FedEx Corp. concluded its fiscal year ended May 31 with a net profit of $2.02 billion, up 12% from the $1.81 billion earned in the prior 12 months, a result it credited to "strong" volume growth at its FedEx Ground segment and "continued" revenue growth for FedEx Express International Priority products. Chairman, President and CEO Frederick Smith called the profit "solid" and said the company was "restrained by a slowing US economy. The weakened industrial sector is currently limiting demand ...

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