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FedEx sees sluggish numbers, packs up freighters

By Hpanchal on June 28, 2012

Although FedEx’s revenue rose 3.8 percent, year-over-year, in the fourth quarter of fiscal-year 2012, which ended May 31, the U.S.-based integrator saw earnings slide 1.4 percent, year-over-year, to $550 million. Even so, FedEx Ground and FedEx Freight performed particularly well in the fourth quarter, with revenues in those segments surging 9 percent...

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