Revenue and net income grows at FedEx

FedEx revenue grew to $15 billion in the third quarter of the 2017 fiscal year, with growth in all business segments while net income was up to $562 million. Revenue was up from $12.7 billion and net income was up from $507 million, despite the operating margin falling to 6.8 per cent to $1 billion […]

FedEx celebrates “historic year of significant accomplishments”

FedEx has reduced its losses in the fourth quarter of 2016 to $70 million as it celebrates “a historic year of significant accomplishments”. The company reduced its losses from $895 million in the same period of 2015, while revenue increased from $12.1 billion to $13 billion. FedEx says results were helped by programme initiatives at […]