FedEx Corporation

Good day, everyone, and welcome to the FedEx Corporation third quarter fiscal year 2021 earnings conference call. Today's call is being recorded. At this time, I would like to turn the call over to Mickey Foster, Vice President of Investor Relations for FedEx Corporation. Please go ahead.

Good afternoon, and welcome to FedEx Corporation's third quarter earnings conference call. The third quarter form 10Q, earnings release, stat book, as well as our economic forecast, on our website at fedex.com. This call is being streamed from our website where the replay will be available for about one year. Joining us on the call today are members of the media. During our question and answer session, callers will be limited to one question in order to allow us to accommodate all those who would like to participate. I want to remind all listeners that FedEx Corporation desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act. Certain statements in this conference call, such as projections regarding future performance, may be considered forward-looking statements within meaning of the act. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For additional information on these factors, please refer to our press releases and filings with the SEC. Please refer to the investor relations portion of our website at FedEx.com for a reconciliation of the non-GAAP financial measures discussed on the call to the most directly comparable GAAP measures. Joining us on the call today, Fred Smith, Chairman and CEO, Raj Subramanian, President and COO, Mike Lentz, Executive VP and CFO, Mark Allen, Executive VP, General Counsel and Secretary. Rob Carter, Executive Vice President, FedEx Information Services and CIO. Brie Carreri, Executive Vice President, Chief Marketing Communications Officer. Jill Brannon, Executive Vice President and Chief Sales Officer. Don Collin, President and CEO of FedEx Express. Henry Mayer, President and CEO of FedEx Ground. John Smith, President and CEO-elect of FedEx Ground, and Lance Maul, President and CEO of FedEx Freight. And now Fred Smith will share his views on the quarter.

Thank you, Mickey. First, I want to say how immensely proud I am of our FedEx team members. Since our last earnings call, they've completed an historic peak season. And using the power of our expanded seven-day-a-week FedEx ground operations, our team handled record-breaking volumes throughout the holiday shipping season. They also worked diligently to clear the backlog caused by the recent severe winter weather in the U.S., a 50-year event. They worked night and day to move the backlogs quickly and as safely as possible. This includes the many team members who typically perform other duties and volunteered their time to help. We're sincerely grateful to them and to our customers for their understanding as we navigated the effects of these massive winter storms. Our team members are continuing to move the world forward with the delivery of COVID-19 vaccines related ingredients and supplies throughout the U.S., Canada, and more than 20 other countries around the world. We did a great job on these vaccines during the weather event too. FedEx is prepared to transport now vaccines to more than 220 countries and territories for as long as necessary to help eradicate COVID-19. As part of our responsibility to be good stewards of the planet, earlier this month we announced our bold strategy to achieve carbon neutral operation globally by 2040. To help reach this goal, we focused our strategy in three key areas. Vehicle electrification, which we've been involved in for over a decade, sustainable energy, and carbon sequestration, natural carbon sequestration. In this regard, importantly, our plan includes a pledge to help establish the Yale Center for Natural Carbon Capture. The center will build on the Yale legacy of the school of the environment of world class research and education to develop measurable carbon capture solutions with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions. Findings will be published and shared so that businesses, industries and governments globally can benefit from this work. As reflected in this quarter's results, continued execution of our strategies is producing strong earnings growth and margin improvement across our company. We expect demand for our unmatched e-commerce and international express solutions to remain high for the foreseeable future. I'm exceedingly optimistic about the future of FedEx, and again, very grateful to our team members for their hard work. I'd also like to thank Henry Mayer, President and CEO of FedEx Ground, who is retiring at the end of July after more than 35 years of dedicated service at FedEx. We'll have much more to say about Henry on our next earnings call in June. Let me now ask Raj, Bree, and Mike to provide their comments, after which we will take your questions. Raj?