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FedEx Improves Fuel Efficiency

Posted on September 18, 2008

By John Addison (9/18/08). FedEx is sometimes referred to as a bellwether for the U.S. economy. The bellwether appears to be doing OK, based on the quarterly financials which FedEx released today. Revenues increased, but earnings decreased 22% over a year ago. For fiscal year 2009, FedEx expects to earn $4.75 to $5.25 per share, up from $3.64 for fiscal year 2008. Daily volume in FedEx's Express and Ground segments increased 1%, helped by growth in ground, FedEx SmartPost and international domestic express shipments. U.S. do...

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