FedEx Profits Down 3% in Third Quarter on Winter Weather, High Fuel Costs
Global economic improvement allowed FedEx Corp. to pull in 11% more quarterly revenue, but the carrier saw its net income drop by 3%, as it had to battle severe winter weather, soaring fuel costs and $43 million of integration costs at its less-than-truckload unit.
March 21, 2011FedEx’s 3Q Profit Dips 3% to $231 Million
FedEx Corp. said Thursday its fiscal third-quarter net income slipped 3% to $231 million, or 73 cents a share, from $239 million, or 76 cents, a year earlier.
March 17, 2011FedEx Lowers 3Q Forecast Due to Weather, Fuel Costs
Severe winter weather, along with rising fuel prices, are taking a toll on some freight companies, prompting FedEx Corp. to reduce its earnings forecast for its current quarter by 25 cents a share.
February 21, 2011FedEx Trims Earnings Outlook on Higher Fuel, Weather-Related Costs
FedEx Corp. cut its quarterly earnings forecast by 25 cents a share, due to rising fuel prices and winter storms that slowed its operations.
February 15, 2011FedEx Freight to Use Rail Intermodal for First Time, Shifting From Trucks
FedEx Freight, the second-largest less-than-truckload carrier in the nation, said it plans to use rail intermodal service for the first time as part of new “economy” freight service, beginning Jan. 31.
January 31, 2011FedEx 2Q Earnings Drop 18%, Reflecting LTL Integration Costs
FedEx Corp.’s earnings fell 18% in the company’s fiscal second quarter to $283 million, reflecting one-time charges that included integration costs at the FedEx Freight less-than-truckload unit.
December 20, 2010FedEx’s 2Q Income Declines on LTL Restructuring Costs
FedEx Corp. said Thursday its second-quarter earnings slipped to $283 million, or 89 cents per share, from $345 million, or $1.10, a year ago, on charges related to the impending restructuring of its less-than-truckload operations.
December 16, 2010FedEx Freight Cuts Transit Times on Canada Routes
FedEx Corp. said Tuesday its FedEx Freight Canada unit has improved transit times on hundreds of cross-border routes between the United States and Canada.
December 7, 2010FedEx to Raise Ground Rates 4.9%
FedEx Corp. said it would raise shipping rates for its Ground and Home Delivery units by a net average of 4.9%, effective Jan. 3.
December 3, 2010FedEx Calls for Tax Credits for Electric Vehicles
FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.
November 15, 2010