2015 Annual Report

New aircraft boost efficiency and flexibility.

Modernizing the FedEx Express air fleet is improving margins and adding flexibility to our domestic and international operations. We added 17 new Boeing 767-300 Freighters in FY15 and plan to add 11 more in FY16. The B767F carries roughly the same amount of cargo as the MD10 it replaces and is about 30 percent more fuel efficient, resulting in lower emissions. Unit operating costs are at least 20 percent lower. The aircraft also shares parts, tooling and flight simulators with Boeing 757 aircraft already part of the fleet.

In the last few years, FedEx Express has retired from service and adjusted the retirement schedules of numerous aircraft. This aligns with our plans to adjust our capacity and modernize our aircraft fleet to more effectively meet our customers’ needs.

We’re also modernizing the maintenance processes that keep our air operations safe and reliable. Combining our team members’ knowledge with automated processes for aircraft maintenance, engineering and material management will help us do an even better job serving customers while improving our productivity.