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FedEx sees 2Q net profit drop 12%; orders 767Fs

FedEx reported net income of $438 million for its fiscal second quarter ended Nov. 30, down 12% from a net profit of $497 million in the prior-year period.

Computer rendering of Boeing 767 freighter in FedEx Express livery. Courtesy, Boeing FedEx reported net income of $438 million for its fiscal second quarter ended Nov. 30, down 12% from a net profit of $497 million in the prior-year period. The company also announced an order for four Boeing 767-300 freighters for its FedEx Express unit. It said the aircraft, which bring its total 767-300Fs on order to 50, will help modernize its fleet by replacing aging MD-10Fs. FedEx Express ...

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