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 ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.