Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Earnings Watch: FedEx Quarterly Profit Totals $715 Million

Earnings for trucking and package delivery company FedEx Corp. moved up modestly to $715 million, or $2.65 per share, in its fiscal quarter ending Aug 31 that included the cost of integrating another carrier.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
September 20, 2016
Earnings Watch: FedEx Quarterly Profit Totals $715 Million

 

2 min to read


Earnings for trucking and package delivery company FedEx Corp.(NYSE: FDX) moved up modestly to $715 million, or $2.65 per share, in its fiscal quarter ending Aug 31 that included the cost of integrating another carrier.

This compares to a profit of $692 million, or $2.42 per share, a year earlier, as revenue increased to $14.7 million billion from $12.3 billion.

Ad Loading...

During the quarter, the Tennessee-based company incurred TNT Express integration and restructuring program costs, shaving $68 million off its profits, while also incurring $28 million of intangible asset amortization expense for TNT Express.

In May, FedEx completed its purchase of Europe’s TNT Express for nearly $5 billion expanding its worldwide trucking and logistics offerings.

“The integration of TNT Express is proceeding smoothly,” said Frederick W. Smith, FedEx chairman, president and chief executive officer. “Managing our operating companies as a portfolio of customer solutions helped FedEx achieve strong financial and operating results in the quarter, especially given the global economy’s continued low growth.”

Ad Loading...

In the most recent quarter, FedEx reported operating income increased to $1.26 billion from $1.14 billion in the 2015 quarter. Operating results rose compared to last year due to higher base yields at FedEx Express and FedEx Ground, volume growth at FedEx Ground and ongoing cost efficiencies at FedEx Express, according to the company.

The company’s less-than-truckload operation, FedEx Freight, saw revenue increase 4% to $1.66 billion while operating income moved 2% higher to $135 million.

Revenue increased as LTL average daily shipment growth of 8% more than offset the impact of lower fuel surcharges and weight per shipment FedEx said. Operating results benefited from higher shipment volumes and a favorable rentals comparison, as last year’s results included a charge related to a facility closure. These benefits were offset by lower revenue per LTL shipment.

FedEx also recorded a small hike in revenue for its FedEx Express segment, totaling $6.66 billion while operating income improved 14% to $624 million and package volume increased 1%.

FedEx Ground revenue increased 12% to $4.29 billion while operating income moved 14% higher to $610 million as average daily volume grew 10%, driven by e-commerce and commercial package growth.

Ad Loading...

For all of its 2017 fiscal year FedEx is forecasting earnings of $11.85 to $12.35 per share, up from an earlier expectation of $11.75 to $12.25. This compares to fiscal 2016 results of $6.51 per share and fiscal 2015 earnings of $3.65 per share.

More Fleet Management

ATA economist Bob Costello speaking beside a graph showing truckload operating costs rising as freight revenue per mile declined after 2022.
Fleet Management•by Deborah Lockridge•October 22, 2026

Why This Trucking Recovery Is Different

Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.

Read More →
PS Coach tablet interface showing a driver’s coaching inbox, safety event video and coaching advice for a harsh-braking event.
Fleet Management•by News/Media Release•October 21, 2026

Platform Science Adds Dispatch and Safety Tools

Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.

Read More →
Screen capture showing PrePass Intelligence data on tolls
Fleet Management•by News/Media Release•October 21, 2026

PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data

PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.

Read More →
Ad Loading...
Computer screen showing examples of what fleets could ask Motive AI Agents to do
Fleet Management•by Staff•October 20, 2026

Motive Adds AI Agents for Fleet Operations

New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.

Read More →
Graphic art with a heavy-duty tractor trailer and a work truck with the words "trivia lunch"
Fleet Management•by Lauren Fletcher•October 19, 2026

Can You Beat Our Trucking Trivia Challenge?

Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?

Read More →
Four horizontal and two vertical video screens show different aspects of BeyondTruck's new compatibility engine
Fleet Management•by Deborah Lockridge•October 19, 2026

BeyondTrucks Adds Rules Checks to Dispatch

New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.

Read More →
Ad Loading...
Gloved hand fueling a truck beside a graphic listing ATRI’s top three trucking concerns for 2026: fuel prices, lawsuit abuse reform and CSA.
Fleet Management•by Deborah Lockridge•October 19, 2026

Diesel Prices Hijack Trucking’s Worry List

ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.

Read More →
Illustration showing ladders against a blue background with Heavy Duty Trucking Emerging Leaders logo and the words "2026 nominations now open"
Fleet Management•by Staff•October 16, 2026

Nomination Deadline Extended for HDT Emerging Leaders

Just a few more days to nominate accomplished trucking fleet professionals under 40 who are making an impact and helping lead the industry forward for the HDT Emerging Leaders award. Deadline extended to October 20!

Read More →
Headshot of Mark Colson in front of a truck grille next to an American Trucking Associations logo
Fleet Management•by Deborah Lockridge•October 15, 2026

What Will ATA’s New Leader Bring to Trucking's Table?

Incoming President and CEO Mark Colson’s record in Alabama offers clues about his priorities and approach following Chris Spear’s abrupt departure as the head of the American Trucking Associations.

Read More →
Ad Loading...
Waabi-Volvo autonomous VNL truck.
Fleet Management•by News/Media Release•October 13, 2026

Volvo, Waabi Start Commercial Autonomous Operations in Texas

Volvo VNL Autonomous trucks, powered by the Waabi Driver, are hauling freight directly to third-party facilities for a customer in Texas.

Read More →