FedEx benefits from higher shipping rates and fuel surcharges

fedex The turnover of Corp. increased 8% in the fourth quarter as higher shipping rates and fuel surcharges offset a lower volume of packages shipped.

The delivery giant’s operating profit rose 6.7% from a year earlier to $1.9 billion, driven by its Freight and Express units, where operating profit rose by 67% and 20%, respectively.


Wj

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