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 ...
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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