FedEx has announced a “strong” set of third-quarter results, primarily due to volume growth in US domestic residential packages and a 41% increase in international priority package volumes, led by Asia and Europe.
But the quarter was mired in poor weather, with operational problems caused by heavy snow in the US, cutting operating income in February by $350m.
Q3 revenues rose year on year from $17.5bn to $21.5bn, while adjusted operating income …
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Source: The Loadstar