FedEx and UPS add 'China fee' ahead of the end of de minimis
In the final weeks before US de minimis exemption for parcels from China ends, UPS ...
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FedEx has reported a major upswing in profits for the three months to September, net income climbing more than 40%.
Its first-quarter revenue climbed 12% to $17.1bn, generating some $835m in profits, with chairman Fred Smith noting the success was due to “solid execution” of its business plan.
“We delivered high earnings, driven by a solid execution of our business plan and a strong US economy,” Mr Smith told investors.
“We’re very optimistic about prospects for profitable growth and remain confident we’ll improve ...
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