Identifying Economic Insights in FedEx’s Shipping Data

FedEx Computer Science, 2022–23

Liaison(s): Sam Shojaei, Bryan Bunker, Clayton Clouse
Advisor(s): Zachary Dodds
Students(s): Justin Jiang (PM), Hannah Kyme, Henry Pick, Jessica Chavez, Nick Grisanti

Because of its broad reach with businesses and individuals, FedEx has long been considered a leading economic indicator. Our team has developed a correlation-based predictive model using FedEx’s logistics data. We first identified a set of signals that hold predictive power with respect to economic target variables. We then combined those features into a single “FedEx Index,” akin to the Dow Jones and S&P 500 indices, providing insight about the state and trends of the overall economy.