News / FedEx bullish as it rides the e-commerce wave to better-than-expected results

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E-commerce growth and a wide range of services helped FedEx yesterday report buoyant earnings, above analyst expectations.

Fourth-quarter revenue totalled $11.8bn, up from $11.4bn in the previous year, with net income at $730m. Full year revenues were $45.6bn and net income $2.1bn.

The ground segment, which supports online trading, saw an 8% rise in fourth-quarter volumes, and revenue was up 2%. Freight, meanwhile, saw a 12% rise in revenue, as weight grew 2% and demand for the priority service rose 14%.

Henry Maier, ...