FedEx Reports Big Decline In Fourth Quarter Earnings, Freight Unit Holds Steady
The trucking, airline and parcel operation FedEx, reports revenue increased during its fiscal fourth quarter while net earnings were sharply lower.
The trucking, airline and parcel operation FedEx, reports revenue increased during its fiscal fourth quarter while net earnings were sharply lower.
Revenue moved higher in the three months ending May 31 to $11.4 billion compared to $11 billion from the same time a year ago. Net income declined to $303 million from $550 over the same time period.
For the entire fiscal year, FedEx reported $42.7 billion in revenue, compared to $44.3 billion in the previous year, while net income declined to $1.56 billion from $2.03 billion.
“FedEx Ground posted another strong year and FedEx Freight margins continued to improve,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “These positive developments did not fully offset tepid economic growth and customer preference for less costly international shipping services. FedEx Express results improved in the fourth quarter, and while near-term challenges remain, we are confident we are positioning FedEx for profitable, long-term growth.”
For the fourth quarter, the FedEx Freight segment reported revenue of $1.39 billion, down 1% from last year's $1.40 billion. Adjusted operating income was $81 million, unchanged from a year ago.
In October, the company announced profit improvement programs, which include a voluntary employee separation program. It was completed during the fourth quarter, and approximately 3,600 employees will be voluntarily leaving the company in phases.
For the fourth quarter, the FedEx Express segment reported revenue of $6.98 billion, up 3% from last year's $6.80 billion. Adjusted operating income was $460 million, up 11% from $415 million a year ago.
The FedEx Ground segment reported in the fourth quarter revenue of $2.78 billion, up 12% from last year's $2.48 billion, while adjusted operating income was $557 million, up 13% from $494 million a year ago.
More details are available on the FedEx webiste.
More Fleet Management

What Trucking Events are Happening in 2026?
Looking for trucking-related conventions, expos, and other events? Heavy Duty Trucking has developed this list of national and larger regional trucking shows and events.
Read More →
Truckload Rates Keep Rising as Tight Capacity Fuels Freight Market Recovery
Spot and contract rates continued climbing in May and June, not because freight demand is surging, but because fewer trucks and drivers are available.
Read More →
What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →

