FedEx reported net income of $511 million for its fiscal second quarter ended Nov. 30, up 8% over earnings of $471 million in the year-ago quarter, on a 10% jump in revenues to $8.93 billion. "Earnings...were better than forecast primarily due to lower-than-expected fuel prices, [strong growth in ground delivery services] and insurance proceeds related to Hurricane Katrina," Executive VP and CFO Alan Graf said. The FedEx Express airline segment registered second-quarter operating income of ...

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