During the second quarter of 2020, consolidated revenue decreased 2.8% to $17.3 billion while operating profit decreased 52.7% to $554 million and net income decreased 40.1% to $560 million. This information is not provided for operating companies.
During the first quarter, consolidated revenue was flat at $17.0 billion while operating income decreased 8.8% to $977 million. Net income dropped 63.2% to $2.07 billion. Information for operating companies is not provided.
FedEx Express, FedEx Ground and FedEx Freight, all subsidiaries of FedEx Corp., will increase shipping rates and surcharges effective January 6, 2020: FedEx Express shipping rates will increase by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services. FedEx Ground and FedEx Home Delivery shipping rates will increase by an average of 4.9%. FedEx SmartPost…
During the fourth quarter of 2019, consolidated revenue increased 2.9% to $17.8 billion while operating profit was flat at 1.32 billion. Net income was negative by $1.94 billion. The company does not provide in this information for the different operating companies.
During the third quarter of 2019, consolidated revenue increased 3.0% to $17.0 billion while operating profit increased 6.2% to $911 million and net income decreased 63.2% to $739 million. This information is not provided for operating companies.