FedEx quarterly profits up with high airfreight rates expected for at least next year

Integrator focuses on e-commerce, expands services in Europe

01/07/2019 FedEx Dublin Photo: Johnny Bambury-no reproduction fee

FedEx reported net income of $892 million for its Fiscal Year 2021 third quarter ended Feb. 28, nearly triple its reported net income for the same quarter a year earlier, as growth in e-commerce and high airfreight rates led to substantial increases in both the Express and Ground segments. Airfreight rates have remained elevated with […]

 

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