FedEx Benefits From Higher Shipping Rates, Fuel Surcharges

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FedEx Corp.’s gross roseate 8% successful its 4th fourth arsenic higher shipping rates and substance surcharges offset a smaller measurement of packages shipped.

The transportation giant’s operating income roseate 6.7% from a twelvemonth earlier to $1.9 billion, led by its Freight and Express units, wherever operating income roseate 67% and 20%, respectively.

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