...A. Highlights: Seeing strong levels of volume in network given unprecedented levels of shopping and shipping this holiday season. 1. 2. FedEx Ground had an outstanding Cyber Week with 100m packages picked up during first official week of peak. Co.'s ability to handle this influx of packages has been years in the making, as it has taken deliberate steps to enhance unparalleled network to support customers, large and small. a. This includes strategically adding more capacity across network to support growing customer base. i. ii. At FedEx Ground, this means adding 14.4m sq. ft. to network, the equivalent of 300 football fields since June 2021. iii. In 2Q alone, Co. brought online 24 major expansion projects, with nine of them starting operations in Nov., just weeks before peak. iv. While it was important that these facilities were up and running to add to Co.'s capacity in time for peak, experience tells that they will operate with increasing efficiency in the weeks and months ahead. b. Overcoming...
