FedEx Corp. last week reported a lower fiscal first-quarter profit and reduced earnings forecasts, but said its less-than-truckload unit provided a bright spot by more than doubling its results.

FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last year’s comparable quarter, “as weakness in the global economy constrained revenue growth” at its Express division.

FedEx Corp. lowered its earnings forecast for its recently ended fiscal first quarter, saying that weakness in the global economy constrained its revenue growth.

FedEx Corp. has increased its vehicle fuel efficiency by 16.6% from 2005 levels, due in part to the use of all-electric vehicles and hybrid fuel vehicles, the company said Monday.

FedEx Corp. said it completed its acquisition of Brazilian logistics firm Rapidão Cometa Logística e Transportes S.A.

FedEx Corp. said Tuesday it has completed its acquisition of French express-delivery company Tatex, part of its strategy expand its European business.

FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.

FedEx Corp. said Tuesday its fourth-quarter profit slipped to $550 million, or $1.73 per share, from $558 million, or $1.75, a year ago.

FedEx Corp. said it has retired 24 jets to reduce capacity in its U.S. Express division, and will take an $84 million, or 26 cents–per-share, charge in its fiscal fourth quarter that ended May 31.