New FedEx Trade Index: 7 in 10 Small Businesses Say Trade Will Improve the U.S. Economy
September 22 2016 - 5:00AM
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.
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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.
[1] 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%.
For more:Survey ResultsInfographicBlog – Trade: A Big Deal for
Small Business
About FedEx
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.
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FedEx Corp.Sharon Young, 901-871 2919Regulatory & Public
Affairs Communicationssharon.young@fedex.com
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