Industry News

Siriani & Associates has been designing comprehensive freight savings plans (FSP) for various associations since 1982. As the innovators of the FSP, Siriani takes pride in providing associations and their members with unparalleled customer service.

US Shipping Map

FedEx First-Quarter Income Rises 24% to $606 Million

September 17, 2014

FedEx_Collective_Light_Gray.jpg

FedEx Corp. reported its fiscal first-quarter net income rose 24% to $606 million, or $2.10 per share, from $489 million, or $1.53, a year ago.

Revenue for the quarter ended Aug. 31 rose 6% to $11.7 billion from $11 billion, the company said Sept. 17.

The freight segment increased first-quarter operating income 70% to $99 million, and it reported revenue of $1.61 billion — a 13% increase from the same time last year.

Less-than-truckload revenue per shipment increased 3% on higher weight per shipment, increased fuel surcharge revenue and higher rates, according to FedEx.

“FedEx Corp. is off to an outstanding start in fiscal 2015, thanks to very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in U.S. domestic volume at FedEx Express,” Chairman and CEO Frederick Smith said in a statement.

http://www.ttnews.com/articles/basetemplate.aspx?storyid=36032&utm_source=express&utm_medium=newsletter&utm_campaign=newsletter

Go back to list...

"With the additional savings from our CBA membership we are able to give more back to our Global Outreach Ministries."

Marci Regan, Operations Manager, Mariners Church Bookstore