth
Revenue Growth:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP,IE)
International Domestic
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
(3.2%)
(10.0%)
(5.8%)
(4.1%)
(5.2%)
(0.2%)
10.0%
(3.3%)
5.9%
2.5%
5.1%
7.2%
5.6%
12.3%
9.0%
8.3%
7.6
$ 3.19
64
63
63
64
65
63
62
65
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
13
FedEx Express
Aircraft and Vehicle Fleet Statistics
FY 2006 – FY 2014
Aircraft Type
Max. Operational
Revenue Payload
(Lbs/Aircraft)1
As of
May 31
Aug. 31 To Be Delivered (Retired) in FY
2006 2007 2008
2008 2009 2010 2011 2012 2013 2014
Boeing 727-100
27,700
13
1
–
–
–
–
–
–
–
–
Boeing 727-200
38,000
94
94
90
85
(5)
(10)
(13)
(18)
(13)
(6)
Boeing 757-200 2
45,800
–
4
12
16
12
7
5
2
–
–
Boeing DC10-10 3
113,100
25
13
5
4
(4)
–
–
–
–
–
Boeing DC10-30 4
114,200
14
13
10
10
(3)
(2)
–
(1)
(2)
(2)
Boeing MD10-10
113,100
41
50
58
59
4
–
–
–
–
–
Boeing MD10-30
114,200
6
7
10
10
3
–
–
–
–
(1)
Boeing MD11
164,200
58
58
58
58
1
1
–
–
–
–
Boeing 777F
172,800
–
–
–
–
–
4
10
1
–
–
Airbus A300-600 5
85,600
53
60
68
68
3
–
–
–
–
–
Airbus A310-200/300
61,900
65
66
66
66
–
(10)
(3)
(3)
–
–
Cessna 208A
1,900
10
10
10
10
–
–
–
–
–
–
Cessna 208B
2,500
243
243
243
242
–
–
–
–
–
–
Fokker F-27
9,850
9
8
5
4
(1)
(2)
(1)
–
–
–
ATR-72
14,660
11
13
13
13
–
–
–
–
–
–
ATR-42
10,880
29
29
29
27
–
–
–
–
–
–
671
669
677
672
10
(12)
(2)
(19)
(15)
(9)
Long-Haul Tractors
All Other Motorized Vehicles
2.8
39.8
2.7
40.9
2.7
41.6
2.7
41.2
Vehicle Fleet Total
42.6
43.6
44.3
43.9
Aircraft Fleet Total
Vehicle Fleet (000s)
NOTE: Aircraft fleet delivery schedule is subject to change.
1 - Maximum Operational Revenue Payload (MORP) is the lesser of the net volume-limited payload and the net maximum structural payload.
2 - August 31, 2008 757 count includes 14 aircraft that are not currently in operation but awaiting modification.
3 - August 31, 2008 DC10-10 count includes 2 aircraft that are not currently in operation but awaiting completion of modification. Retirements
and deliveries represent aircraft that will be converted to an MD10 configuration.
4 - August 31, 2008 DC10-30 count includes 1 aircraft that are not currently in operation but awaiting completion of modification. Retirements
and deliveries represent aircraft that will be converted to an MD10 configuration.
5 - August 31, 2008 A300 count includes 2 aircraft that are not currently in operation but awaiting modification.
14 / Q1 FY09 Stat Book
FedEx Express
Jet Fuel Statistics
FY 2007 – FY 2009
FIRST
QUARTER
Jet Fuel Gallons (000s)
Price Per Gallon
Jet Fuel Expense ($000s)
FY 2007
SECOND
THIRD
QUARTER QUARTER
309,348
312,274
311,345
FOURTH
QUARTER
FIRST
QUARTER
311,503
310,794
FY 2008
SECOND
THIRD
QUARTER QUARTER
306,283
$ 2.318
$ 2.072
$ 1.980
$ 2.115
$ 2.295
$ 2.559
$ 717,150
$ 646,913
$ 616,323
$ 658,788
$ 713,393
$ 783,874
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
Jet Fuel Gallons (000s)
294,734
Price Per Gallon
$ 4.058
FOURTH
QUARTER
308,662
301,551
$ 2.852
$ 3.377
$ 880,199 $ 1,018,220
Jet Fuel Expense ($000s) $ 1,196,114
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
15
FedEx Ground Segment
Annual Consolidated Statements of Income
FY 2007 – FY 2009
Years ended May 31
In millions
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges1
Other
Operating Income
FY 2007
FY 2008
Q1 YTD
FY 2009
$ 6,043
$ 6,751
$ 1,761
1,006
2,326
166
268
117
134
569
635
5,221
1,073
2,691
189
305
201
145
658
753
6,015
267
699
51
80
74
37
178
179
1,565
$ 822
$ 736
$ 196
13.6%
10.9%
11.1%
SELECTED STATISTICS
Operating Margin
1 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx
Office is now part of the new FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to
the transportation segments it supports. FY07 amounts were revised to conform to the current segment presentation.
Unaudited. Differences may result due to rounding.
16 / Q1 FY09 Stat Book
FedEx Ground Segment
Quarterly Consolidated Statements of Income
FY 2007 – FY 2008
Years ended May 31
In millions
FIRST
QUARTER
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges 1
Other
Operating Income
FY 2007
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
$ 1,417
$ 1,520
$ 1,523
$ 1,583
$ 1,618
$ 1,698
$ 1,720
$ 1,715
241
553
36
61
31
31
134
171
1,258
256
592
44
65
28
32
145
165
1,327
251
597
45
71
26
35
141
161
1,327
258
584
41
71
32
36
149
138
1,309
260
620
43
73
34
34
159
205
1,428
272
697
50
77
46
38
165
180
1,525
272
699
49
77
51
36
172
194
1,550
269
675
47
78
70
37
162
174
1,512
$ 159
$ 193
$ 196
$ 274
$ 190
$ 173
$ 170
$ 203
11.2%
12.7%
12.9%
17.3%
11.7%
10.2%
9.9%
11.8%
SELECTED STATISTICS
Operating Margin
1 - In FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is now part of the new FedEx Services
reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY07 amounts were revised to conform to the
current segment presentation.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
17
FedEx Ground Segment
Quarterly Consolidated Statements of Income
FY 2009 – FY 2010
Years ended May 31
In millions
FIRST
QUARTER
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other
Operating Income
$ 1,761
267
699
51
80
74
37
178
179
1,565
$ 196
SELECTED STATISTICS
Operating Margin
Unaudited. Differences may result due to rounding.
18 / Q1 FY09 Stat Book
11.1%
FY 2009
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER
QUARTER
FOURTH
QUARTER
FedEx Ground Segment
Annual Shipment Statistics
FY 2007 – FY 2009
Q1 YTD
FY 2007 FY 2008 FY 2009
FedEx Ground
Total Package Volume (000s)
Average Daily Package Volume (000s)
Yield (Revenue Per Package)
Average Daily YOY Volume Growth Rate
OPERATING WEEKDAYS
FedEx SmartPost
Total Package Volume (000s)
Average Daily Package Volume (000s)
Yield (Revenue Per Package)
797,130
3,126
$ 7.21
858,101
3,365
$ 7.48
213,676
3,339
$ 7.86
11.0%
7.6%
4.0%
255
255
64
151,547
599
$ 1.88
156,958
618
$ 2.09
37,387
584
$ 2.14
Average Daily YOY Volume Growth Rate
N/A
3.2%
9.2%
OPERATING WEEKDAYS
253
254
64
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
19
FedEx Ground Segment
Quarterly Shipment Statistics
FY 2007 – FY 2010
FY 2007
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
Avg. Daily YOY Pkg. Growth Rate
190,190
2,926
$ 7.13
13.1%
14.0%
199,392
3,216
$ 7.26
203,320
3,128
$ 7.43
8.1%
9.7%
8.1%
7.1%
5.7%
65
65
63
63
64
33,540
516
$ 1.75
41,391
657
$ 1.95
38,820
647
$ 1.92
37,895
583
$ 1.90
34,775
535
$ 2.01
43,008
672
$ 2.12
43,127
707
$ 2.11
36,029
563
$ 2.11
N/A
N/A
OPERATING WEEKDAYS
65
63
60
65
FY 2009
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
65
2.3%
9.3%
64
61
(3.5%)
64
FY 2010
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
4.0%
64
63
63
64
65
63
62
65
63
61
64
65
63
62
65
37,387
584
$ 2.14
9.2%
OPERATING WEEKDAYS
Unaudited. Differences may result due to rounding.
20 / Q1 FY09 Stat Book
3.7%
213,676
3,339
$ 7.86
OPERATING WEEKDAYS
Avg. Daily YOY Pkg. Growth Rate
211,527
3,305
$ 7.74
62
N/A
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
217,035
3,445
$ 7.50
9.2%
N/A
Avg. Daily YOY Pkg. Growth Rate
220,815
3,505
$ 7.27
63
Avg. Daily YOY Pkg. Growth Rate
FedEx Ground
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
208,715
3,211
$ 7.41
65
OPERATING WEEKDAYS
FedEx SmartPost
Total Package Volume (000s)
Avg. Daily Package Vol. (000s)
Yield (Revenue Per Package)
204,246
3,242
$ 7.04
FY 2008
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
64
FedEx Freight Segment
Annual Consolidated Statements of Income
FY 2007 – FY 2009
Years ended May 31
In millions
FY 20071
Revenues
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other
Operating Income
FY 2008
Q1 YTD
FY 2009
$ 4,586
$ 4,934
$ 1,353
2,250
465
112
195
468
165
61
407
4,123
2,381
582
119
227
608
175
81
432
4,605
614
180
33
54
206
43
22
112
1,264
$ 463
$ 329
$ 89
10.1%
6.7%
6.6%
SELECTED STATISTICS
Operating Margin
1 - The results of operations of FedEx National LTL are included in FedEx Freight segment results from the date of its acquisition on September
3, 2006.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
21
FedEx Freight Segment
Quarterly Consolidated Statements of Income
FY 2007 – FY 2008
Years ended May 31
In millions
FIRST
QUARTER
Revenues
FY 2007
SECOND
THIRD
1
1
QUARTER QUARTER
FOURTH
1
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$ 1,013
$ 1,225
$ 1,101
$ 1,247
$ 1,233
$ 1,236
$ 1,155
$ 1,310
484
83
23
31
112
32
14
84
863
592
140
30
52
116
45
16
96
1,087
569
117
30
55
111
42
15
112
1,051
605
125
29
57
129
46
16
115
1,122
595
130
28
57
130
47
21
120
1,128
607
147
29
58
141
45
20
110
1,157
582
139
30
56
148
39
20
95
1,109
597
166
32
56
189
44
20
107
1,211
$ 150
$ 138
$ 50
$ 125
$ 105
$ 79
$ 46
$ 99
14.8%
11.3%
4.5%
10.0%
8.5%
6.4%
4.0%
7.6%
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other
Operating Income
SELECTED STATISTICS
Operating Margin
1 - The results of operations of FedEx National LTL are included in FedEx Freight segment results from the date of its acquisition on September 3, 2006.
Unaudited. Differences may result due to rounding.
22 / Q1 FY09 Stat Book
FedEx Freight Segment
Quarterly Consolidated Statements of Income
FY 2009 – FY 2010
Years ended May 31
In millions
FIRST
QUARTER
Revenues
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$ 1,353
Operating Expenses:
Salaries and employee benefits
Purchased transportation
Rentals and landing fees
Depreciation and amortization
Fuel
Maintenance and repairs
Intercompany charges
Other
Operating Income
614
180
33
54
206
43
22
112
1,264
$ 89
SELECTED STATISTICS
Operating Margin
6.6%
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
23
FedEx Freight
Annual LTL Shipment Statistics
FY 2007 – FY 2009
FY 20071
Shipments Per Day
Weight Per Shipment
LTL Yield (Revenue Per Hundredweight)
Avg. Daily Shipment Growth Rate
OPERATING WEEKDAYS
FY 2008
Q1 YTD
FY 2009
78,236
79,706
1,130
1,136
82,735
1,140
$ 18.65
$ 19.65
$ 20.44
17.2%
1.9%
4.3%
254
253
64
1 - The results of operations of FedEx National LTL are included in FedEx Freight segment results from the date of its acquisition on September 3, 2006.
Unaudited. Differences may result due to rounding.
24 / Q1 FY09 Stat Book
FedEx Freight
Quarterly LTL Shipment Statistics
FY 2007 – FY 2010
FY 2007
FIRST
SECOND
THIRD
FOURTH
1
1
1
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Weight Per Shipment
LTL Yield (Revenue Per Hundredweight)
Avg. Daily Shipment Growth Rate
OPERATING WEEKDAYS
69,635
86,976
77,096
79,701
79,331
81,928
75,468
1,130
1,127
1,129
1,136
1,131
1,129
1,143
1,142
$ 17.90
$ 18.73
$ 18.68
$ 19.18
$ 19.39
$ 19.56
$ 19.63
$ 19.98
6.6%
27.4%
20.1%
15.2%
13.9%
65
61
62
66
65
FY 2009
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Shipments Per Day
Weight Per Shipment
LTL Yield (Revenue Per Hundredweight)
Avg. Daily Shipment Growth Rate
OPERATING WEEKDAYS
FY 2008
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
(5.8%)
62
(2.1%)
82,038
2.9%
62
64
FY 2010
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
82,735
1,140
$ 20.44
4.3%
64
62
62
64
65
62
61
65
1 - The results of operations of FedEx National LTL are included in FedEx Freight segment results from the date of its acquisition on September 3, 2006.
Unaudited. Differences may result due to rounding.
Q1 FY09 Stat Book /
25