Transcription of 2020 Annual Report
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2020 Annual Report
2020. Annual Report Building the network for what's next To our shareowners, In last year's letter, I described fiscal year 2019 as a year of challenge and change with more to come in fiscal year 2020, as was certainly the case especially with the emergence of COVID-19. When I discussed confronting challenges and embracing opportunities in last year's letter, I covered three enormously consequential developments for FedEx, which all merit reiterating: >> Trade disputes that began in calendar year 2018 and accelerated in calendar year 2019.
opportunity in the booming e-commerce market, we acted decisively to position FedEx to become the market leader. To that end, we announced in late fiscal year 2019 significant transformation of our e-commerce capabilities at FedEx Ground including: > Extending residential deliveries to seven days per week year-round;
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