Subscribe to our free, weekly email newsletter!


Management Update: FedEx fiscal Q3 takes off.

By Staff
April 01, 2010

In a sign that the economic recovery is making progress, FedEx announced last month that net income for the fiscal third quarter of $239 million was up 146 percent over last year's $97 million. Spurred by strong growth through FedEx Ground and international express, quarterly revenue at $8.7 billion was up 7 percent from a year ago. Operating income, at $416 million, was up 129 percent from $182 million over the fiscal third quarter a year ago, with a quarterly operating margin of 4.8 percent up from 2.2 percent. “Outstanding execution of our business strategy and an improving global economy drove solid financial performance in the quarter,” said FedEx Chairman, President, and CEO Frederick W. Smith.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Join Industry Expert Adrian Gonzalez for this educational webinar on the tenets and the benefits of Closed-Loop Operational Management. You’ll learn how Closed-Loop Operational Management optimizes orders, inventory, and transportation concurrently, and how it is able to optimize large-scale problems on a daily basis.

In a separate conference call following CP’s third quarter earnings release call yesterday, CP CEO Hunter Harrison make myriad convincing points for a merger between CP and CSX and offered up his take in general industry M&A as well.

Seasonally-adjusted (SA) for-hire truck tonnage in September checked in at 132.6 (2000=100) for the second straight month, remaining as the current all-time high level for the second month in a row, with November 2013’s 131.0 now the second best month recorded.

Ahead of its third quarter earnings call this Friday, freight transportation and logistics titan UPS rolled out rate increases for 2015 that are set to take effect on December 29, 2014.

The 'Internet of Things' or IoT is a term that has rapidly taken center stage in business and consumer technology circles, with tremendous amounts of hype in both. Don't be distracted if some of the hypothetical consumer examples of the IoT seem far-fetched; the trend has serious implications for businesses. This complimentary whitepaper takes a look at some of the opportunities afforded by the Internet of Business Things.

Article Topics

Management Update · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA