WASHINGTON–(BUSINESS WIRE)–Today, FedEx Corp. (NYSE: FDX) introduces the new FedEx Trade Index(1),
a series of national surveys commissioned by FedEx and conducted by
Morning Consult. The FedEx Trade Index will periodically survey over
1,000 small business leaders to track the impact of international trade
among the small business segment of the U.S. economy.
The results of the first survey finds a significant majority (71%) of
small businesses see increasing global trade as improving the U.S.
economy. Similarly, more than three out of four small business
executives (77%) view expanding trade in a positive light overall. That
number spikes to 90% for small companies that already trade
internationally. Small business leaders surveyed also agree (69%) that
increasing global trade will create jobs in the United States.
“Even during this time of intense debate about the benefits of trade,
these results indicate American small business leaders see increasing
global trade as a way to help the U.S. economy as a whole, as well as
their businesses,” said Raj Subramaniam, executive vice president, FedEx
Services. “The rapid growth of global ecommerce, which our FedEx
customers experience every day, allows more and more U.S. small
businesses to benefit from international trade.”
Additional insights from the survey include:
Small business leaders engaged in global trade say they are growing
faster and hiring more employees than small businesses who do not
engage in trade. Sixty-five percent of small businesses that trade
say their revenue is increasing versus 46 percent of small businesses
that do not trade. Small businesses that trade are also 20 percent
more likely to say they are hiring more employees.
Small business leaders are more likely to support TPP
(Trans-Pacific Partnership agreement) than registered U.S. voters. Nearly
half (48%) of small business leaders surveyed support TPP, more than
twice the number that said they do not support the agreement. For
those small businesses that engage in trade, that support for TPP
rises to 66%. This contrasts with U.S. registered voters of whom 35%
support TPP, according to a Morning Consult public opinion poll
conducted August 8-10, 2016.
“FedEx is a strong supporter of the TPP agreement because it will help
small businesses in the U.S. expand their exports by eliminating tariffs
and streamlining customs procedures, while at the same time contribute
to new opportunities and jobs for American workers,” added Subramaniam.
The FedEx Trade Index is a national survey of 1004
small business leaders conducted by Morning Consult. Respondents
included business owners and executives at companies with between two
and 500 employees. It was conducted from August 8-22, 2016. The margin
of error for the full sample is +/-3%.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with
a broad portfolio of transportation, e-commerce and business services.
With annual revenues of $58 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 400,000 team members to remain
“absolutely, positively” focused on safety, the highest ethical and
professional standards and the needs of their customers and communities.
To learn more about how FedEx connects people and possibilities around
the world, please visit about.fedex.com.
Sharon Young, 901-871 2919
Regulatory & Public