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22 October 2021 The on-line newspaper devoted to the world of transports 21:37 GMT+2

September 22, 2021

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Original news
The series of economic performances has stopped FedEx quarterly records

The period June-August was archived with a net profit of 1,1 billion dollars (-10.7%)

After a record last quarter of fiscal 2021, in the next quarter June-August of this year is interrupted the trend of significant growth in performance financial of the FedEx logistics group which also in the period has recorded a value of revenues never previously reached in the first quarter of a fiscal year. The first quarter period of fiscal year 2022, in fact, closed for FedEx with a turnover of 22.0 billion dollars, with an increase of +13.9% on the period June-August of the previous year. You are the trend towards growth in the value of the result has also stopped operating and net result in the previous three quarters: in the first quarter of fiscal 2022 these items of balance sheet amounted to 1.4 billion respectively dollars (-12.1%) and 1.1 billion dollars (-10.7%).

Meanwhile, on Monday, FedEx announced a program of increase in tariffs that will come into force at the beginning of the next year, rise - explained the company - which reflects the increase in costs related to the challenging operating environment.

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