Memphis International Airport recorded a modest decline in cargo in November, pointing to a slight slowdown by dominant cargo handler FedEx.

FedEx Corp. net income in the second quarter of its 2016 fiscal year rose 4% to $693 million, or $2.44 per share, including one-time effects, driven by 26% higher profits at Express and 13% better results at its Ground unit.

FedEx Corp. and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued Nov. 24.

FedEx Corp. will hire about 55,000 temporary workers to grapple with an expected 12% increase in shipping this holiday season, bolstered by an extra day of shopping and continued growth of online purchases.

Pilots at FedEx Corp., owner of the world’s biggest cargo airline, approved a six-year contract that provides a signing bonus, annual increases in hourly pay and more options for health-care benefits.

FedEx Corp. net income rose 6% to $692 million, or $2.42 per share, for the fiscal first quarter ended Aug. 31, helped by stronger results at the Express unit and held back by slow-moving U.S. and world economic trends.

FedEx Corp. agreed to buy 50 Boeing Co. 767 freighters with a list value of about $10 billion, the model’s largest-ever order, as it upgrades the fleet at the FedEx Express unit.

In the latest of a series of recent worker-status rulings, a federal appeals court upheld a Kansas Supreme Court decision last year that classified about 500 FedEx Ground drivers as employees rather than independent contractors under that state’s law.

FedEx Corp.’s decision to settle a California driver-status case for $228 million likely will trigger more attacks on the independent contractor model nationwide, experts predicted.