Driven by growing revenues on transpacific services, FedEx posted fiscal fourth-quarter net income of $568 million, a 26.8% increase over earnings of $448 million in the year-ago quarter. The FedEx Express airline segment produced operating income of $560 million for the period ended May 31, a 29.9% improvement over $431 million last year. Perhaps more importantly, Express achieved an operating margin of 10%, a figure that long has been a target of FedEx executives. "We're certainly looking ...

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