FedEx Revenue Up, Profit Down; Rates to Increase
FedEx Corp. said it had $10.79 billion revenue in the first quarter, ended Aug. 31, up 3% from the previous year. Net income was $459 million, down 1%. It said FedEx Express will increase shipping rates by a net average…
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of 3.9% for U.S. domestic, U.S. export and U.S. import services effective Jan. 7, 2013.