FedEx Reports Profits Up 23% for 3rd Quarter
FedEx Corp., Memphis, Tenn., reported profits were up 23% for the third quarter. The company also reported earnings of $147 million, or 49 cents per shar
FedEx Corp., Memphis, Tenn., reported profits were up 23% for the third quarter. The company also reported earnings of $147 million, or 49 cents per share
for the quarter ended Feb. 28 compared with $120 million, or 39 cents a share, a year ago.
For the quarter ending Feb. 28, the company reported revenues of $5.5 billion, an increase of 10% over the same period last year, and operating income of $269 million, an increase of 14%. The company said package volume grew a combined 9% in its two largest divisions.
The company expects growth to continue into the fourth quarter, predicting per share earnings of 88 to 95 cents.
FedEx Ground, the company's trucking operation, reported revenues of $844 million, up 26%, and operating income of $109 million, up 58%. Package volume was up 24%.
FedEx Express, the company's rapid-delivery service, reported revenues of $4.06 billion, up 8%, and operating income of $133 million, down 8%. Package volume was up slightly for the division.
More Drivers
Why Hiring Truck Drivers Is Getting Harder
Higher recruiting costs, a shrinking driver pool, and renewed pay competition are raising the stakes for fleets heading into 2027.
Read More →
Roehl Offers Truck Drivers $10,000 Retention Incentive
Payments begin after the first load and continue in mileage-based installments for eligible experienced drivers joining the fleet.
Read More →
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 →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
Truck Drivers Need More Than Another Alert
Fleets have more visibility into truck health, safety events, and driver activity than ever. The next challenge is turning all that information into useful guidance for the person who has to decide what to do next.
Read More →