MEMPHIS, TN: FedEx Corp. which reported net income of US$692 million on revenue of US$12.3 billion for its fiscal 2016 first quarter, has donated US$1 million in cash and transport to deliver supplies and critical medical aid to the thousands of migrants and refugees arriving in Europe.
"FedEx is committed to helping those arriving in Europe to escape conflict, as well as showing our support for the communities who are also affected by this humanitarian crisis," said David Binks, president Europe at FedEx Express. "Working together with NGOs, we are utilizing our global transportation network and resources to deliver immediate assistance where it is needed most and that lays the essential foundations for rebuilding lives."
FedEx has donated US$1 million to the International Federation of Red Cross and Red Crescent Societies appeal for assistance in Italy, Greece, Serbia, Hungary and Macedonia.
The company has also delivered large volumes of hygiene kits on behalf of Heart to Heart International for use by International Medical Corps to provide healthcare to refugees in Greece; carried medical supplies for Direct Relief in Turkey providing shelter for Syrian refugees; and donated funds from FedEx employees to provide "bags to the future" containing toys and other items for the youngest refugees affected by this crisis.
More than 10,000 FedEx employees around the world volunteered nearly 55,000 hours to celebrate the 11th annual FedEx Cares Week in September. The company began the tradition in a handful of U.S. cities in 2005 and has since expanded it to nearly 500 around the world. The FedEx annual giving campaign provides support in the form of "money and muscle" to hundreds of non-profit organizations.
"FedEx Corp. is performing solidly given weaker-than-expected economic conditions, especially in manufacturing and global trade," said Fred Smith FedEx Corp. chairman, president and CEO. "Our profit improvement program is on track and delivering impressive results, and I am very confident FedEx is well positioned to deliver value for shareowners, customers and team members in fiscal 2016 and beyond."
The company announced that FedEx Express, FedEx Ground and FedEx Freight will increase shipping rates by an average of 4.9 percent effective January 04, 2016 and will also increase surcharges for FedEx Ground shipments that exceed the published maximum weight or dimensional limits.