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FedEx reports volume gains but declines in Express income persist

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Fedex is one of those companies everyone likes to watch. And it has just released its second quarter earnings, which saw operating income fall 8%, as Hurricane Sandy, a weak economy and customers shifting to cheaper services impacted the business. But the e-commerce sector has worked well for it, especially on Cyber Monday, and it has new fleet plans which involve 777 deferrals and 767s orders.

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