MENU
SEARCHFedEx has reported increased profits and revenue during the first quarter of its fiscal year that ended August 31.
Photo: Evan Lockridge
FedEx has reported increased profits and revenue during the first quarter of its fiscal year that ended August 31.
Net income was $489 million, up 7% from last year's $459 million, while revenue was $11.0 billion, up 2% from $10.8 billion the previous year.
It said the results were “driven by solid performance at each of the company's transportation segments.”
During the quarter the FedEx Freight division reported revenue of $1.42 billion, up 2% from last year's $1.4 billion with operating income of $91 million, up 1% from $90 million a year ago
“Less-than-truckload yield increased 1% due to FedEx Freight Economy and FedEx Freight Priority base yield improvement,” the company said. “LTL weight per shipment grew 1% due to heavier FedEx Freight Priority, while LTL average daily shipments increased 1% due to FedEx Freight Economy.”
The company also announced FedEx Express will increase shipping rates by an average of 3.9% for U.S. domestic, U.S. export and U.S. import services effective January 6. The FedEx Ground and FedEx SmartPost pricing changes for 2014 will be announced later this year. FedEx Freight implemented a 4.5% general rate increase on July 1.
FedEx reaffirmed its forecast of full-year earnings per share growth of 7% to 13% from last year's adjusted results. This outlook assumes the market outlook for fuel prices, U.S. gross domestic product growth of 2.1% and world GDP growth of 2.6%.
Currently the company is in the midst of a more than $1.5 billion cost-cutting program that includes eliminating jobs, reducing service to parts of Asia and idling older equipment, as customers are turning to cheaper shipping alternatives.
More details are on the FedEx website.
How a former commercial vehicle enforcement officer turned director of safety at K&B Transportation is embracing real-world safety technology.
Read More →
When the unexpected happens, how you react to, and deal with operational blind spots is critical. Here’s how to keep you recovery on track, when nothing is normal.
Read More →
As fleets adopt artificial intelligence for routing, maintenance, and load matching, new security risks are emerging. Learn where the vulnerabilities are and how to put the right controls in place.
Read More →
The long-awaited registration system promises a single portal — and tighter fraud controls.
Read More →
CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.
Read More →
Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.
Read More →
Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.
Read More →
A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.
Read More →
More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.
Read More →
The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
