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“Thank you, Mike [Lenz, FDX CFO], and good afternoon to everyone on the call. As promised on the June analyst call, I am here to answer any questions specifically for me.”

The succinct words of FedEx chairman and CEO Fred Smith – after a long intro from others, and right before the usual Q&A session – during the conference call between management and analysts last Thursday. In fact, some interesting questions emerged after the release of quarterly numbers that were strong ...

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