Tag: FedEx Corp

FedEx Corp. Net Income Increases 23% in Third Quarter

Posted by | Mar 19, 2003 | |

FedEx Corp. reported the following consolidated results for the third quarter:
Revenue of $5.55 billion, up 10% from $5.02 billion the previous year, operating income of $269 million, up 14% from $237 million a year ago and net income of $147 million, up 23% from last year’s $120 million.
For the third quarter, FedEx Express reported revenue of $4.06 billion, up 8% from last year’s $3.78 billion and operating income of $133 million, down 8% from $145 million a year ago.

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FedEx suspends employee profit sharing

Posted by | May 23, 2001 | |

Employees are finding out exactly what “stringent cost controls” really means at Memphis-based FedEx Corp. as the economy continues to deteriorate its core overnight air express business. For instance, approximately 150,000 employees, including management, of FedEx Corp., the holding company, and its FedEx Express and FedEx Services units have had their profit sharing benefits suspended indefinitely. Profit sharing will not be paid out for the second half of fiscal 2001 as well as for the entire fiscal 2002 unless the company’s business improves significantly, confirmed Shirlee Clark, FedEx spokesman, Monday.

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