FedEx ends fiscal year strong, posts $1.18 billion annual profit

FedEx reported net income for its fiscal year ended May 31 of $1.18 billion, significantly improved over a $98 million profit in the prior year, despite a 2% dip in revenue to $34.73 billion. Total FY2009-10 expenses lowered 6% to $32.74 billion, helped in part by an 18% decrease in fuel costs to $3...

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