News / Freight and Express divisions the star performers as FedEx gears up for Xmas

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Improving global markets spearheaded a strong quarter for FedEx as the company gears up for what it claims will be a “record holiday shipping season”.

Both operating and net income climbed substantially on the back of a 9.4% upturn in revenues, which reached $16.3bn for the three months to November.

Chief executive Fred Smith praised the “strategic execution” of his team, noting that the company was now “well positioned” for long-term growth.

“We are on track for another record holiday shipping season, and ...