• ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,462.460
    -34.260
    -0.2%
  • OTLT.USA
    2.752
    0.009
    0.3%
  • OTRI.USA
    20.670
    -0.440
    -2.1%
  • OTVI.USA
    15,437.200
    -29.190
    -0.2%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

FDX REPORTS 26 PERCENT GROWTH IN PROFIT

FDX REPORTS 26 PERCENT GROWTH IN PROFIT

   FDX Corp., the parent company of Federal Express, reported a 26-percent
increase in net income to $631 million for the fiscal year ending May 31.
   Total sales grew 6 percent to $16.8 billion. FedEx’s domestic revenue
increased 5.2 percent to $10.2 billion for the year. International sales
rose 6.1 percent to $3.8 billion.
   FDX said the earnings increase was due to lower fuel prices,
cost-cutting and improved productivity worldwide. FedEx’s international
business also benefited from improved business in Asia.
   In the fourth quarter, FDX said net income jumped 30 percent
year-over-year to $221 million on a 7-percent increase in revenue to $4.4
billion.
   Operating income at FedEx sister company RPS, which specializes in the
ground delivery of U.S. business-to-business parcels, rose 35 percent to
$231 million for the year on $1.9 billion in revenue, a 9.8 percent
increase.

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