Transportation Industry
FedEx 3Q Net Rises 41% On International Business
Transport Topics, March, 2004 by Malloy, Michael G
FedEx Corp. reported a 41% increase in net income to $207 million for its quarter ended Feb. 29 on revenue of $6.06 billion, and company officials said last week that they saw strong gains particularly in the international businesses of the package delivery giant.
A year ago the company had made $147 million on quarterly revenue of $5.54 billion.
"Our revenue growth reflected a strengthening worldwide economy highlighted by the strong performance of our International Priority service," Chief Financial Officer Alan Graf Jr. said in a March 17 conference call with analysts. "Our outlook is extremely bright for international."
However, domestic business grew by only about 5%, the company indicated.
The Memphis, Tenu., corporation completed its acquisition of...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
